3 bedroom semi-detached house

TO BE SOLD UNDER AUCTION TERMS ON 24TH JULY 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS

56, Norwood Road, Stretford, Manchester, M32 8PW

Are you looking for your next project? Or are you looking for a property where you can create your forever home? Or potentially a large HMO – 5 or maybe 7 bedrooms STPP.

Look no further than this semi-detached home which offers a cellar with two rooms, two reception rooms and a kitchen on the ground floor, two large double bedrooms and a bathrooms as well as a further room on the second floor.

This is an amazing 3-bedroom home with two reception rooms which would could sell for north of £600,000 depending on what level of renovation is carried out. If a compliant HMO, then maybe more. Rental values within the area could range from £3000pcm for a 4 bedroom house or £650pcm per room for a HMO. If you achieved planning for a 7 bed HMO then you could be looking at £54,000 plus a year.

The owner has supplied drawings to show how you could create a 5,6 or a 7 bedroom HMO with this property - subject to planning approval.

Located in the vibrant and well-connected area of Stretford, this property on Norwood Avenue offers an exceptional opportunity for developers looking to convert into a lucrative HMO. Just a stone's throw away from the thriving Stretford Mall, residents will have access to a range of shopping, dining, and leisure options. The property benefits from excellent transport links, with Stretford Metrolink station providing quick and easy access to Manchester city centre and surrounding areas, making it highly attractive to both students and young professionals. The proximity to major road networks, including the M60 motorway, further enhances connectivity. Additionally, the area is undergoing exciting regeneration projects, promising future growth and value appreciation. With its strategic location near educational institutions and business hubs, this property is poised to deliver high occupancy rates and strong rental returns for savvy investors.

Here are a handful of similar properties which have sold close by:

46, Norwood Road, Stretford, Manchester, M32 8PW -Semi-Detached - £735,000 -13 Oct 2023

38, Norwood Road, Stretford, Manchester, M32 8PW - Semi-Detached - £730,000- 8 Apr 2022

51, Edge Lane, Manchester, M21 9JU - 4 bed, Semi-Detached - £722,750  - 14 Jul 2022