Guide Price £75,000 £3000 plus vat For sale by unconditional online auction.
An attractive investment opportunity in the heart of Radcliffe, this two-bedroom mid-terrace property is offered to the market with the benefit of a lifetime tenancy in place, providing immediate and secure rental income. Currently let at £4,200 per annum, the property gives investors a reliable long-term return with no initial void periods or letting fees to consider. Situated in a popular residential area, the property enjoys excellent access to local amenities, schools, and transport links, including easy connections into Manchester city centre. This ensures enduring tenant demand and strong future potential for capital growth. Properties with lifetime tenancies are becoming increasingly sought after as they offer an affordable entry point into the buy-to-let market, alongside guaranteed rental income for the duration of the tenancy. This makes 74 Cross Lane a hands-off, low-maintenance addition to any portfolio and a rare chance to secure a long-term, income-producing asset in a well-connected location.
Similar properties sold: 22, Wellington Street, Manchester, M26 2RB - Sold - 23/06/2025 - £145,000 11, Holland Street, Manchester, M26 2RD - Sold - 05/11/2024 - £133,000 112, Cross Lane, Manchester, M26 2RF - Sold - 02/08/2023 - £125,127
Please refer to the legal pack regarding the lease details
Tenure Leasehold
UNCONDITIONAL - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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