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Newgate Drive, Manchester M38

North West

£175,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
898 sqft

Description

This three-bedroom mid-terrace property offers a promising opportunity for buyers looking to invest in a home that requires modernisation. With no onward vendor chain, this freehold residence presents an attractive proposition for first-time buyers, families, or investors eager to enhance its value through updates. The interior includes a spacious lounge and a separate dining room that provides a perfect setting for both family gatherings and entertaining guests. The fitted kitchen gives access to the rear garden, which is ripe for transformation into a delightful outdoor space.

The first floor accommodates three generously sized bedrooms along with a family bathroom and an additional WC, catering well to contemporary family needs. Set in a desirable location close to schools, shops, and transport links, this property boasts both internal space and external potential that would benefit significantly from improvements. With the right vision, this home can be personalised extensively, making it ideal for those seeking to create their dream living environment.

Early viewings are encouraged to explore the extensive potential this property has to offer.

Investment analysis

(M38 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£195/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£277
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£218,156
10% above area average per sq ft
Potential ROI
+6.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (M38)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +8.7%
5 year growth: +50.0%
Investment Disclaimer: Analysis based on M38 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

Newgate Drive, Manchester M38
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£661
Based on a loan of £131,250 over 30 years at 4.45% 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.

Stamp duty calculator

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