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Luton Road, Reddish

North West

£120,000
Listed on 21/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
787 sqft

Description

This two-bedroom terraced house in Reddish presents a compelling opportunity for renovation and investment. Conveniently located near South Reddish train station, this property is well-placed for access to local amenities and major transport routes, including the M60 motorway, enhancing its appeal for potential tenants or future buyers. The home features a lounge, dining room, kitchen, two double bedrooms, and a family bathroom but requires significant modernization to unlock its full potential. With existing double glazing and gas central heating, the groundwork is laid for efficient upgrades. Properties in this area achieve rental yields of around £1,000 to £1,100 monthly, making this an attractive prospect for investors looking to expand their portfolio. Similar homes in the neighbourhood have attained notable sale prices recently, indicating solid market demand. This residence provides an excellent canvas for creating a personalized living space or capitalizing on investment opportunities in a desirable location.

Investment Analysis

(SK5 area)

Below Market Value

This property is priced -43.5% below area average per sq ft

-43.5%
Potential saving
This Property
£152/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£254
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£233,523
10% above area average per sq ft
Potential ROI
+61.1%
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
42%
Properties sold annually

Local Market Trend (SK5)

Area prices are rising by +7.2% over the last 12 months
3 year growth: 8.4%
5 year growth: 35.9%
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

Luton Road, Reddish
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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
£440
Based on a loan of £90,000 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.

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