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See how verdicts work2-bedroom house · M32 8QA
Listing removedReduced £5k (−3.4%) on 21 JunListed 592 days
Opportunity summary
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About
*A two bedroom first floor retirement apartment for persons aged 60 and above* A development occupying a really generous plot with excellent parking areas for residents and visitors.
Pleasant views from the apartment, that has a southerly aspect, towards Turn Moss playing fields, across the communal gardens.
Situated on Edge Lane, directly opposite Longford Park, where there are many, varied facilities available. Electric heating system and double glazing.
Lounge, fitted kitchen and bathroom/WC with shower. No ongoing vendor chain. Must be viewed to be appreciated. Approx 617 sq ft. Virtual Tour Available.
Entrance Hall With a good range of fitted storage space/cloakroom facilities with mirror fronted sliding doors. Lounge/Dining Room With a coal effect fire set within the feature fireplace.
A large double glazed window provides a most attractive and pleasant outlook over the gardens.
Opening to: Kitchen With a single drainer sink unit with mixer tap and an excellent range of base and wall cupboard units and working surfaces. Tiled decor, cooker in situ and fridge freezer.
Bedroom (1) With a storage heater and a double glazed window with a pleasant outlook. Range of fitted wardrobes and storage space.
Bedroom (2) With a storage heater and a double glazed window with a pleasant outlook. Bathroom With a three-piece white suite comprising panelled bath, pedestal wash hand basin and low-level WC.
A shower is installed over the bath and an anti splash screen is fitted. Extractor fan, tiled decor and a large mirror fitment with lighting above. Electric heater.
Outside The development stands within well tended communal grounds that incorporate parking facilities for residents and visitors. (Reserved parking space at an additional cost).
Additional Information The tenure of the property is leasehold for the residue of 125 years from 01/01/1988, subject to an annual ground rent of £135.
(Payable 30/09 of each year) A service charge is payable of £1074 per quarter. (£4296 per annum).
We are advised by the seller that the service charge covers all repairs to the fabric of the building but nothing within the internals of the apartment.
The service charge also covers servicing, decorating (communal areas), garden maintenance and sinking fund.
About The Development The Hawthorns is managed by Commerson Estate Management and incorporates 52 flats built circa 1989.
There’s a lift to all floors, a residents’ lounge, laundry, guest facilities a courtyard area in addition to the communal gardens.
The development is wheelchair friendly and is conveniently situated for public transport etc. Cats and dogs are generally accepted, but are not to be replaced (To be confirmed on an individual basis).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Apartment 30 The Hawthorns, 114 Edge Lane, Manchester
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