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West Meadow, Reddish SK5 6XR

North West

£115,000

Listed on 19/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
523 sqft

Description

This spacious two-bedroom flat is located on the first floor of a modern estate, offering a blank canvas for prospective buyers looking to invest in a renovation project. Although it requires some updating, the property boasts all the essential features for enhancing its appeal, including a self-contained entrance that leads to a welcoming private hallway and landing. The lounge flows into a dedicated dining area, complemented by a practical kitchen setup. An inner hall provides access to two bedrooms and a shower room, while loft storage adds utility. With UPVC double-glazed windows and gas central heating powered by a Worcester boiler already in place, the property presents a solid foundation for improvement. Outside, there is an inviting front garden area and allocated parking at the rear. The flat's convenient location—just under a mile from Reddish North train station with direct services to Manchester Piccadilly, as well as proximity to Reddish Vale Country Park—enhances its investment potential. The leasehold status extends over 125 years from 1977 with an annual ground rent of £10, making it a worthwhile opportunity for those looking to tailor their living space.

Investment Analysis

(SK5 area)

Below Market Value

This property is priced -17.8% below area average per sq ft

-17.8%
Potential saving
This Property
£220/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£268
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£153,864
10% above area average per sq ft
Potential ROI
+9.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (SK5)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +5.7%
5 year growth: +32.5%
Investment Disclaimer: Analysis based on SK5 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

West Meadow, Reddish SK5 6XR
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£410
Based on a loan of £86,250 over 30 years at 3.97% 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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