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Balmer Drive, Manchester, Greater Manchester, M23 - Image 1
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Balmer Drive, Manchester, Greater Manchester, M23

North West

£375,000
Listed on 02/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1165 sqft

Description

Nestled at the end of a tranquil cul-de-sac, this four-bedroom detached dormer bungalow presents a prime opportunity for renovation and personalization. Spanning approximately 1,165 square feet, the home offers ample space to accommodate families or those looking to downsize while still enjoying spacious living. The layout includes a welcoming entrance hallway leading to a dining area and a fitted kitchen that provides functional cooking and entertaining space. The generous family lounge, which overlooks a well-sized garden, offers great potential for modern updates and enhancements. Completing the ground floor are two bedrooms and a fitted bathroom equipped with a traditional three-piece suite. Upstairs, you'll find two additional bedrooms that can easily be transformed into personal retreats, office spaces, or guest rooms, depending on your needs. The property requires some updating, but this presents an exciting chance for buyers to implement their vision and create their dream home. Outdoors, a lawned garden features at the front along with a block-paved driveway that leads to a detached garage and provides convenient off-road parking. The rear and side gardens are partially paved and landscaped with mature hedgerows, offering privacy and potential for outdoor enjoyment. This bungalow is situated in an appealing location that combines serenity with accessibility to local amenities. Whether you’re an investor seeking rental potential or looking to create your ideal living space through renovation, this property is worthy of consideration.

Investment Analysis

(M23 area)

Above Market Value

This property is priced +9.6% above area average per sq ft

+9.6%
This Property
£322/sq ft
Area Average
£294/sq ft
Avg Rent (weekly)
£318
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£376,312
10% above area average per sq ft
Potential ROI
-9.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (M23)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 8.5%
5 year growth: 42.2%
Investment Disclaimer: Analysis based on M23 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

Balmer Drive, Manchester, Greater Manchester, M23
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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
£1,374
Based on a loan of £281,250 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