25th November 2019
Final Manchester auction of the year is a chance to secure a property before Christmas
The launch of the latest auction catalogue from SDL Auctions North West is a reminder that there is still time to secure a new home or investment property before Christmas.
Featuring 35 lots, including houses, flats, commercial property and land, the catalogue is published ahead of SDL Auctions North West’s sixth and final auction of the year at the AJ Bell Stadium in Manchester on Monday 9 December.
Guide prices* start at just £5,000+ – for a student “pod” in Manchester. 121 The Annex, Montgomery House on Demesne Road is a student bedroom/sitting room with the use of communal kitchens, bathrooms and a large common room. It is close to the popular Alexandra Park and well located for students of both the University of Manchester and Manchester Metropolitan University, with good public transport links into Manchester city centre.
For investors looking for a larger rental property, 89 Lowndes Street in Preston is a three bedroomed end terrace close to the University of Lancashire, currently realising an annual rental income of £10,560.
The property, which has a guide price of £68,000+, has a living room, kitchen and one bedroom on the ground floor, with two bedrooms, a study/potential fourth bedroom and bathroom upstairs. The third bedroom is let with the study at £80 per week, while the other two bedrooms are let at £70 per week each. Bills are included in the rent.
Andy Thompson, head of auctions North West at SDL Auctions, said: “This is a great opportunity to get into the student or HMO market, as the property produces a good yield and has been well maintained and managed, with double glazing fitted and loft insulation installed since the EPC was carried out. It’s in a good location, too, on a quiet street close to amenities and leisure facilities.”
Another property with the potential to deliver an excellent yield is 135 Bolton Road in Atherton a mixed-use property in a prominent location within walking distance of Atherton town centre and the railway station.
The property comprises a deli and sandwich shop on the ground floor, let on a seven-year lease, with a one bedroomed flat on the first floor, comprising an open-plan living kitchen, bedroom and bathroom. The property is fully let at £10,440 per year and has a guide price of £85,000+.
If you’re looking for a project, or a family home, there’s an opportunity to extend at 79 Foxglove Drive in Whittle-le-Woods, Chorley, subject to planning permission.
The modern three bedroomed detached house has a guide price of £160,000+ and is in the highly sought-after area of Whittle-Le-Woods, three miles north of Chorley town centre.
Andy said: “This is in a beautiful location in a quiet residential development which overlooks woodlands at one end and the golf course at the other. There are fields to the back of the property and plenty of open countryside and walking routes can be found nearby.”
The vacant property has a lounge, kitchen diner, conservatory and cloakroom on the ground floor, with three bedrooms – the master having an en suite – and a family bathroom on the first floor. There are gardens front and rear, plus a driveway and single garage.
Planning permission was granted in 2008 to extend the property to the side and rear to create a garage, fourth bedroom and further accommodation. This has now lapsed but the auctioneers feel this may be reinstated.
The property is leasehold with a ground rent of £85 per year, and the option to purchase the lease for £2,000-£3,000.
Andy added: “This is a lovely property which has been well maintained, with a new combi boiler and double glazing installed around two years ago. It will make a fantastic family home, with the countryside on the doorstep but all the conveniences of local amenities and transport links via the motorway network and Buckshaw Village and Chorley Railway stations.”
A more traditional renovation property can be found in 17 Second Avenue in Astley, Tyldesley. The vacant two bedroomed terrace, which has a guide price of £122,000+, is in a tranquil setting on a quiet road overlooking fields. It has gas central heating and double glazing but requires some modernisation and has the potential to extend, subject to planning permission.
On the ground floor it has a lounge and kitchen diner, with two bedrooms and a family bathroom upstairs. There are gardens front and rear.
The property is surrounded by fields but close to amenities at nearby Astley, and just a half-hour drive from the centre of Manchester.
All of these properties and more will be sold by SDL Auctions North West at its final Manchester auction of the year at the AJ Bell Stadium in Manchester on Monday 9 December. For more information on any of the properties call 0161 774 7333 to speak to the auctions team.