Offers over
£95,000
2 bed flat for sale39A Porlock Road, Manchester M23
2 beds
1 bath
EPC Rating: C
About this property
Sold With Tenants In-Situ
Cosmetic Uplift Potential
High Rental Demand Area
Leaseterm 974
Ground Rent - £3 pcm
Service Charge - £166 pcm
Off Road Parking
Current Rental £875
81 Square Metres
A ready-made investment opportunity located within the established residential area of Porlock Road, Manchester, M23, currently generating £875 pcm from reliable long-term tenants with no arrears history.
Priced below market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 11%. Comparable rental properties within the M23 area are typically achieving between £900–£1,050 pcm for similar terraced and semi-detached homes, supported by strong demand from local professionals and families due to proximity to Manchester Airport, Wythenshawe Hospital and key employment hubs.
The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any investment portfolio.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
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More information
Tenure
Leasehold (974 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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