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Rishworth Drive, New Moston, Manchester M40 - Image 1
Rishworth Drive, New Moston, Manchester M40 - Image 2
Rishworth Drive, New Moston, Manchester M40 - Image 3

Rishworth Drive, New Moston, Manchester M40

North West

£190,000
Listed on 26/03/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
632 sqft

Description

This chain-free true bungalow offers a generous two-bedroom layout situated on a peaceful cul-de-sac in the desirable New Moston area. While some modernization is needed, the property presents an excellent opportunity for enhancement, with ample potential for extensions or dormer additions (subject to obtaining the necessary planning permissions). Currently, it features two spacious double bedrooms, a light-filled lounge, a modern kitchen, and separate facilities including a shower room and toilet. The exterior boasts a gated driveway alongside an uncrowded front garden and an expansive rear garden that ensures privacy. The location is advantageous with Manchester city centre approximately 5 miles away and just a short walk to the Failsworth Metrolink tram stop. The M60 motorway is also conveniently accessible for broader travel across the North West region. Local amenities such as shops, supermarkets, and schools are within walking distance, making this property not only a comfortable home but also a viable investment opportunity.

Investment Analysis

(M40 area)

Above Market Value

This property is priced +22.4% above area average per sq ft

+22.4%
This Property
£301/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£271
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£170,776
10% above area average per sq ft
Potential ROI
-25.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (M40)

Area prices are rising by +7.6% over the last 12 months
3 year growth: +9.3%
5 year growth: +37.7%
Investment Disclaimer: Analysis based on M40 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rishworth Drive, New Moston, Manchester M40
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 over 30 years at 4.06% interest

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.

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