TO BE SOLD BY ONLINE AUCTION ON 13TH NOVEMBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
Apartment 3, 57, Kersal Road, Prestwich, Manchester, M25 9SN
Tenanted not inspected by Edward Mellor but reported to comprise open plan lounge/ diner/kitchen, one bedroom and bathroom. Let on a 12-month fixed term starting from November 2023 at £750pcm. The tenants have expressed a desire to remain in situ. Photos provided by vendor.
A converted period property with many original features and a modern finish located in a popular area of Prestwich, Manchester.
The location offers excellent connectivity, with Manchester City Centre with Metrolink stations a short drive away in Prestwich Village and Heaton Park, offering convenient public transport options. Additionally, the motorway network is easily reached via Whitefield and Rhodes in Middleton, providing swift access to surrounding areas. This blend of local amenities and strong transport links makes the area highly desirable to invest in.
Here are a handful of similar properties which have sold close by which highlight the potential:
Flat 15, The Mount, Vine Street, Salford, M7 3NB- Sold - 10/05/2024 £110,000 Flat 1 beds 0.66 mi
Flat 20, The Mount, Vine Street, Salford, M7 3NB- Sold - 09/06/2023 £112,500 Flat 1 beds 0.66 mi
8, Thompson Court, 7, Giants Seat Grove, Manchester, M27 8BG Sold - 20/12/2023 £107,500 Flat 1 beds 0.79 mi
Rental values are in the region of £750pcm.
Whether you're a first-time landlord or looking to expand your portfolio, this is a fantastic opportunity to purchase a lucrative investment property with a strong return with over 11% yield based on todays guide price.
Ground rent - peppercorn
Service charge- £600 per annum / £50 per month
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
