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Albany Road, Manchester, Greater Manchester, M21 - Image 1
Albany Road, Manchester, Greater Manchester, M21 - Image 2
Albany Road, Manchester, Greater Manchester, M21 - Image 3
Albany Road, Manchester, Greater Manchester, M21 - Image 4
Albany Road, Manchester, Greater Manchester, M21 - Image 5

Albany Road, Manchester, Greater Manchester, M21

North West

£295,000
Listed on 13/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a valuable opportunity for those looking to invest in a promising development project. With an approved planning application for the construction of three spacious penthouse apartments, the site is poised for renovation and enhancement. The application, submitted on January 28, 2022, provides a clear path forward for potential developers or investors. Located in a vibrant area of Manchester, the property benefits from its proximity to local amenities and transport links, making it an attractive option for future residents. This strategic location not only enhances its appeal but also suggests strong rental demand and resale potential. The existing structure offers a canvas ripe for transformation, allowing for creative approaches to design that can maximize space and elevate living standards. Given the ongoing interest in urban residential developments, this property stands out as a practical investment with significant upside potential. For those interested in viewing the site and exploring its possibilities further, arrangements can be made through the appointed agent.

Investment Analysis

(M21 area)
Area Average
£398/sq ft
Avg Rent (weekly)
£289
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (M21)

Area prices are rising by +8.9% over the last 12 months
3 year growth: 11.7%
5 year growth: 27.3%
Investment Disclaimer: Analysis based on M21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Albany Road, Manchester, Greater Manchester, M21
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,081
Based on a loan of £221,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE