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Leegrange Road, Manchester

North West

£115,000
Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
920 sqft

Description

This is a vacant three-bedroom terraced property situated in Blackley, presenting an intriguing opportunity for investors and developers interested in capitalizing on its refurbishment potential. The need for modernisation offers a chance to enhance the property’s appeal, making it suitable for buy-to-let landlords or those looking to resell after upgrades. The ground floor includes two reception rooms and a kitchen, while the first floor hosts three generously sized bedrooms along with a bathroom. A sizable rear yard extends the property's outdoor space, ideal for potential enhancements. Given current rental prices in the neighborhood averaging around £1,250 per month for finished properties, there is substantial promise for returns post-renovation. This area benefits from robust local amenities and transport connections to Manchester City Centre, ensuring continued interest from both tenants and future homeowners.

Investment Analysis

(M9 area)

Below Market Value

This property is priced -43.2% below area average per sq ft

-43.2%
Potential saving
This Property
£125/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£250
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£222,792
10% above area average per sq ft
Potential ROI
+43.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (M9)

Area prices are rising by +11.9% over the last 12 months
3 year growth: +20.4%
5 year growth: +52.9%
Investment Disclaimer: Analysis based on M9 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

Leegrange 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
£415
Based on a loan of £86,250 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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