9 bedroom semi-detached house for sale

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9 bedroom semi-detached house for sale

Portland Crescent, Manchester, Greater Manchester, M13
£1,100,000

Our Summary

  • Freehold Residential Investment opportunity, comprising 8 self contained apartments over 4 floors (4,271 sq ft)
  • The building has been well maintained but with further scope for refurbishment works and potential for reconfiguration to add additional bedrooms
  • The current rents do not all represent market rent andthere is further scope to improve the values

Description

This freehold residential investment property in the city centre offers a rare opportunity to acquire a well-maintained building with eight self-contained apartments spread across four floors. The apartments, which include a studio, six one-bedroom units, and one two-bedroom unit, have a total floor area of 4,271 square feet. The property features outdoor shared space and off-street car parking, and while it has been well maintained, there is scope for refurbishment and reconfiguration to increase its value. The current passing rent is £92,640 per annum, with all flats occupied by professional tenants, although the rents do not yet reflect market rates. With an estimated aggregate rental value of £97,380 per annum, there is significant potential to increase the yield through rent reviews and reconfiguring the property to take advantage of the high demand for short lets in the area.
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