House For Sale £195,000
- Prime Property Auctions is excited to present an Attractively Priced Vacant 3 Bedroom End-Terraced House with 2 cellars and large plot of land located in the popular location within Failsworth, Manchester. Freehold property, priced to sell.
- *** 10, Norfolk Crescent, Failsworth, Manchester, Greater Manchester M35 0WG previously sold for £323,000 in April 2022,14, Alan Avenue, Failsworth, Manchester, Greater Manchester M35 0PS previously sold for £297,500 in June 2022 ***
- Property could achieve £1,400/month in rent, providing an exceptional investment opportunity for a shrewd investor. This gives the property a massive 8-9% Yield based on an opening bid of £195,000 for excellent rental stock. Priced to sell.
- Sure to appeal to shrewd buy to let investor looking for a great investment opportunity or a first-time buyer. Property has excellent potential with a large garden area and 2 storage cellars.
- Property benefits from Gas central heating, Double Glazing and comes with an EPC rating of D which future proofs against incoming energy efficiency legislation.
Prime Property Auctions is excited to present an Attractively Priced Vacant 3 Bedroom End-Terraced House with 2 cellars & large plot of land located in the popular location within Failsworth, Manchester. Freehold property, priced to sell.
Property comprises of a ground and first floor. The property comprises of a spacious living room, large well-equipped kitchen and large separate dining room. Upstairs, we find 3 double bedrooms with ample storage throughout and a well-equipped three-piece family bathroom that could use a face-lift. Externally, the property has a garden to the rear. Ample on street parking is available to the front of the property.
The property is also sold with a large plot of land to the side of the house (on a separate title) which could be used for a variety of different purposes subject to gaining the necessary planning permissions.
Property could achieve £1,400/month in rent, providing an exceptional investment opportunity for a shrewd investor. This gives the property a massive 8-9% Yield based on an opening bid of £195,000 for excellent rental stock. Priced to sell.
Property could be converted into a HMO with the conversion of the dining room into another bedroom which could bring the monthly return £2,400/month, giving the property an impressive yield of 14-15%.
With the property having main door access, it could lend itself to use as a short-term rental for contractors and tourists, subject to necessary permission from local authorities. Property could command a nightly rate of £120 which gives it an annual income of over £34,560 based on 80% occupancy.
Property benefits from Gas central heating, Double Glazing and comes with an EPC rating of D which future-proofs against incoming energy efficiency legislation.
The property is offered at a discount to ensure a fast sale at auction. There is fantastic sales evidence with similar properties selling for much higher:
*** 10, Norfolk Crescent, Failsworth, Manchester, Greater Manchester M35 0WG previously sold for £323,000 in April 2022,14, Alan Avenue, Failsworth, Manchester, Greater Manchester M35 0PS previously sold for £297,500 in June 2022 ***
Property is due to go to auction for our upcoming timed online event. Be sure to register to not miss out. Should you wish to make an immediate offer you can do so. Please contact the team to discuss how to make an offer today.
Location:
Enjoying pleasant views and within easy reach of village amenities with bus-stops available right outside with local pubs within walking distance. There are popular outdoor spots within 1 mile with Crime Lake and Daisy Nook Country Park nearby and there is easy access available into Failsworth with well-regarded primary and secondary schools within easy reach as well.
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