High-yield, fully let investment in town-centre location.
Three self-contained studio flats, all let at £750 pcm each
A ready-made buy-to-let in central Middleton, this converted Victorian mid-terrace houses three self-contained studio flats, all let at £750 pcm and producing £27,000 per year. With a guide price showing an approximate gross yield around 18%, the block suits an investor seeking immediate rental income and low void risk in a town-centre location.
The building dates from the early 20th century and was converted into compact modern flats; rooms are small and layouts are efficient rather than spacious. The property is leasehold (779 years remaining) and will be sold under auction terms on 3rd December 2025 (or earlier if sold), so buyers should allow for auction timescales and completion requirements. The vendor’s agent has not inspected the property.
Practical considerations: the structure appears to be solid brick with assumed lack of cavity insulation, the EPC is D, and flats are let with tenants in situ. The location is well connected — local shops, buses and the M60 are nearby — but the wider area is classified as very deprived, which can affect long-term capital growth expectations. Investors should carry out their own surveys and tenancy checks prior to bidding.
In short: a high-yield, fully occupied small-rooms investment offering immediate income, sold at auction. It’s best suited to buyers who prioritise yield and rental security over space and who are comfortable with leasehold ownership, basic EPC performance, and the need for hands-on management.
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