Upper Chorlton Road, Manchester

A substantial and rarely available freehold residential investment opportunity comprising 11 self-contained flats arranged across 73–75 Upper Chorlton Road, together with the freehold ownership and car park serving 77–79 Upper Chorlton Road, offering significant long-term investment and asset management potential.

The property provides a varied unit mix of one, two and three-bedroom apartments, appealing to a broad tenant demographic including young professionals, families and sharers. Several units are currently income-producing, whilst the vacant apartments offer an incoming purchaser the opportunity to enhance rental income immediately through refurbishment, reletting or proactive asset management.

Accommodation Schedule

2x 1 Bedroom

8x 2 bedroom

1x 3 bedroom

Flat 1 – 1 Bedroom Duplex – Let at £690 pcm (vacant from 22 August)

Flat 2 – 1 Bedroom Duplex – Vacant

Flat 3 – 3 Bedroom Duplex – Vacant

Flat 4 – 2 Bedroom – Vacant

Flat 5 – 2 Bedroom – Vacant

Flat 6 – 2 Bedroom – Let at £1,250 pcm

Flat 7 – 2 Bedroom – Vacant

Flat 8 – 2 Bedroom – Let at £1,100 pcm

Flat 9 – 2 Bedroom – Let at £1,200 pcm

Flat 10 – 2 Bedroom – Let at £1,100 pcm

Flat 21 – 2 Bedroom – Let at £995 pcm

The property currently produces approximately £6,335 pcm (£76,020 per annum) from the occupied units.

Based on current occupational demand within the Whalley Range and wider South Manchester rental market, the vacant units present a significant opportunity to increase income. Assuming market rents broadly in line with the existing tenancy profile, the development could generate an estimated gross annual income of approximately £140,000–£145,000 per annum when fully occupied.

At the asking price of £1,650,000, this represents a potential gross yield in the region of 8.5%–8.8%, subject to full occupancy and rent levels achieved.

The property occupies a prominent position on Upper Chorlton Road within the highly sought-after area of Whalley Range, one of South Manchester's most established residential districts. The location benefits from excellent access to Manchester City Centre, MediaCityUK, Manchester Universities and the major employment hubs of Trafford and Salford.

Residents enjoy an extensive range of local amenities including supermarkets, independent cafés, restaurants, parks and leisure facilities. The nearby districts of Chorlton, Hulme and Old Trafford further enhance the area's appeal, while regular bus routes and convenient access to the Metrolink network provide excellent connectivity throughout Greater Manchester.

PLEASE NOTE: This sale also includes the freehold ownership and car park serving 77–79 Upper Chorlton Road.