2 bed Block of Flats For Auction

TO BE SOLD BY AUCTION ON 1ST - 2ND JULY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

****VIRTUAL TOUR AVAILABLE****

An excellent opportunity to acquire a substantial freehold property comprising two self-contained two-bedroom apartments in the heart of Fallowfield, one of South Manchester's most consistently strong rental markets.

Occupying a prominent position on Ladybarn Lane, the property is offered with vacant possession and presents a ready-made investment opportunity requiring only minimal cosmetic improvement before being reintroduced to the rental market.

The accommodation comprises two spacious apartments, each providing a living area with kitchen, two well-proportioned bedrooms and a bathroom. The flexible layout and strong tenant demand within the area make this an attractive proposition for buy-to-let investors seeking immediate income generation.

Historically, the flats have achieved rental incomes of approximately £1,200 per calendar month per unit. However, current market evidence suggests that comparable two-bedroom apartments in the area are achieving rents in the region of £1,400 per calendar month, providing the potential for a combined gross rental income of approximately £33,600 per annum when fully let.

Subject to obtaining any necessary planning permissions and statutory consents, the property may offer further asset management opportunities through reconfiguration or conversion to a House in Multiple Occupation (HMO). Given its generous accommodation, prominent location and close proximity to the universities, hospitals and Manchester City Centre, the property could appeal to investors seeking to maximise rental income from the strong demand for shared accommodation within the area. Prospective purchasers should make their own enquiries with the local planning authority regarding any proposed use or development.

Fallowfield continues to attract strong demand from professionals, students and young families due to its excellent transport links into Manchester City Centre, proximity to the universities, hospitals and local amenities. Consequently, void periods are typically low and rental growth has remained resilient.