Kepple Road, Chorlton-cum-Hardy
Edward Mellor house SOLD

Kepple Road, Chorlton-cum-Hardy, Greater Manchester, M21

£380,000 Score 4.0/10

Description

Three self-contained flats producing income

20 Keppel Road, Chorlton-cum-Hardy, Manchester, M21 0AT

A substantial end-of-terrace Victorian property converted to provide a block of three self-contained flats, arranged over basement, ground, first and second floors.

The property extends to approximately 2,204 sq. ft. in total and is currently producing an approximate rental income of £30,000 per annum, offering a turnkey investment opportunity with scope for active asset management to improve the rental income and add further value to the building.

The accommodation is arranged as follows:

A number of chamber rooms providing additional space/storage. This area may offer potential for future reconfiguration or conversion to create an additional unit, subject to the necessary planning permission, building regulations, licensing requirements and all other relevant consents.

Entrance hall, living room, bedroom, kitchen and bathroom.

Living room, bedroom, kitchen and bathroom.

Bedroom/living space, kitchen and bathroom.

The property is situated in Chorlton-cum-Hardy, one of South Manchester's most popular and established rental locations. The area has seen significant demand and popularity over recent years, supported by local amenities, independent shops, bars, restaurants, schools and transport links, including Metrolink connections into Manchester city centre.

Tenant-ready rental values in the area are understood to be in the region of £2,520 per month, equating to approximately £30,240 per annum, highlighting the potential to increase income subject to condition, tenancy arrangements, market demand and any required works.

Recent nearby Land Registry sales indicate strong demand for similar period properties in the area, supporting the property's longer-term investment potential.

Opportunities

  • Freehold
  • Development potential
  • 7.9% GIY
  • Producing £30,000 pa

Lot details

  • 3 bedroom

Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.