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THIS PROPERTY IS NO LONGER AVAILABLE

Residential Developmen Development property For Auction
Prospect Street, Tyldesley, Manchester, Greater Manchester, M29

£135,000
Starting Bid
  • Property at Prospect Street, Tyldesley, Manchester, Greater Manchester
  • Property at Prospect Street, Tyldesley, Manchester, Greater Manchester
  • Property at Prospect Street, Tyldesley, Manchester, Greater Manchester
  • Property at Prospect Street, Tyldesley, Manchester, Greater Manchester
  • Property at Prospect Street, Tyldesley, Manchester, Greater Manchester

Key Features

  • TO BE SOLD UNDER AUCTION TERMS
  • RESIDENTIAL DEVELOPMENT
  • PLANNING FOR 2 X TERRACED HOUSE
  • GREAT POTENTIAL YEILD FOR ROOM LETS
  • DISIRABLE LOCATION

Full Description

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TO BE SOLD BY ONLINE AUCTION ON 23 RD APRIL 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS AND CONDITIONS

20, Prospect Street, Tyldesley, Manchester, M29 8SU

A fantastic development opportunity in the heart of Tyldesley, this property offers a blank canvas for investors and developers. Currently a shell, planning permission has been granted for the creation of two terraced homes?one two-bedroom and one three-bedroom?allowing for a lucrative project with strong demand in the area. Planning ref - A/23/95449/CU

Situated in a convenient location close to local amenities, transport links, and schools, this is an exciting prospect for those looking to add value and create sought-after homes or for a profitable resale. Don't miss out on this chance to secure a prime investment.

Here are some similar two and three bedroomed properties taken from Land Registry which have sold close by that highlight the potential:

15, Lever Street, Manchester, M29 8BL- Sold - 26/09/2024 £149,950 Terraced 2 beds 0.08 mi

25, Johnson Street, Manchester, M29 8AB-Sold - 19/04/2024 £153,000 Terraced 3 beds 0.20 mi

22, East Street, Manchester, M46 9AU- Sold - 23/04/2024 £142,000 Terraced 2 beds 0.24 mi

Two and three bedroomed properties rental values in the area are in the region of £800 - £900 pcm. With the current planning permissions, the property has potential for 5-7 room lets and current values in the area are in the region of £600 per room presenting the potential to generate an excellent yield based on the guide price.

Important Information

  • Tenure: Leasehold
  • Years Remaining on the Lease: 872
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Floorplan for Prospect Street, Tyldesley, Manchester, Greater Manchester

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