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4 bedroom town house for sale
1 - 15 The Mews, Rowsley Grove, Stockport SK5 7FS
£1,600,000
1 - 15 The Mews, Rowsley Grove, Stockport SK5 7FS
£1,600,000
Our Summary
- Rowsley Grove in Stockport presents a valuable investment opportunity, with a convenient location, suitable property type, and potential for higher rental income
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 3
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
This is a portfolio of eight fully let residential townhouses in Stockport, which is returning a yield of 7.8% per annum. Each property has a valuation of £300,000, giving a gross development value of £2.4 million. The properties are three-storey, four-bedroom townhouses with a convenient location, suitable property type, and potential for higher rental income. The area is expected to see an increase in property values over the next three years, providing a lucrative return on investment. The properties are let on ASTs at £1,300 per calendar month, and prospective buyers are advised to make independent enquiries prior to placing a bid.