0 bed Studio (for sale) Park Road, Swinton, Salford M6

£1,050,000
Add to Basket Basket Looks Interesting
agent logo
Philip James Partnership
293 Deansgate, Manchester
0161 937 6501
First Published

31st Aug 2018

Last Published

1st Sep 2018

 

Features

  • Type: Studio
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

***investment opportunity - block of flats***

Located in Swinton is this development of nine apartments. Constructed circa 2009 the apartments are modern and spacious.
Located just outside the city centre, there is excellent access to all commuter links to Manchester City Centre and the M602.
There are 3 x 1 bed and 6 x 2 bedroom apartments. Each property comes with a parking space!
Having enjoyed a 100% occupancy rate over the last five years, the current rental income is £63,840pa. The building is freehold.

Call the sales team for further information.

Philip James Manchester are delighted to bring you a rare opportunity to acquire a whole block of apartments with the freehold situated just outside Manchester City Centre!
Located in Swinton is this development of nine self contained apartments. Constructed circa 2009 the apartments are modern and all of good size. There is excellent access to all commuter links to Manchester City Centre and the M602. There are 1 x 1 bed and 2 x 2 bedroom apartments on each floor. Each property comes with a parking space. The current rental income is £63,500.00pa. The building is freehold and of course has the option to be separated and sold individually in the future, potentially increasing the overall return.
Call today to arrange a viewing.

Development

48 Park Road is a development of nine apartments over three floors located on a residential street close to all major transport routes in and out of Manchester City Centre including the M602 leading to the M62 and M60. The development is also not far from the Metrolink stop at Eccles making it an ideal location for those wanting easy access into Manchester but have the quiet location of Park Road.

Communal Areas

The development is accessed from the rear car park and there are stairs to all floors. The entrance vestibule houses the postboxes.

Hallway

Access via hardwood front door with intercom entry phone, radiator, cupboard housing electrics, doors radiating to:-

Apartment 1

1 Bedroom apartment - current rent £575pcm - current tenancy ends Oct 18

Apartment 2

2 Bedroom apartment - current rent £595pcm - current tenancy ends Sept 18

Apartment 3

2 Bedroom apartment - current rent £650pcm - current tenancy ends Jun 19

Apartment 4

1 Bedroom apartment - current rent £575pcm - current tenancy ends on July 18

Apartment 5

2 Bedroom apartment - current rent £600pcm - current tenancy ends on Sept 18

Apartment 6

2 Bedroom apartment - current rent £575pcm - current tenancy ends April 19

Apartment 7

1 Bedroom apartment - current rent £550pcm - current tenancy ends July 18

Apartment 8

2 Bedroom apartment - current rent £600pcm - current tenancy ends March 19

Apartment 9

2 Bedroom apartment - current rent £575pcm - current tenancy ends Dec 18

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. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

 

Local info for M6

 

Property Value Data/Graphs for M6

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 30.9% £155,643 3 1.3
Semi-detached house 25.6% £221,323 3.4 1
Flat 19.1% £117,886 1.7 1.2
Studio 8.1% £102,748 0.1 1.1
Other 8.1% £164,247 2.8 1.5
Detached house 4.1% £356,500 4.4 1.6
End terrace house 1.6% £227,500 3 1.5
Mews house 1.2% £138,317 2.3 0.7
Maisonette 0.4% £90,000 1 1
Town house 0.4% £150,000 2 1
Detached bungalow 0.4% £300,000 3 0

Area Information

Average Price Paid

£144,654

Sales

2562

Current Average Value

£171,068

Value Change

£26,414 18.3%

 

Current Asking Prices in M6 Average: £171,068

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £112,499 (4) £130,546 (40) £182,958 (89) £249,074 (27) £297,846 (13)
Flats £100,814 (24) £104,218 (16) £192,950 (8) - -
All £102,483 (28) £123,023 (56) £183,782 (97) £249,074 (27) £297,846 (13)

Nearby Properties

2 bed End terrace house () Gill Street, Portwood, Stockport, Cheshire SK1 £125,000
1 bed Flat () Quay 5, Ordsall Lane, Salford M5 £114,995
2 bed Terraced house () Bolton Old Road, Atherton, Manchester, Greater Manchester M46 £90,000
3 bed Bungalow () Greencourt Drive, Little Hulton, Manchester, Greater Manchester M38 £180,000
3 bed Semi-detached house () Madams Wood Road, Worsley, Manchester, Greater Manchester M28 £180,000
Property information powered by Zoopla