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Smedley Road, Manchester, M8

North West

£280,000
Listed on 20/03/2026

Property Details

Bedrooms
5
Type
Terraced
Area
1668 sqft

Description

This property presents a compelling investment opportunity with its expansive layout spread over four floors. Currently accommodating five bedrooms, the configuration is flexible, allowing for potential reconfiguration to better suit future needs, provided the necessary permissions are obtained. The property is equipped with several communal areas that enhance its function as a multi-occupancy residence, making it an attractive option for investors looking to capitalize on rental income. While the property requires some modernization, this offers a prime chance for buyers to increase value through renovations and improvements. Its size and adaptability suggest significant potential for those willing to envision and execute a transformation.

Investment Analysis

(M8 area)

Below Market Value

This property is priced -30.6% below area average per sq ft

-30.6%
Potential saving
This Property
£168/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£259
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£444,113
10% above area average per sq ft
Potential ROI
+30.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (M8)

Area prices are falling by -8.9% over the last 12 months
3 year growth: +0.7%
5 year growth: +12.2%
Investment Disclaimer: Analysis based on M8 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

Smedley Road, Manchester, M8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£992
Based on a loan of £210,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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