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North West
£295,000
Listed on 04/09/2026
Listed on 04/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom semi-detached home on Derwent Road presents a substantial renovation project with a guide price of £295,000, which is slightly above the local average at £312/sqf. While the price is relatively affordable compared to the local market, the overall economics of the project are a concern. The all-in costs, estimated to reach around £395,000, exceed the implied local average value of £289,072, indicating a significant margin squeeze.
The property is already showing signs of renovation, particularly upstairs, which provides a unique opportunity for buyers to further enhance the living spaces and create a tailored home. The presence of planning permission for a single-storey wrap-around extension adds considerable value and flexibility to the project. However, it's essential to be aware that the extent of the works required is substantial, and the property will need a full-gut approach rather than a simple refresh to realize its full potential.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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