Moorton Avenue, Manchester, Greater Manchester, M19

At £290,000, this Victorian semi is priced well below the local average per square foot, making it a strong acquisition point for someone looking for a substantial project. Its period character, two reception rooms, cellar, driveway and generous rear garden give the renovation plenty to work with, while the quiet cul-de-sac location and access to local amenities and transport add to its appeal.

The work is extensive: the kitchen and bathroom are in poor condition, finishes and flooring are tired, staining appears in several areas and the rear garden is heavily overgrown. The £45,000–£85,000 renovation range puts the midpoint all-in figure close to the implied local average value before fees, so the cheap entry price is a clear strength but the overall margin looks tight. This is being sold by modern auction; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.