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
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
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
Various Private REsidences
Around North West Manchester
✓ 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
Phone: 0115 970 6060
Our Ref: PR306