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Cherington Close, Manchester, M23

North West

£275,000

Listed on 16/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1033 sqft

Description

This three-bedroom semi-detached property located on Cherington Close presents a noteworthy opportunity for buyers seeking to invest in renovation. Nestled in a tranquil area, the home is conveniently positioned near schools, shops, and community amenities. Internally, the residence requires modernization, providing a blank canvas for creative updates and potential extensions (subject to planning permission). The layout features an entrance hall leading into a lounge that connects to a separate dining room and kitchen, which also grants access to a downstairs WC. On the first floor, you'll find three generously-sized bedrooms alongside a shower room and separate WC. Externally, the property boasts a substantial plot with off-road parking that leads to a garage. The expansive rear garden is enhanced by mature trees and shrubbery, offering privacy and space for outdoor activities along with a patio area suitable for relaxation or entertaining guests.

Investment analysis

(M23 area)

Below Market Value

This property is priced -11.9% below area average per sq ft

-11.9%
Potential saving
This Property
£266/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£284
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£343,447
10% above area average per sq ft
Potential ROI
+9.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (M23)

Area prices are falling by -4.1% over the last 12 months
3 year growth: +8.8%
5 year growth: +35.8%
Investment Disclaimer: Analysis based on M23 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

Cherington Close, Manchester, M23
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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
£1,039
Based on a loan of £206,250 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

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