Flats -, - Market Street, Hyde, Hyde
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- SIZE
Ask agent
Key features
- TO BE SOLD UNDER AUCTION TERMS
- THREE ONE BEDROOM FLATS AND ONE STUDIO
- PROFITABLE PORTFOLIO
- CENTRAL HYDE LOCATION
- LONG STANDING TENANTS
- POTENTIAL 12.3% YEILD BASED ON GUIDE
Description
TO BE SOLD BY ONLINE AUCTION ON 15TH MAY 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
*** FLAT 1-4, 332–336 MARKET STREET, HYDE SK14 1RJ ***
Three one-bedroom flats with lounge, kitchen, one bedroom and en suite shower rooms and one studio apartment with kitchen and shower room. FREEHOLD TITLE IS INCLUDED.
An exceptional opportunity presents itself to acquire a fully-established and profitable portfolio situated in the heart of Hyde. Three of the flats come with long-standing tenants, while one unit is currently vacant. Consistently maintaining full occupancy has ensured the current landlords a lucrative investment over the years. Moreover, being located in a high-demand area with limited rental availability, this portfolio promises to be a highly profitable investment.
Current rental trends in the area indicate the potential for increased rents, with other one-bedroom flats in the vicinity in the region of £600 - £650 per month. When fully occupied, the portfolio generates £1805 per calendar month (equating to £21,660 annually), representing an impressive 12.3% yield based on today’s guide price, even without any rental increases.
Hyde's town centre is highly sought-after among residents and tenants alike, offering an extensive array of amenities, schools, and excellent transport connections. Its strategic location ensures convenient access to surrounding towns and Manchester city centre for both work and leisure purposes.
EPC RATINGS -
FLAT 1 - C
FLAT 2 - D
FLAT 3 - C
336 MARKET STREET - D
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Flats -, - Market Street, Hyde, Hyde
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hyde Central Station0.7 miles
- Newton for Hyde Station0.8 miles
- Godley Station0.8 miles
About the agent
Edward Mellor Ltd, Auction
65-81 St Petersgate, Stockport SK1 1DS
Better Service
Edward Mellor is a well established company, founded in 1985 by the eponymous Edward Mellor with his first office in Reddish, Stockport. Over the years we are proud to have become Stockport and Tameside’s leading property services company. Our growth and success has been underpinned by investment in technical innovation and investment in our people and services. Our longer opening hours and accompanied viewing services from our high street offices provides a more professi
Industry affiliations
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference EM-155424. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Edward Mellor Ltd, Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.