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Church Road, New Mills, SK22

North West

£250,000
Listed on 01/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1227 sqft

Description

This property presents a compelling development opportunity in the bustling centre of New Mills. Currently housing a thriving hairdressing salon with additional living space above, the building is set to undergo a transformation that could significantly enhance its value. The premises features a traditional shopfront with prominent street visibility on Church Road, surrounded by a vibrant mix of independent businesses and local amenities. The open-plan layout of the ground floor, complemented by further space at the rear, allows for various reconfiguration possibilities or expansion options pending necessary consents. Outside, enjoy a private garden area complete with lawn, storage shed, and patio—ideal for personal use or potential outdoor business space. This property is offered with no onward chain and has immense potential for refurbishment or redevelopment, making it an attractive proposition for investors looking to capitalize on modernisation initiatives or residential conversion projects.

Investment Analysis

(SK22 area)

Below Market Value

This property is priced -30.3% below area average per sq ft

-30.3%
Potential saving
This Property
£204/sq ft
Area Average
£292/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£394,450
10% above area average per sq ft
Potential ROI
+27.2%
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

Church 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.

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