Ridgefield Street, Failsworth
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- TO BE SOLD UNDER AUCTION TERMS
- POTENTIAL 3 UNIT INVESTMENT
- PRIME LOCATION
- POTENTIAL FOR PROFITABLE RESALE
- 3 BED SEMI AND PLANNING FOR 2X FLATS
Description
TO BE SOLD BY ONLINE AUCTION ON 22ND – 23RD APRIL UNLESS SOLD PRIOR UNDER AUCTION TERMS.
31, Ridgefield Street, Failsworth, Manchester, M35 0LQ
An excellent opportunity to acquire a property with significant development potential in a well-established and high-demand residential area of Manchester. In brief it comprises; hallway, lounge, dining room, kitchen, downstairs WC, utility room, three bedrooms and bathroom. Generous corner plot and parking.
The property offers a range of exit strategies, including refurbishment and resale, or full redevelopment in line with the granted planning permission to retain the existing house and construct an additional detached building comprising two self-contained flats, creating a potential three-unit investment. Planning ref - FUL/352967/24
The existing dwelling requires renovation following fire damage to the first floor, presenting a clear value-add opportunity for developers and investors.
Based on current market conditions, the completed flat units are estimated to achieve around £120,000 upwards each, with strong rental demand supporting values in the region of £900–£1,000 pcm per flat and £1,100–£1,200 pcm for the house. This provides the potential for a combined income in excess of £35,000 per annum, making it a compelling proposition for both resale and long-term investment.
Situated within a popular residential location with access to local amenities, schools and excellent transport links into Manchester, the area continues to attract strong buyer and tenant demand.
A versatile and high-potential opportunity, ideal for developers, investors or builders looking to maximise returns in a proven location.
Here are some similar sold properties taken from Land Registry that highlight the potential:
92, Norfolk Crescent, Manchester, M35 0NS £223,000 Semi 3 bed 0.16 mi
10, Rings Close, Manchester, M35 0SQ £247,500 Semi 3 beds 0.47 mi
58, Norfolk Crescent, Manchester, M35 0NS £250,000 Semi 3 bed 0.23 mi
- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Ridgefield Street, Failsworth
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Visit our security centre to find out moreDisclaimer - Property reference EM-167609. 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.”
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