£180,000
Manchester, United Kingdom
- 2 beds
£180,000
- 2 beds
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Pure Investor are delighted to bring to market this exceptional 2-bedroom, 2-bathroom apartment located on the 2nd floor of a modern development in the heart of Manchester.
This tenanted property is ideal for investors seeking a high-demand rental property with solid, predictable returns. This well-appointed flat features 2 spacious bedrooms and 2 bathrooms including an ensuite. The open plan kitchen and living area is equipped with modern fixtures and fittings throughout helping to create a contemporary living space for residents to turn into a home.
Investment Highlights
- Second floor, 2 bedroom, 2 bathroom property
- Current long term tenants in place
- Fantastic city centre location
- Leasehold property with 132 years remaining
- High rental demand in the local area
Financial Breakdown
- Asking Price: Offers above £180,000
- Ground Rent: £150 p.a.
- Service Charge: £2,740 (£685 per quarter)
Yield Analysis
- Gross Annual Rent: £13,800
- Annual Cost (Ground + SC): £1,939 PA
- Net Annual Rent: £12,110
- Gross Yield: 8.33%
- Net Yield: 6.07%
Why Invest Here?
Situated in the vibrant Manchester M3 area, this stunning investment property benefits from:
- Proximity to Spinningfields and Deansgate
- Excellent transport links, including nearby tram and rail stations
- High rental demand from professionals and young families
- Close to universities, business districts, and cultural hotspots
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