TO BE SOLD BY ONLINE AUCTION ON 26th MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS AND CONDITIONS
22, Holyrood Road, Prestwich, Manchester, M25 1PD
Not inspected by Edward Mellor but reported to comprise; hallway, through lounge diner, kitchen, three bedrooms and a bathroom. Front and rear gardens and driveway. The property is currently tenanted, please respect their privacy.
Ideal for investors looking to acquire a tenanted asset in a sought-after location. The property is currently tenanted with a long-standing tenant in situ generating an income of £685pcm/£8,220pa on a rolling contract with the potential to increase closer to current market value. Tenant ready property rental values in the area are in the region of £1200 pcm presenting an opportunity to achieve an impressive yield over 10%, based on todays guide.
Located in a popular area, this property benefits from strong rental demand due to its proximity to Manchester city centre, excellent transport links, and a range of amenities. The area is well-served by schools, shops, and leisure facilities, making it a desirable location for both tenants and homeowners. With property values and rental yields remaining strong, this presents an excellent opportunity for investors looking for long-term growth and steady rental income.
Here are some similar properties taken from Land Registry which have sold close by, highlighting the potential:
156, Heys Road, M25 1QL- Sold - 08/11/2024 £344,000 Semi-Detached 3 beds 0.07 mi
11, Willingdon Drive, M25 1PA-Sold - 05/09/2024 £272,000 Semi-Detached 3 beds 0.03 mi
28, Merton Road, M25 1PN- Sold - 19/01/2024 £275,000 Semi-Detached 3 beds 0.08 mi
Tenant ready property rental values in the area are in the region of £1200pcm.
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
