Auction Property 4 Bed House Of Multiple Occupancy 

Edge Lane, Droylsden, Manchester

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Features

  • Auction Date: 21st & 22nd April 2021
  • Four-bedroom income producing HMO
  • Accommodation over two storeys
  • Currently partially occupied
  • Potential total income of £22,200 per annum
  • Potential gross yield of 13.62%
  • Close to Manchester city centre
  • Popular residential area
  • Excellent transport links
  • Freehold

Quick Details

4 Bedrooms

Address

520 Edge LaneDroylsdenManchesterLancashireM43 6JQ
Details
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Property Details

•For Sale By Online Auction: 21st & 22nd April 2021
•Guide Price: £163,000+
•Four-bedroom HMO
•Income producing investment
•Close to Manchester city centre
•Freehold

•For Sale By Online Auction: 21st & 22nd April 2021
•Guide Price: £163,000+
•Four-bedroom HMO
•Income producing investment
•Close to Manchester city centre
•Freehold

The property is conveniently located within a popular residential area in Droylsden, close to a range of amenities and transport links. Manchester city centre is approximately 3.6 miles from the property, and approximately one mile to Etihad Stadium.

This four-bedroom semi-detached HMO comprises accommodation over two storeys. Ground floor accommodation includes entrance hall leading to two bedrooms, kitchen and stairs to first floor. Accommodation to the first floor comprises landing, a further two bedrooms and two bathrooms. The property also benefits gated rear pedestrian access.

Accommodation

Approx. 86 Sq. M / 925.7 Sq. Ft
(Measurement taken from the EPC)

Investment Analysis

This property is currently partially occupied, with a potential total income of £1,850 pcm (£22,200 per annum), which reflects a potential gross yield of 13.62%, based on the guide price.

Services

We understand the property has mains electricity, water, and drainage. However, interested parties should carry out their own investigations.

Tenure

Freehold

Guide Price

£163,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT.

Viewings

Please contact a member of John Pye Property on 0115 970 6060 or email [email protected] to arrange an appointment.

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