Initial price	£198,000
06/04/24	£175,000
24/04/24	£198,000
30/04/24	£175,000
Price Change	-11.62%

A fully-established and profitable portfolio of three one-bedroom flats and one studio apartment is up for sale by online auction on May 15th, 2024. The flats are located in the heart of Hyde and have long-standing tenants, with the current landlords enjoying a lucrative investment over the years. According to current rental trends in the area, the portfolio has the potential to increase rents, with one-bedroom flats in the vicinity renting for £600-£650 per month. When fully occupied, the portfolio generates £1805 per calendar month (equating to £21,660 annually), representing an impressive 12.3% yield based on today’s guide price. The properties have a freehold title included and are located in a high-demand area with limited rental availability, making this a highly profitable investment opportunity. The EPC ratings for the properties are as follows: Flat 1 - C, Flat 2 - D, Flat 3 - C, and 336 Market Street - D.