Clement Street, Heaton Norris, Stockport, SK4

This two-bedroom end-terrace property presents a compelling opportunity for buyers seeking a full renovation project. With an asking price of £190,000, the property is priced attractively at £266/sqf, significantly below the local average of £351/sqf. This affordability allows for potential acquisition below market value, making it an enticing option for those ready to undertake a comprehensive refurbishment.

However, the overall economics of this project are less favorable. The estimated all-in cost of £315,000, when considering both the purchase price and a renovation budget of £100,000 to £150,000, stretches the investment relative to local benchmarks. This means that while the initial price is cheap, the combined outlay leaves limited margin against the implied local average value. Visible signs of neglect and wear throughout the property indicate that extensive works are needed, including in the living areas, bedrooms, kitchen, and bathroom. The layout provides good potential for reconfiguration, particularly with the additional space offered by the cellar and the private garden, which could be transformed into a desirable outdoor area.

In summary, while this listing offers a cheap entry point in a good location, the scale of the renovation required is significant, and prospective buyers should be prepared for a full-gut programme rather than a simple refresh.