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Bankfield Road, Woodley

North West

£225,000
Listed on 03/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1017 sqft

Description

This end-terraced home, situated near the scenic Peak Forest Canal, presents a promising renovation opportunity. While the property is functional as-is, it does require a level of refurbishing that allows for personalization and potential value enhancement. The current layout includes an entrance vestibule, two spacious reception areas, a kitchen measuring over 13 feet, a rear porch, a convenient downstairs w.c., and two generously sized double bedrooms along with a sizeable bathroom. Notably, there's significant scope to reconfigure the internal space to accommodate a third bedroom, which could greatly increase its appeal. The property also boasts an off-road parking space and an attractive rear garden area—albeit shared in title with other residents—though it has been independently fenced for private use for many years. This freehold offering is ideal for those looking to invest in a property where they can add value through thoughtful renovations.

Investment Analysis

(SK6 area)

Below Market Value

This property is priced -31.6% below area average per sq ft

-31.6%
Potential saving
This Property
£221/sq ft
Area Average
£323/sq ft
Avg Rent (weekly)
£268
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£361,676
10% above area average per sq ft
Potential ROI
+44.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (SK6)

Area prices are rising by +3.9% over the last 12 months
3 year growth: 6.8%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on SK6 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

Bankfield Road, Woodley
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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
£824
Based on a loan of £168,750 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