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North West
£220,000
Listed on 02/10/2026
Listed on 02/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This spacious two-bedroom semi-detached bungalow presents a noteworthy opportunity for buyers willing to modernise a dated interior. Tucked away in a quiet location, the property offers generous accommodation with a large rear lounge and functional kitchen, creating a solid foundation for improvement. The expansive gardens and driveway enhance the appeal, making it suitable for those looking to invest time and resources into creating a personalized home.
However, the asking price of £220,000 translates to £251/sqf, which is notably above the local average of £215/sqf. Coupled with renovation costs estimated between £40,000 and £80,000, the overall financials stretch the investment beyond current local values, indicating a less favorable margin for potential buyers. While the property has great potential, the elevated price could limit the economic upside, making it essential for prospective buyers to weigh this factor carefully against the property’s inherent positives.
The project numbers deserve scrutiny: once you include an estimated £60,000 of works on top of the asking price, spend approaches £280,000 — roughly 33% above what comparable floor area achieves locally in current condition. Hence the weak economics component — a proxy for today's market, not post-refurbishment GDV.
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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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