Waterdale Drive, Whitefield, Bury
- PROPERTY TYPE
End of Terrace
- BEDROOMS
3
- BATHROOMS
2
- SIZE
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Key features
- Spacious three bedroom property
- Currently generates £9,270.00 net rental income per annum
- Close proximity to local motorway networks (M60 and M66)
- 25 minutes to Manchester city centre
Description
The property is currently tenanted at £775.00 per month (£9,300.00 per annum), and will be sold with established tenants already in situ. As such, the property will offer investors the opportunity for immediate rental income. The property at 26a Waterdale is already under our Pure City Living management, and as such we would be able to extend this management offering over to the new owners should a more hands free investment be required.
26a, Waterdale Drive, Whitefield, Manchester, M45 8SB - Investment Highlights
Guide Price - £285,000.00
Sold with long-term established tenants in situ
Currently generating £775.00pcm (£9,300.00pa) rental income
Leasehold property (Annual ground rent of £70.00 per annum)
Mortgageable property
Full management already in operation
Location Highlights
Close to major motorway links
25 minutes to central Manchester
Close proximity to major motorway links (M60 and M66)
Whitefield offers an attractive combination of rental income and long-term capital growth, supported by its established residential market and access to Manchester via the Metrolink. Investors can target estimated gross rental yields of approximately 5–7%, depending on the property type, purchase price and achievable rent. Property values across the M45 postcode have increased by around 20% over the past five years, demonstrating the area's longer-term growth potential. Looking ahead, a prudent investment appraisal could assume capital appreciation of 2–4% per annum, alongside rental income that may grow over time.
- 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.
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- 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.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor
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Visit our security centre to find out moreDisclaimer - Property reference PURMANWHIWATER26a. 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 Pure, Manchester. 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.
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