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Askett Close, Newton Heath, Manchester, M40 - Image 1
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Askett Close, Newton Heath, Manchester, M40

North West

£210,000
Listed on 01/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
618 sqft

Description

This two-bedroom townhouse, situated just four miles from Manchester City Centre, presents a valuable opportunity for first-time buyers and investors alike. Located on a quiet street in Newton Heath, the property is in move-in condition yet offers ample scope for personalization and improvement. The front of the house features driveway parking, while a versatile outbuilding at the rear can be repurposed as an office, games room, or play area to suit your needs. A low-maintenance garden with patio seating completes the outdoor space. Inside, you’ll find a welcoming entrance porch that leads into a generous lounge and a separate dining area adjacent to the kitchen. On the first floor, two double bedrooms share a contemporary three-piece bathroom suite. While currently comfortable to live in, there are opportunities for modernization and cosmetic updates to enhance its appeal and value. The property is conveniently located near local amenities and has excellent commuter links, providing easy access to Manchester City Centre as well as green spaces like Brookdale Park and Clayton Vale. This townhouse is not just a home but also an investment with potential as market conditions evolve.

Investment Analysis

(M40 area)

Above Market Value

This property is priced +37.9% above area average per sq ft

+37.9%
This Property
£340/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£279
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£167,537
10% above area average per sq ft
Potential ROI
-28.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (M40)

Area prices are rising by +7.1% over the last 12 months
3 year growth: +8.6%
5 year growth: +37.4%
Investment Disclaimer: Analysis based on M40 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

Askett Close, Newton Heath, Manchester, M40
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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
£757
Based on a loan of £157,500 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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