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Former HSBC Bank, Market Street, Hyde, Tameside, SK14 2QW - Image 1
Former HSBC Bank, Market Street, Hyde, Tameside, SK14 2QW - Image 2
Former HSBC Bank, Market Street, Hyde, Tameside, SK14 2QW - Image 3

Former HSBC Bank, Market Street, Hyde, Tameside, SK14 2QW

North West

£225,000
Listed on 21/01/2026

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique investment opportunity as a prominent former bank building located in the bustling Hyde town centre. With vacant possession and approved planning permission for a mixed-use development, it is poised for transformation into a profitable asset. The plans include a ground floor commercial unit, two one-bedroom apartments, and an upscale two-bedroom penthouse, catering to both residential tenants and commercial operators alike. The building's spacious layout and distinctive character features allow for potential alternative configurations, such as transforming the space into an HMO or co-living arrangement, given the necessary planning approvals. This flexibility enhances its attractiveness to developers and investors looking to capitalize on the strong rental demand in the area, particularly due to its proximity to Manchester and essential amenities. Hyde's vibrant community ensures consistent interest in rental properties, making this site an excellent choice for generating return on investment through refurbishment or redevelopment efforts. With planning already secured, this property represents a rare chance to acquire a freehold building with both immediate scope for development and long-term potential.

Investment Analysis

(SK14 area)
Area Average
£254/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
62%
Properties sold annually

Local Market Trend (SK14)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 10.1%
5 year growth: 30.6%
Investment Disclaimer: Analysis based on SK14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Former HSBC Bank, Market Street, Hyde, Tameside, SK14 2QW
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£811
Based on a loan of £168,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE