Graver Lane

Pure Investor is delighted to bring to the market two semi-detached properties for sale under one title deed. The property consists of the original detached three-bedroom property and an extended bungalow. The bungalow currently has a long-term tenant in situ with the property currently being vacant due to the previous tenants vacating and the owner conducting some maintenance work. The owner would be looking to sell the house as vacant possession.

The first property boasts a generous 3-bedroom layout, featuring a large open-plan living and dining room that opens out to a well-maintained garden via patio doors. The kitchen offers ample space and functionality, while the upstairs accommodates three comfortable bedrooms. A luxurious 4-piece family bathroom with a separate shower and tub completes this home.

The second property offers 2 bedrooms, a spacious living area, and a well-equipped kitchen. The living/dining room provides direct access to a sizable garden space, perfect for family gatherings or tenant use.

Both properties are equipped with double glazing and gas central heating for modern comfort. Additionally, the bungalow has a sitting tenant resulting in an immediate income for any buyer. The house is currently vacant however this would allow any buyer the option to set the rental figure in line with the current market rate,

List of work recently carried out at the 3-bedroom house:
- Dampproof course installed downstairs with a 25-year guarantee.
- Ventilation unit installed upstairs.
- Decoration throughout.

Current rental income for the £750pcm (annual income of £9,000).

Expected rental income of £1,300pcm (annual income of £15,600).

Overall rental income: £24,600 per annum.

Net yield: 6%.

There would be scope to possibly increase these rates. 

For additional information please contact the Pure Investor team.

Graver Lane - Key Points

Location

Manchester, United Kingdom