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Prospect Street, Tyldesley, Manchester Residential development for sale
Prospect Street, Tyldesley, Manchester
£135,000
Prospect Street, Tyldesley, Manchester
£135,000
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 in Tyldesley, Manchester, is a blank canvas waiting for a developer or investor to turn it into a lucrative project. Planning permission has been granted to create two terraced homes, one with two bedrooms and one with three bedrooms, offering strong demand in the area. Situated close to local amenities, transport links, and schools, this property presents an exciting opportunity to add value and create sought-after homes or for a profitable resale. Similar properties in the area have sold for £142,000 to £153,000, and with the current planning permissions, the property has potential for 5-7 room lets, generating an excellent yield based on the guide price.