This property presents a prime investment opportunity situated in a desirable residential area of Manchester, known for its consistent demand among buyers and renters. The layout includes a welcoming hallway, a lounge, a dining area, a kitchen, a convenient downstairs WC, utility space, three bedrooms, and a family bathroom. Being positioned on a generous corner plot with parking enhances its appeal further. Importantly, the vendor has assured that the property will be cleared prior to completion.
Significantly, this home comes with planning permission (ref - FUL/352967/24) that allows for the retention of the existing house while enabling the construction of an additional detached building containing two self-contained flats. This flexibility creates substantial potential for investors looking to refurbish for resale or develop into multiple rental units.
The property does require considerable renovation due to fire damage sustained on the first floor, thus providing a clear opportunity to increase its value post-refurbishment.
Market estimates suggest that each newly created flat could generate upwards of £120,000 upon completion, combined with strong rental values ranging from £900 to £1,000 per flat monthly and between £1,100 and £1,200 for the house itself. This could lead to an impressive total annual income exceeding £35,000 when fully tenanted.
Located within easy reach of local amenities and transport links into Manchester city center further enhances its attractiveness as an investment. The ongoing demand in this area underscores its potential as both a refurbishment project and long-term investment opportunity.
