A flat carrying what’s thought to be one of the lowest prices in Manchester will go under the hammer at the next SDL Auctions North West auction.

The one-bedroomed flat at 92 Baguley Crescent, just off Heywood Old Road near Heaton Park and Middleton town centre, will appear at the auction on 12 October with a *guide price of £36,000+.

The property, which has UPVC double glazing throughout, is already let out for £4,320 per annum – which equates to a high yield of 12% based on the guide price.

High-Yield

Andy Thompson, senior valuer at SDL Auctions North West, said:

“We believe this property has one of the lowest prices to be currently found in the local marketplace.

“When you consider that it’s also got a high-yielding tenancy, this lot would make an excellent investment purchase and we expect strong interest from bidders at our auction.”

The October auction will be SDL Auctions North West’s second at the AJ Bell Stadium in Manchester and comes after the first one in July attracted 25 lots and raised £1.3m on the day.

Mr Thompson said:

“We’re quickly becoming a leading auction business in Manchester, and I would strongly advise other owners wanting to sell to enter their property for what will be another exciting auction day in October.”

Entries are still being invited for the auction with several other lots already being marketed including a two-bedroomed end-of-terrace house at 121a Knowles Street in Radcliffe, with a guide price of £60,000+.

This property is said to be another “excellent” investment opportunity: it’s currently producing rental income of circa £4,680 per annum and comes with gas central heating and UPVC double glazing throughout.

At the other end of the market there’s a three bedroomed detached property called Little Falls Cottage in The Crescent which lies in Davenport, a highly sought-after district of Stockport. This has a guide price of £235,000+.

Mr Thompson said:

“We expect strong interest in this attractive property which has spacious accommodation based on a large plot, a gated front providing off-road parking and an impressive garden to the rear.”

Any owners looking to sell their properties in the Thursday 12 October auction at the AJ Bell Stadium can request a free auction appraisal by calling SDL Auctions North West on 0161 774 7333 or visiting www.sdlauctions.co.uk

Pictured above: Little Falls Cottage in The Crescent

* Each property is subject to a Reserve Price which may be different from the Guide Price.