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Moor Road, Manchester, Greater Manchester, M23 - Image 1
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Moor Road, Manchester, Greater Manchester, M23

North West

£500,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1271 sqft

Description

This detached property presents a unique opportunity for developers and multi-generational families looking to invest in a substantial plot that comes with approved planning permission for approximately 11,000 sq ft of residential development. Currently, the site features a three-bedroom bungalow, which is tenanted and generating income, adding immediate cash flow while you explore further potential. The generous enclosed rear garden and gated side access lead to ample space suitable for multiple dwellings or custom-built family homes, complete with secure parking options and private outdoor spaces. Situated near key transport links including the M56 and M60 motorways as well as Manchester Airport, this location benefits from accessible metrolink and bus routes alongside local amenities. This property truly stands out due to its development potential in a sought-after area with planning already in place.

Investment Analysis

(M23 area)

Above Market Value

This property is priced +32.1% above area average per sq ft

+32.1%
This Property
£393/sq ft
Area Average
£298/sq ft
Avg Rent (weekly)
£293
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£416,214
10% above area average per sq ft
Potential ROI
-32.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
66%
Properties sold annually

Local Market Trend (M23)

Area prices are rising by +4.6% over the last 12 months
3 year growth: +7.9%
5 year growth: +39.5%
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

Moor Road, Manchester, Greater Manchester, M23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% 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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