Discover a prime investment opportunity in Manchester, offering strong rental yields of 7% and potential capital appreciation through modernisation. This spacious 3-bedroom terraced property spans 75 sqm and provides a fantastic chance to add value with an estimated refurbishment cost of £30,000.

Key Features:
- Generously sized rooms
- Potential to add £50,000 in equity post-refurbishment
- Below area average purchase price
- Great rental location benefiting from Manchester’s growing market
- Double glazing installed post-2002
- EPC rating upgrade potential from D (58) to B (82)

Investment Highlights:
- Situated in a thriving area with excellent transport links, just 11 minutes by car to Manchester City Centre. Fantastic rental locaiton.
- Supported by significant ongoing regeneration projects and strong rental demand in Manchester.
- Ultrafast broadband availability enhances tenant appeal.
- Comparable refurbished properties in the area have achieved values of over £270,000

Our Concierge Service:
Upon reservation, we provide an end-to-end portfolio-building service, including property sourcing, legal oversight, project-managed refurbishments, and seamless handover to a letting or managing agent. Our local experts assess properties and ensure all costs and ROI projections are transparent, giving you confidence in your investment.

The financials:
▪ Purchase price: £220,000
▪ Refurb costs: £30,000
▪ GDV: £270,000
▪ Annual profit: £2,800
▪ ROCE: 4%
▪ Gross yield: 7%

▪ Total investment required: £112,488
▪ Money left in deal after refinance: £75,000
▪ Locked-In Equity: £67,500

Act quickly to secure this high-potential property in Manchester's robust property market.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.