This property presents a unique opportunity for savvy investors looking to tap into the growing demand for housing in Manchester. Located in a sought-after residential area, this three-bedroom home features a well-thought-out layout that includes a hallway, lounge, dining room, kitchen, downstairs WC, utility room, and a bathroom. The property occupies a generous corner plot with ample parking space.
Significantly, the house has been granted planning permission (ref - FUL/352967/24) for development which allows the retention of the existing structure while adding two self-contained flats in a new detached building. This offers various exit strategies for potential developers—whether through refurbishment and resale of the entire property or pursuing the lucrative rental market with three units.
Following fire damage to the first floor, the existing dwelling requires substantial renovation work. However, this presents an excellent value-add opportunity with projections indicating that completed flats could fetch around £120,000 each. Additionally, expected rental yields are strong at approximately £900–£1,000 per month per flat and up to £1,200 for the house itself. When fully operational, this setup could deliver an annual income exceeding £35,000.
Situated close to essential amenities, schools and transport links into Manchester city centre only heightens its appeal in an area known for its robust buyer and tenant interest.
