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Newgate Drive, Manchester, M38

North West

£175,000

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
898 sqft

Description

This mid-terrace property, available for immediate purchase without any onward chain, represents a promising opportunity for first-time buyers, families, or investors eager to bring their vision to life. The freehold home is well-positioned and offers spacious accommodation with significant potential for modernization and value addition. The ground floor features an inviting entrance hall that leads into a generous lounge and a separate dining area, perfect for gatherings or meal times. The kitchen provides access to a rear garden that holds great promise for transformation into a delightful outdoor retreat. On the first floor, you will find three adequately sized bedrooms complemented by a family bathroom and an additional separate WC, catering to the needs of contemporary family living. The front and rear gardens enhance the appeal of the property, particularly the rear space which can be developed further. While the home would benefit from substantial updates, it offers buyers the chance to personalize it according to their tastes. Its convenient location near schools, shops, transport links, and local amenities adds to its attractiveness. This property stands as an exceptional opportunity in a sought-after residential area and merits early viewing to truly grasp its potential.

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Investment analysis

(M38 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£195/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£277
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£218,156
10% above area average per sq ft
Potential ROI
+3.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (M38)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +8.7%
5 year growth: +50.0%
Investment Disclaimer: Analysis based on M38 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

Newgate Drive, Manchester, M38
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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
£661
Based on a loan of £131,250 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

Next Steps

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