Latest Valuation
£
ROCE
%
Location
Rochdale

Development Opportunity in Rochdale £150,000 (GDV £850,000)

This property has planning permission for a 3-storey block which will contain 4 commercial units and 8 x 1 bed residential apartments.
Guide Price
£150,000

Share this page

Enquire about this property

Key Features

  • 11.38% Yield
  • Profit of £173,000
  • Capital growth is at 24% over the next 5 years
  • Great location

The Property

GROUND FLOOR:
Commercial unit 1: 404 sq. ft
Commercial unit 2: 325 sq. ft
Commercial unit 3: 339 sq. ft
Commercial unit 4: 388 sq. ft

FIRST FLOOR:
1 Bed apartment: 508 sq. ft
1 Bed apartment: 470 sq. ft
1 Bed apartment: 493 sq. ft
1 Bed apartment: 493 sq. ft

SECOND FLOOR:
1 Bed apartment: 392 sq. ft
1 Bed apartment: 367 sq. ft
1 Bed apartment: 427 sq. ft
1 Bed apartment: 427 sq. ft

Selling office: Sourced Manchester Central

Planning Information

N/A

The Plan

Purchase and develop. You can sell the units at the end which would deliver a profit of £173,000. The perfect model would be to rent out and achieve a strong yield in the region of 11.38% (for the developer) During the time you hold onto to the property, value is expected increase significantly as expected capital growth is at 24% over the next 5 years.

The Location

Located on Manchester Road in Rochdale, this land is a great location. Castleton train station is a short walk away. A vast array of amenities on the doorstep makes this a very attractive proposition. Schools also close by.

Average estimated value for a house in OL11 3AW, UK

£670,724

***GREAT OPPORTUNITY TO DEVELOP. THIS PROJECT DELIVERS 20%+ PROFIT & 11.38% YIELD FOR THE DEVELOPER SHOULD YOU OPT RETAIN TO RENT OUT***

Content missing