This two bedroom mid terrace property requires modernisation and is suited to the investor or builder looking for a good return on investment or a profit for resale.To be sold by public auction on 13th March 2019
LOT 3
Finance is available on this lot, contact the auction team on 0161 443 4740 to find out more.
***** Please note our new venue: The Sheridan Suite, 371 Oldham Road, Manchester, M40 8RR *****
Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions.
You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.
Overview
This mid-terrace property is ideal for those looking for an investment or a property to renovate and make a return on. It requires modernisation but is the proverbial "doer upper" that can be brought back to life in a small timescale and ready to rent or sell on quickly. The location is handy for the transport links to Manchester, Stockport and beyond by rail, bus, road or motorway.
Living Room - 3.8 x 3.7 max (12'6" x 12
Dining Kitchen - 3.7 x 3.2 (12'2" x 10'6")
First Floor Landing
Main Bedroom - 3.8 x 3.7 max (12'6" x 12'2" max)
Second Bedroom - 3.6 x 2.1 (11'10" x 6'11")
Bathroom - 2.2 x 1.5 (7'3" x 4'11")
Cellar - 3.8 x 3.2 (12'6" x 10'6")
Externally
Pavement fronted, pleasant enclosed garden to rear.
Values
Property in this location has been selling at £125,000 since 2016, rental values are good with demand high with asking rents of £650-£695 per calendar month for two bedroom terrace properties. The expected yield therefore would be circa close to 7%
Notes
EPC rating: Currently F (32)
Possession
Vacant on completion
Who, When, Where?
Edward Mellor Auction, Wednesday 13th March 2019, THE BRAND NEW VENUE AT The Sheridan Suite, 371 Oldham Rd, Manchester M40 8RR
Important Notice
Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction. You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
