Terraced house for sale in Pole Lane, Failsworth, Manchester M35

Pole Lane, Failsworth M35 9Pb

Yieldit are delighted to present an unmissable development opportunity for investors. This substantial and ideally situated property comes with planning permission in place for a single storey extension and approval to be turned into an 8-bedroom HMO, with market rate rents in this area on the region of £650pcm per room.

Spread across three storeys the property boasts original features and flexible accommodation throughout. The ground floor consisting of; entrance hallway; front reception room with bay window; spacious lounge to the back; large modern kitchen; utility room and access to the enclosed rear yard.. To the first floor are three bedrooms and the family bathroom, up a further set of stairs to the second floor is an additional two double bedrooms with fitted wardrobes. Off road parking is available to the rear of the property.

Pole Lane is an ideal residential location to invest and properties within the area are in high demand on both the rental and sales market. A few moments from the property you will find a Tesco superstore, Aldi, kfc and a selection of other shops and other necessary everyday amenities. Transport links are fantastic being just a 10-minute stroll to the Metrolink stop and well served by bus routes, which is ideal for those commuting into Manchester city centre which is just 4 miles away.

Greater Manchester consistently sits among the highest performing cities in Europe and its population is ever increasing meaning there is a continuous demand for good quality rental accommodation, making this property an excellent candidate for investment. The city attracts a high number of young professionals thanks to the lifestyle, employment opportunities and educational facilities that it has on offer. Savills predicts average property prices in the North West region will grow by 18.8% by 2026, so there hasn’t ever been a better time to invest. Enquire early to avoid disappointment.

Financial Breakdown

Gross Rent: £0.00
Net income: £-15.00
Gross yield: 0%
Net yield: -0.01%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07845