No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Investment Opportunity
£1,600,000
Added > 14 days

11 bedroom apartment for sale

Woolfield House, Wash Lane, Bury BL9 6BJ - 11 Flats and approval for another 4 x 1 Bed Apartments.
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Apartment
11 bed
0 bath

Key information

Tenure: Ask agent
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Investors Only
  • 11 Flats comprising of nine 1 bedroom flats and two 2 bedroom flats
  • With allocated parking available on site
  • Serious potential for further growth as planning has been approved for a further four one bedroom flats to be developed on the site
  • Upon completion of site Estimated GDV £2 Million

Buraq Estates is delighted to present a new development which has just been completed and made available for purchase for investors at £1.6 Million. The property is situated in an ideal location whereby The Rock and M66 are located half a mile from both East and West sides of the property with local amenities such as Aldi, Tesco and local convenience stores also within walking distance.



The two-story development comprises 9 x 1 bedroom flats and additionally 2 x 2 bedroom flats. A total of 11 units are made available. The site also has planning approved for purpose-built 4 x 1 bedroom flats to be built on the land available. The current owner has been quoted £200,000 for the works to be conducted for the purpose-built flats.



 Making the total units available a total of 15 units. 



The title of the property is to be sold as a Freehold.








The rental value that can be accomplished is as follows (circa)



9 x 1 bedroom flat = £6750



4 x 1 bedroom flat = £3000 - Upon completion of the approved site



2 x 2 bedroom flat = £2000



Total:  £8750 per calendar month for 11 units



Total: £11,750 Per calendar month for total units upon completion of the additional four 1 bedroom flats.



Yield: 6.6% 



Yield upon completion of the four individual flats: 8.8%
















Places of interest

    Buraq Estates specialise in luxury Homes for Young Professionals and Students. We currently manage a portfolio of over 800 properties.  If you are looking for a modern flat off Oxford Road near universities, luxury apartments in town or larger houses in the heart of Fallowfield or Withington there really is something for everyone. Our team knows the area and local market better than anyone, over the last 13 years we’ve crafted a way of working that is unique to us, and proven to get the best results for you. We specialise in achieving high yields for our clients with minimum hassle and offer a bespoke service to every individual.

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    *DISCLAIMER

    Property reference 50631-45118. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Buraq Estates - Fallowfield.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on September 28, 2023

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on September 28, 2023

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.