2 bedroom terraced house

TO BE SOLD BY ONLINE AUCTION ON 11TH SEPTEMBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

52 Frederick Street, Denton M34 3JA

Let on a periodic tenancy from March 2020 now paying £700 per month. Comprising; lounge, dining room, kitchen, two bedrooms and bathroom. Front and rear yard.

An exceptional opportunity awaits to acquire an investment property with promising returns in a highly sought-after location.

Located within a short waking distance to Denton town centre it offers a wide range of amenities on the doorstep. There are local shops, supermarkets, leisure facilities and it is also on the cross roads of the A57 providing motorway links and public transport to Hyde, Ashton-under-Lyne, Stockport and Manchester, presenting a prime location for tenants. It also has access to some of the best schools in Tameside both at a junior and senior school level.

The property is currently achieving £700 per month, offering a strong 8% yield based on today's guide price. With current rental values in the area around £850 per month, there’s potential for even higher returns, making this an attractive investment opportunity.

Here are a handful of similar properties taken from the land registry which have sold close by:

30, Booth Street, Manchester, M34 3HY- Sold - 04/03/2024 £175,000 Terraced 2 beds 0.07 mi

2, Booth Street, Manchester, M34 3HY-Sold - 09/01/2024 £150,000 Terraced 2 beds 0.03 mi

74, Frederick Street, Manchester, M34 3JA-Sold - 24/11/2023 £165,000 Terraced 3 beds