Project Description

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Location
Four of the subject properties are located in and around the district of Little Hulton, which lies 10 miles North West of Manchester. Little Hulton is easily accessible via the main A6 dual carriageway or the Northern Trainline which runs every 30 minutes.

The other four properties are located  to the North and Northwest in the districts of Radcliffe, Whitefield, Eccles and Worsley. These locations are well serviced by the main M60 Motorway and the A56 dual carriageway.

All properties are relatively close by to each other, allowing for easy  management of the portfolio

Description
The properties are all tenanted on AST contracts. All of the tenants are long term, with no intention of moving. We are advised by the vendor that there have been no voids in recent years.

The properties are predominantly let to DSS tenants, with the rent being paid direct to landlord and guaranteed.

The vendor has advised that all the properties have been well maintained.

External viewings only.

Please note John Pye Property has not inspected any of the properties being sold.

Schedule of Accommodation

Address                                                                          Descripton                                             Size (sq.ft)     Rent (pcm)        Rent (pa)

Chedworth Crescent M38 9FE                                  Three Bedroom Terrace House              1184             £550                   £6,600

Chedworth Crescent M38 9FE                                  Four Bedroom Terrace House                1259            £731                    £8,772

Manchester Road East M38 9AN                             Three Bedroom Terrace House                 775           £550                    £6,600

Parkway Grove M38 0EY                                           Two Bedroom End Terrace House           883          £450                    £5,400

Poynter Walk OL1 4PA                                                Three Bedroom Terrace House               786           £495                    £5,940

Wythburn Road M24 5LR                                          Three Bedroom Terrace House               N/K          £518                     £6,216

Pendlebury Road M27 4BA                                        Two Bedroom Terrace House                  893           £519                      £6,228

Seddon Avenue M26 2QQ                                          Three Bedroom Semi Detached House  829          £450                     £5,400

Total         £4,263                    £51,156

According to experts this is what a broad section of the market want. High quality rental accommodation that caters to graduates, young professionals and also families are set to do incredibly well in Manchester. *

Manchester’s residential housing market has climbed from strength to strength in recent years. The city sits at the heart of the Northern Powerhouse and is in receipt of ongoing investment in infrastructure.  It still remains a strong contender for those seeking to protect capital and produce an income well above bank interest rates.

Predicted house price growth in Manchester for 2016-20 stands at 24.6% and rental income for the period is expected to rise by 22.8%. This provides an attractive investment for investors to the region. **

*   Source – JLL news release 04/02/2016
** Source – Manchester Evening News 24/06/2016

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

Various Private REsidences
Around North West Manchester

Features

✓ Eight individual houses
✓ Current yield 8.5%
✓ High yielding investment
✓ Current income £51,156
✓ All within close proximity
✓ Ready made investment
✓ Opportunity to increase rents
✓ Strong rental locations
✓ Good potential for capital growth.
✓ Predominantly DSS tenants
✓ Well maintained portfolio

Contact

Matt Kirk
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR306

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