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North West
£180,000Guide Price
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 two-bedroom mid-terraced property on Ellesmere Terrace presents a compelling opportunity for buyers looking to create a home tailored to their personal taste. The asking price of £180,000 is notably cheap compared to the local average of £276/sqf, making it an attractive acquisition for those willing to invest in renovations. While the home shows signs of wear and requires updating throughout, including the living room, bedrooms, and garden, it offers well-proportioned accommodation and excellent potential for improvement.
The overall condition indicates that a medium-scale refurbishment is needed, with estimated costs ranging from £40,000 to £80,000. However, all-in costs, when combined with the purchase price, seem tight against local benchmarks. This presents a challenge for the economics of the investment, as the potential all-in cost of around £240,000 is slightly above the implied current local average value. Still, the favorable location in south Manchester, along with the space and layout of the property, provides a solid foundation for a project buyer eager to modernize and increase the property's value.
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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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