£130,000
Preston Street West, Macclesfield, SK11
- 1 bed
£130,000
- 1 bed
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Unique Freehold Conversion Opportunity with Full Planning Consent
An exceptional opportunity to acquire a freehold detached former light industrial unit with planning permission granted for conversion to a contemporary one-bedroom bungalow.
Positioned on a quiet residential street within close proximity to Macclesfield town centre, the approved scheme provides a well-balanced layout featuring an open-plan kitchen and living area with bifolding doors leading dedicated parking space surrounded by garden boarders. Internally, the design includes a generous double bedroom and a modern shower room.
The consented plans (Planning Ref: 25/0947/FUL) offer a highly marketable layout with broad appeal for resale or long-term letting. The total investment, including estimated conversion costs of ?35,000, amounts to ?165,000. With an anticipated end value of ?190,000-200,000. From a rental perspective, the projected income of ?950-?1,000 per calendar month equates to a gross yield of 6.9% to 7.3%.
This opportunity will appeal to developers, investors, or private buyers seeking a manageable, well-located residential project with strong fundamentals and clear exit strategies.
Full planning documents and drawings available on request.
Council tax band: X, Tenure: Freehold,Mortgage calculator
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