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Elizabeth Street, Manchester, M8

North West

£160,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Semi Detached
Area
592 sqft

Description

This two-bedroom semi-detached property in Cheetham Hill represents a valuable opportunity for investors or first-time buyers looking to customize their living space. Spanning across two levels, the ground floor features a spacious reception area suitable for both relaxation and dining, along with a separate kitchen that allows for potential redesign. Upstairs, you will find two well-sized bedrooms and a family bathroom ready for modern updates. While the property would greatly benefit from modernization, it serves as a solid base for enhancements and personal touches. Its pricing reflects the renovation needs, making it an appealing option for those seeking to add value through refurbishment. Conveniently located within easy reach of Manchester City Centre, this home is surrounded by local amenities including shops, schools, parks, and great transport links across Greater Manchester. This property promises generous living space combined with significant investment potential.

Investment analysis

(M8 area)

Above Market Value

This property is priced +11.7% above area average per sq ft

+11.7%
This Property
£270/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£257
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£157,525
10% above area average per sq ft
Potential ROI
-19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (M8)

Area prices are stable by -1.0% over the last 12 months
3 year growth: +9.0%
5 year growth: +19.1%
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

Elizabeth Street, Manchester, M8
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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
£604
Based on a loan of £120,000 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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