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North West
£220,000
Listed on 15/10/2026
Listed on 15/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom terraced house in the desirable village of Mickle Trafford presents a compelling opportunity for those looking to invest in a property with potential. While the asking price of £220,000 is slightly below the local average at £304/sqf compared to £306/sqf, the overall renovation economics present a challenge. The property requires a medium scale of refurbishment, with costs estimated between £50,000 and £100,000, which brings the total investment to around £295,000. This figure is stretched against the local average implied value of £221,419, indicating a 24.9% deficit in potential margin. Nevertheless, the property boasts a good location with a tranquil garden that backs onto open fields, providing a serene backdrop for outdoor enjoyment. With a dated interior offering ample scope for modernisation, this home serves as a blank canvas for buyers eager to make their mark.
Although the property shows signs of wear, particularly in the living room and kitchen, the solid exterior and good roof condition ensure a stable foundation for your renovation plans. This home’s generous living space and off-road parking only add to its appeal. Therefore, while the economics present a concern, the location and potential for improvement make this property a worthwhile consideration for first-time buyers or investors willing to take on the project.
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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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