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Thornley Lane South, Reddish

North West

£190,000

Listed on 05/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
885 sqft

Description

This three-bedroom mid-terrace property, positioned conveniently between Reddish and Dane Bank, offers a promising canvas for those looking to invest in a home that you can personalize. With spacious living areas and an abundance of natural light, this residence invites first-time buyers, expanding families, or seasoned investors seeking a renovation project with considerable upside potential. The layout features a welcoming entrance hall that leads to a generously sized living room, perfect for relaxation. At the rear, the kitchen diner presents an opportunity to reconfigure into a contemporary open-plan layout suited for modern living. The first floor boasts three well-proportioned double bedrooms—a rare find in similar properties—alongside a family bathroom that adequately serves all rooms. Outside, the home is surrounded by enclosed gardens at both the front and rear, offering private outdoor spaces ripe for development into ideal family areas or tranquil retreats. Located near local amenities, schools, and excellent transport links, this property is not only practical but also has access to nearby green spaces like Grenada Park for leisure activities. This home stands as an attractive investment poised for enhancement and personalization.

Investment Analysis

(SK5 area)

Below Market Value

This property is priced -19.8% below area average per sq ft

-19.8%
Potential saving
This Property
£215/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£260
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£260,606
10% above area average per sq ft
Potential ROI
+15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (SK5)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +5.2%
5 year growth: +32.4%
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

Thornley Lane South, Reddish
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£718
Based on a loan of £142,500 over 30 years at 4.45% 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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