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Derwent Road, Middleton, Manchester M24

North West

£70,000
Listed on 11/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace house presents a compelling opportunity for investors and those looking to create their dream home. While the property is currently in need of modernisation, it offers significant potential for refurbishment and expansion, particularly with extension possibilities subject to obtaining the necessary permissions. The rear garden adds outdoor space that can be developed further to enhance the overall appeal. Located within a well-connected area of Middleton, this property is conveniently situated near local amenities and recreational parks, making it ideal for families or commuters. The home boasts an open-plan reception area on the ground floor alongside a kitchen, while the first floor comprises two bedrooms and a bathroom. As it stands vacant, it is ready for immediate renovation efforts.

Investment Analysis

(M24 area)
Area Average
£251/sq ft
Avg Rent (weekly)
£241
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (M24)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +8.3%
5 year growth: +24.6%
Investment Disclaimer: Analysis based on M24 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

Derwent Road, Middleton, Manchester M24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£250
Based on a loan of £52,500 over 30 years at 3.97% 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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