Summary - 23 GREEN LANE HEYWOOD OL10 1NQ
3 bed 2 bath Terraced
3-bed buy-to-let with long-term tenants and c.7.5% gross yield, cash buyers only..
Freehold Victorian mid-terrace, approximately 893 sq ft
A three-bedroom Victorian mid-terrace offered freehold in Green Lane, Heywood, presented as a buy-to-let opportunity with long-term tenants in situ. The property is average-sized internally (approximately 893 sq ft) with a private rear garden and on-street parking. Current gross rental income is £9,000 per year, giving an approximate gross yield of 7.5% at the current asking price of £120,000.
The house is in a predominantly blue-collar, high-deprivation area; this underpins current rental demand but may limit capital-growth prospects. Accommodation is functional with small-to-medium rooms and standard ceiling heights typical of period terraces. The plot is described as large for the street, and broadband and mobile signals are strong — positives for tenant appeal.
Tenants have occupied the property for several years and intend to remain; sale is cash-only and a Buyers Premium will apply on exchange. For detailed income, tenancy and expenditure figures, refer to the Let Property Pack. This listing suits investors seeking an immediate income stream and a buy-and-hold asset in Heywood, or developers prepared to improve returns through refurbishment or reconfiguration.
Material considerations: sale requires cash purchase, tenants in situ will transfer with the sale unless otherwise agreed, and the surrounding area is classified as deprived which may affect resale speed. Viewings should be arranged with these points in mind and after review of the full let pack and tenancy paperwork.
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