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Tower Street, Heywood

PROPERTY TYPE

Terraced

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • TO BE SOLD UNDER AUCTION TERMS
  • GREAT INVESTMENT OPPORTINUTY
  • PRIME LOCATION
  • VACANT

Description

TO BE SOLD BY ONLINE AUCTION ON 13th – 14th MAY UNLESS SOLD PRIOR UNDER AUCTION TERMS.

78 Tower Street Heywood OL10 3AD

An excellent opportunity to acquire a vacant mid-terrace property located within a well-established residential area of Heywood. In brief it comprises; lounge, dining room, kitchen, two bedrooms and bathroom. Rear yard.

 

The property is ready for immediate occupation or letting, making it an ideal purchase for both investors and owner occupiers. Based on current market conditions, the property has the potential to achieve a rental income in excess of £900 per calendar month, reflecting an attractive gross yield of approximately 15% based on the guide price.

 

It is conveniently positioned close to local amenities, schools and transport links, with easy access to Heywood town centre and surrounding areas, supporting strong and consistent tenant demand.

 

In addition to its rental appeal, the property also offers excellent resale potential, making it suitable for those looking to refurbish, re-let or resell for profit in a popular residential location.

 

An ideal addition to any portfolio, or a great opportunity for those looking to secure a well-located property with both strong income and capital growth potential.

Here are some similar sold properties taken from Land Registry that highlight the potential:

71, High Street, Heywood, OL10 3BU £151,000 Terraced 2 bed 0.12 mi

46, Grosvenor Street, Heywood, OL10 3AE £140,000 Terraced 2 bed 0.04 mi

67, Wilton Street, Heywood, OL10 3EW £136,000 Terraced 2 bed 0.01 mi

Tenant ready property values in the area are in the region of £900pcm

EPC rating – D. Sold as seen.

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.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Tower Street, Heywood

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Renovation potential
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About Edward Mellor Ltd, Auction

65-81 St Petersgate, Stockport SK1 1DS
Industry affiliations:

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.

Affordability

Monthly repayments£352
Property: £ 70,000
Deposit: £ 7,000
Interest rate: 5.33%
Term: 30 years
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Disclaimer - Property reference EM-167668. 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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