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Parkwood Road, Manchester

North West

£240,000
Listed on 10/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
893 sqft

Description

Nestled in a desirable area of Manchester, this semi-detached residence on Parkwood Road presents an intriguing opportunity for renovation enthusiasts and investors alike. The property features three spacious bedrooms along with a cozy reception room, offering a solid foundation for family living or potential rental yield. Set on a generous plot, there is ample outdoor space to explore possibilities for landscaping or extensions to enhance the home further.<br><br>Its prime location next to a historic park not only enriches the local environment but also encourages outdoor activities and relaxation. Accessibility is another key advantage, with strong transport links that connect you swiftly to the motorway and airport, simplifying commutes and trips into the city.<br><br>This home comes with no onward chain, facilitating a seamless buying process. Offered via a modern auction method, it could be an excellent project for first-time buyers or seasoned investors looking for value-adding opportunities in a sought-after area.

Investment Analysis

(M23 area)

Below Market Value

This property is priced -10.3% below area average per sq ft

-10.3%
Potential saving
This Property
£269/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£303
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£294,297
10% above area average per sq ft
Potential ROI
-1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
71%
Properties sold annually

Local Market Trend (M23)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +10.6%
5 year growth: +42.7%
Investment Disclaimer: Analysis based on M23 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

Parkwood Road, Manchester
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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
£866
Based on a loan of £180,000 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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