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19 bedroom terraced house for sale
Granville Road, Fallowfield, M14
£1,150,000
Granville Road, Fallowfield, M14
£1,150,000
Our Summary
- Prime Development Opportunity
Description
This fantastic development opportunity in Fallowfield Village, Manchester, consists of two four-storey Victorian mansion terraces converted into eight self-contained apartments, generating a combined yearly rental income of £102,600, representing a yield of 8.9%. The property is centrally located, with easy access to Manchester city centre and universities, and is offered for sale with no onward chain. The development is split into eight flats, each with its own unique layout, including three, four, and two-bedroom configurations, with shared gardens and gated parking for several cars. Currently, all flats are let out, achieving a rental income of £8,550 per month. With a total floor area of approximately 4,295 square feet, this is an excellent opportunity for investors or developers to capitalize on the growing demand for rental properties in the area.