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Mellor Street, Prestwich, M25

North West

£180,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
840 sqft

Description

This mid-terrace property, located in the desirable Prestwich Village, presents a unique opportunity for those looking to invest or create their ideal living space. With the need for comprehensive renovation, this home offers a generous layout comprising a spacious reception area, a decent-sized kitchen, two well-proportioned bedrooms, and a family bathroom. The property serves as a blank canvas for anyone eager to modernize and inject their personal style. The location adds significant appeal; just a short stroll from the heart of Prestwich Village where you'll find an array of independent bars, cafes, and shops. For daily commuters or city dwellers, Prestwich Metrolink station is within an eight-minute walk, ensuring easy access to Manchester City Centre. Nature enthusiasts will appreciate the proximity to parks and green spaces such as Prestwich Clough and Drinkwater Park. Given its traditional proportions and substantial potential for improvement, this property is an excellent fit for first-time buyers or investors seeking to maximize value in a sought-after area. Early viewings are encouraged to secure this promising opportunity.

Investment Analysis

(M25 area)

Below Market Value

This property is priced -29.5% below area average per sq ft

-29.5%
Potential saving
This Property
£214/sq ft
Area Average
£304/sq ft
Avg Rent (weekly)
£265
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£280,988
10% above area average per sq ft
Potential ROI
+17.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (M25)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 3.7%
5 year growth: 27.2%
Investment Disclaimer: Analysis based on M25 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

Mellor Street, Prestwich, M25
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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
£659
Based on a loan of £135,000 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