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Prospect Street, Tyldesley, Manchester Residential development for sale
Prospect Street, Tyldesley, Manchester
£140,000
Prospect Street, Tyldesley, Manchester
£140,000
Our Summary
- TO BE SOLD BY ONLINE AUCTION ON 23 RD APRIL 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS AND CONDITIONS
- A fantastic development opportunity in the heart of Tyldesley, this property offers a blank canvas for investors and developers
- Currently a shell, planning permission has been granted for the creation of two terraced homes—one two-bedroom and one three-bedroom—allowing for a lucrative project with strong demand in the area
- Planning ref - A/23/95449/CU
- Here are some similar two and three bedroomed properties taken from Land Registry which have sold close by that highlight the potential:
- With the current planning permissions, the property has potential for 5-7 room lets and current values in the area are in the region of £600 per room presenting the potential to generate an excellent yield based on the guide price
- Great potential yeild for room lets
- Planning for 2 x terraced house
- To be sold under auction terms
Description
This property, located on Prospect Street in Tyldesley, Manchester, presents a fantastic development opportunity for investors and developers. With planning permission granted for the creation of two terraced homes, one two-bedroom and one three-bedroom, this blank canvas offers a lucrative project with strong demand in the area. Situated in a convenient location close to local amenities, transport links, and schools, this property has the potential to be transformed into sought-after homes or resold for a profit. Similar properties in the area have recently sold for between £142,000 and £153,000, and with the potential for 5-7 room lets, this property could generate an excellent yield based on the guide price.