This property has been taken off the market.

1 Bed Flat For Sale Old School Drive, Manchester, M9

£62,000- Flat

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 28th March 2024

Description

TO BE SOLD BY ONLINE AUCTION ON 24 TH APRIL 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

*** Flat 20 Old School Court, Old School Drive M9 8DR ***

Vacant second floor modern apartment comprising; intercom entry, hallway, lounge, modern kitchen, one bedroom and bathroom. Communal gardens.

**** VIRTUAL VIEWING AVAILABLE ****

 

An excellent opportunity for a buy to let investor to take on a lucrative investment with similar flats in the area commanding in the region of £650-£700 pcm which equates to £8400 per annum, it offers an impressive 13.5% yield based on today’s guide.

 

The property is located in a popular area and with high demand and little available, it makes a promising buy to let investment. There is a wide range of shops and supermarkets nearby and the property is ideally placed for access to Manchester city centre and the M60/M62. It is also ideally placed for access to North Manchester General Hospital, Booth Hall Children’s Hospital, Boggart Hole Clough, and North Manchester Sixth Form College.

 

Here are a handful of similar sold properties which highlight the potential to be unlocked:

5 Gillford Avenue Manchester M9 4HD - Sold - 11/05/2023 £102,000 Flat 1 beds 0.96 mi

28 Coppleridge Drive Manchester M8 4PB - Sold - 09/03/2023 £80,105 Flat 1 beds 0.87 mi

Apartment 3 73 Old Market Street Manchester M9 8DX- Sold - 19/06/2023 £98,000 Flat 2 beds 0.06 mi

Rental values in the area are in the region of £650-£700 PCM. Epc rated- E

Agent Details
Edward Mellor Ltd
65-81 St Petersgate, Stockport SK1 1DS

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested