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Union Road, New Mills, SK22

North West

£250,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1335 sqft

Description

This significant property presents an exceptional opportunity for developers or homeowners ready to embark on a substantial renovation project. Originally a commercial space, the expansive ground floor offers the potential for a seamless open-plan living area, combined with areas designated for home business use or extensive reconfiguration according to your vision. The interior is currently configured with three spacious bedrooms and three bathrooms, all of which demand modernization. The property serves as a blank slate, allowing you to create a unique living environment tailored to modern standards. Noteworthy features include a basement that could either enhance storage options or be transformed into additional living space (pending necessary permissions), and a separate garage providing further utility. The existing gas central heating system is present but should be inspected for condition. Located in the vibrant centre of New Mills, this property promises both ample indoor space and the advantages of a lively community at your doorstep. This endeavor will require comprehensive structural and cosmetic updates—making it an ideal investment for those prepared to undertake a thorough renovation in order to unlock its full potential and maximize return on investment. An early viewing is advisable to truly appreciate the possibilities this property holds.

Investment Analysis

(SK22 area)

Below Market Value

This property is priced -35.9% below area average per sq ft

-35.9%
Potential saving
This Property
£187/sq ft
Area Average
£292/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£429,169
10% above area average per sq ft
Potential ROI
+22.6%
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

Union Road, New Mills, SK22
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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
£916
Based on a loan of £187,500 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