Lakeside Avenue

28 Lakeside Avenue, Ashton-under-Lyne – Investment Opportunity

Guide Price: £150,000 (Freehold – end-terrace, in need of full refurbishment)

Property Layout

• Ground Floor: two reception rooms; kitchen; rear out-building
• First Floor: two double bedrooms; fully fitted bath/shower room plus separate WC; additional separate WC
• Outside: front garden with side access; lawned rear and front garden
• Tenure: Freehold – end-terrace offering good value and upside potential

Local Market Context

• Historic sale prices on Lakeside Avenue range widely: e.g., £116,500 in Feb 2020 for No.28, and £175,000 in Aug 2023 for the same property.
• Current average values in OL7 9HJ approx £167,500–£180,000.
• Wider Ashton market: two-bedroom end-terraces selling typically between £130,000–£190,000 when renovated; well-presented examples up to £200k+

Refurbishment & Exit Valuation

Estimating a full refurbishment (including kitchen, bathroom, electrics, heating, decoration, flooring, and garden tidy) might cost £20,000–£30,000.

Upon completion, conservative valuation:

• Refurbished value: £170,000–£180,000 (some comparables achieving up to £190k)
• Comparable property sales: click HERE
• Post-refurb sale price potential: £180,000

Estimated profit margin:

• Purchase: £150,000
• Refurb costs: £20,000
• Total cost: £170,000
• Sale value: £180,000 → Profit £10,000
  More optimistically, if sold at £185–£190k: profit of £15k–£20k.

Rental Income Potential

Local rents for refurbished two-bedroom end-terraces typically fall between £900 and £1,000 pcm.

• Estimate rental income: £950 pcm → £11,400 per annum
• With a total investment of £170k, this suggests a gross rental yield around 6.7% pa — in line with Lakeside Avenue average yields (6.2–6.7%).

Investment Summary Snapshot

A Fixer-Upper With Huge Potential 

An end-terrace freehold on Lakeside Avenue, ideal for investors or first-time buyers prepared to refurbish. Internally requiring complete renovation throughout, this traditional two-bedroom home benefits from two reception rooms, a kitchen, an outbuilding, two WCs, front and rear gardens. Once refreshed to modern standards, comparable properties are achieving sale prices of £170k–£190k or commanding rental incomes around £950 pcm.

Location Strengths 

Situated within postcode OL7 9HJ, where recent transacted values for similar houses average around £170k–£180k. Well-renovated two-bedroom homes in Ashton-under-Lyne regularly attract strong demand from tenants paying £900–£1,000 pcm and buyers seeking affordable investment or starter homes.

Call to Action

An ideal opportunity for developers or small-scale investors: buy at £150k, invest approximately £20k, and unlock either short-term refurbishment profits or a steady rental income stream with strong long-term yield. Contact now for viewing arrangements.

Get in touch with the team