Ridgefield Street, Failsworth, Manchester, M35
Edward Mellor Estate Agents LtdEdward Mellor Auctions is a trusted property auction house with decades of experience in the North West. Specializing in residential and commercial property sales, they provide a fast, transparent, and efficient auction process for buyers and sellers.
Read more Read moreA leasehold semi-detached house with three bedrooms is available for auction. The property includes a hallway, lounge, dining room, kitchen, downstairs WC, utility room, and a bathroom. It is situated on a generous corner plot with parking. The existing dwelling requires renovation due to fire damage on the first floor, presenting a development opportunity. Planning permission has been granted to retain the existing house and construct an additional detached building comprising two self-contained flats, allowing for a potential three-unit investment. The estimated market value for the completed flats is around £120,000 each, with projected rental income of approximately £900–£1,000 per month per flat and £1,100–£1,200 per month for the house, resulting in a potential combined income exceeding £35,000 per annum. The property is located in a residential area with access to local amenities, schools, and transport links into Manchester.
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