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High Lea Road, New Mills, High Peak - Image 1
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High Lea Road, New Mills, High Peak

North West

£220,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
786 sqft

Description

This three-bedroom semi-detached property presents a significant opportunity for renovation enthusiasts and investors alike. Nestled in a desirable location that overlooks High Lea Park, the home is conveniently situated near the center of New Mills, providing easy access to local amenities and the railway station. Characterized by its traditional stone construction, this residence showcases a private garden that offers a mature and tranquil outdoor space. The property features an entrance hall that leads to a living room and dining room, which includes a useful pantry. The compact kitchen is functional and has potential for modern upgrades. Upstairs, you will find three bedrooms along with a bathroom, providing ample space for family living or guest accommodations. Although the property requires modernization, it offers a blank canvas for those looking to put their personal touch on their new home or seeking an investment opportunity. With no onward chain, you'll be able to move forward with your plans without delay. This could be the ideal project for anyone eager to transform a classic home into something fresh and inviting while capitalizing on the property's prime location.

Investment Analysis

(SK22 area)

Below Market Value

This property is priced -4.2% below area average per sq ft

-4.2%
Potential saving
This Property
£280/sq ft
Area Average
£292/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£252,679
10% above area average per sq ft
Potential ROI
-2.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (SK22)

Area prices are falling by +3.5% over the last 12 months
3 year growth: 5.3%
5 year growth: 26.6%
Investment Disclaimer: Analysis based on SK22 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

High Lea Road, New Mills, High Peak
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 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.

Next Steps

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