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Melbourne Street, Reddish, Stockport, SK5 - Image 1
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Melbourne Street, Reddish, Stockport, SK5

North West

£160,000
Listed on 25/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
913 sqft

Description

This two-bedroom mid-terrace property presents a significant opportunity for renovation and investment. Located conveniently within walking distance to Houldsworth Square, it offers easy access to various local amenities, schools, and transport links, making it an attractive option for first-time buyers, downsizers, or property investors looking to add value. The layout includes a welcoming entrance hallway that leads into a light-filled front lounge and a second sitting room featuring an appealing fireplace, providing flexible living options. The rear kitchen is functional but in need of updating, with existing wall and base units offering the potential for modernisation. Upstairs, you will find two spacious double bedrooms along with a traditional three-piece family bathroom. Outside, the property has a charming garden frontage and useful storage cellars. The rear courtyard is enclosed and low-maintenance, perfect for creating an outdoor seating area or entertaining space. With some thoughtful renovations, this property can significantly increase its appeal and functionality.

Investment Analysis

(SK5 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£175/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£268,700
10% above area average per sq ft
Potential ROI
+41.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
67%
Properties sold annually

Local Market Trend (SK5)

Area prices are rising by +6.6% over the last 12 months
3 year growth: +8.1%
5 year growth: +37.0%
Investment Disclaimer: Analysis based on SK5 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

Melbourne Street, Reddish, Stockport, SK5
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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
£577
Based on a loan of £120,000 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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