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Central Road, West Didsbury, Manchester

£750,000

Bedrooms: 5 Bathrooms: 5



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  • Description
  • Floorplans
  • Map
  • EPC
  • Key Features

    • Investment Property
    • Five Apartments
    • Fully Let 5.1% Yield
    • Well Presented Throughout
    • Modern Kitchen & Bathrooms
    • Unconverted Cellar
    • Fashionable West Didsbury
    • No Chain

    Overview

    *** INVESTMENT PROPERTY ***
    A VICTORIAN semi detached which has been CONVERTED and EXTENDED, creating FIVE x ONE bedroom APARTMENTS, which are FULLY LET and currently generating a 5.1% YIELD. The development is located within FASHIONABLE WEST DIDSBURY VILLAGE and is offered for sale with NO CHAIN. Each apartment has accommodation consisting of entrance hallways, living rooms with separate kitchens, well proportioned bedrooms served by modern bathrooms. The cellars are unconverted and have the potential to be further developed.

    Property Summary

    39 Central Road is an attractive Victorian semi detached which is split into five individual one bedroom apartments. The apartments are fully let and currently generate £38,280 income per annum which represents a 5.1% yield, but we estimate the current market rental value to be £39,300 per annum. The property has full cellars which have not been converted and currently offer useful storage, but could be potentially converted into additional living accommodation subject to the necessary permissions.

    Apartment One

    Apartment One is positioned on the ground floor and is currently let at £640 PCM and with an individual value of £150,000. The accommodation reveals an entrance hallway with access through to a living room which has a bay window overlooking the frontage. There is a separate kitchen to the rear, and a well proportioned double bedroom which is served by a modern bathroom.

    Apartment Two

    Apartment Two is currently let for £645 PCM and has an individual value of £150,000. This apartment is positioned at the rear of the development, and has a private entrance which leads into the hallway. There is a living room and a separate modern kitchen. Accessed from the hallway is a well proportioned double bedroom, served by a bathroom.

    Apartment Three

    Apartment Three is positioned on the first floor at the rear of the development. This apartment is currently let for £640 PCM and has an individual value of £150,000. The accommodation consists of a hallway, with access to a living room, and a separate modern kitchen. Accessed from the hallway is a well proportioned double bedroom, served by a bathroom.

    Apartment Four

    Apartment Four is positioned on the first floor and is currently let for £640 PCM and has an individual value of £150,000. The accommodation consists of an entrance hallway with access through to a living room, which has a bay window and access to the kitchen. There is one well proportioned double bedroom, served by a modern bathroom.

    Apartment Five

    Apartment Five is on the top floor and is currently let for £625 PCM and has an individual value of £150,000. The accommodation consists of an entrance hallway with useful cloaks storage. There is access through to a living room which has a Velux window, and window to the side elevation., There is a separate kitchen, and a well proportioned double bedroom, served by a modern bathroom.