Get brand editions for Philip James Kennedy, Sales

6 bedroom block of apartments for sale

Crescent Park, Heaton Norris, Stockport

Guide Price £620,000

Property Description

Key features

  • Investment Opportunity
  • Six Self-Contained One Beds
  • 36,300 pa Income
  • Victorian Conversion
  • Residents Parking
  • Freehold
  • Heaton Norris
  • Close to Commuter Links
  • Potential for Extension

Full description

** INVESTMENT OPPORTUNITY - 6% YIELD **

A rare opportunity to acquire an impressive block of 6 self-contained one bedroom apartments situated in a highly regarded location in Heaton Norris. The FREEHOLD development currently generates an income IRO £36,000 per annum with potential growth by way of some cosmetic improvements. Successfully manged by Philip James Lettings for over 15 years, the property has seen a steady increase in rents ever since due to high demand for one bedroom apartments to let in the area.

This substantial Victorian semi-detached property is split over four floors with accommodation spanning 3165 sq ft. The development benefits from well-maintained grounds with ample residents parking and communal gardens. The development provides scope for further extension potential (subject to the relevant planning permissions).

The property currently generates £36,300 per annum in rental income which represents a strong yield of 6% with further potential to increase in the current rental market. Apartment 1 is situated on the ground floor and comprises of one bedroom, a large living room with bay window, modern kitchen and is served by a three piece bathroom suite. This apartment currently generates a rental income of £500PCM. Apartment 2 comprises of one bedroom, a spacious living room, fitted kitchen and bathroom suite and generated a rental income of £500PCM. Apartment 3 consists of a living room, modern kitchen and bathroom suite and a double bedroom. The apartment currently generates £525PCM. Apartment 4 occupies a first floor position within the block and comprises of a entrance hall, bright and spacious living room, kitchen, contemporary bathroom and one double bedroom generating £475PCM. Apartment 5 is the largest apartment and occupies a top floor position in the block. The accommodation comprises of a large entrance hall, spacious living room, kitchen, bathroom and a double bedroom generating £525PCM. Apartment 6 occupies the basement level within the property and is in need of refurbishment. The property has historically achieved £475PCM but subject to further works being carried out could achieve up to £525PCM. Externally, the block benefits from communal parking and further communal gardens beyond.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.


More information from this agent

Listing History

Added on Rightmove:
03 July 2019

Nearest stations

  • Stockport (0.9 mi)
  • Heaton Chapel (0.9 mi)
  • Burnage (1.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Philip James Kennedy, Sales

218, Heaton Moor Road, Stockport, SK4 4DU

0161 468 0316 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Philip James Kennedy, Sales

218, Heaton Moor Road, Stockport, SK4 4DU

0161 468 0316 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stockport (0.9 mi)
  • Heaton Chapel (0.9 mi)
  • Burnage (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Philip James Kennedy, Sales

218, Heaton Moor Road, Stockport, SK4 4DU

0161 468 0316 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 28909651. 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 Philip James Kennedy, Sales. 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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