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2 Bed Flat, Single Let, Salford, M50 2GT £200,000

69 Ohio Avenue, Manchester, M50 2GT - a year ago
  1. Deal Search
  2. Salford
  3. M50
  4. M50 2GT
Leasehold
BTL
ROI: 3%
~68 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Property History

Listed for £200,000

October 4, 2024

Description

We are delighted to introduce an exciting new addition to the Manchester skyline. Made up of four towers, this development will over look both Salford Quays and Manchester City Centre providing all residents with the perfect view.

Full Description - We are pleased to present a remarkable new addition to Manchester's skyline. This premium development, consisting of four iconic towers, offers breathtaking views of both Salford Quays and Manchester City Centre, providing residents with an unparalleled living experience.

Off-plan investment opportunity - For investment purposes only. 25% deposit required.

Comprising a selection of one, two, and three-bedroom apartments, this development promises high-quality living spaces designed to the highest standards. Each apartment offers a luxurious modern design, ensuring both comfort and elegance.

Investment Highlights:

41% capital growth over the past decade
Average 6% yield in Manchester
999-year leasehold
Council tax band B
1-bedroom apartments from £150,000
2-bedroom apartments from £200,000
Penthouses from £270,000

Location Overview: Set in an already thriving area, this development sits adjacent to MediaCityUK, a hub for world-renowned corporations like BBC and ITV studios. With its prime location, it promises to be a valuable investment, offering substantial potential for future growth.

The development comes with a 999-year leasehold and an estimated service charge of £1.88 per sq ft. The property is expected to be within Council Tax band B.

Why Invest in Manchester? Manchester is one of the UK's fastest-growing cities and continues to be a prime location for property investment. Key reasons include:

Strong demand for rental properties due to Manchester's increasing population and business growth.
High rental yields and capital appreciation, making it one of the best-performing cities for property investment.
Ongoing large-scale regeneration projects, including MediaCityUK and the £1 billion Manchester Airport Gateway project, that are transforming the city and driving growth.
With a thriving economy, world-class universities, and a rich cultural scene, Manchester remains a highly desirable location for both residents and investors.
15.4% predicted rental growth in Manchester by 2026, adding further value to your investment.

Contact us today for more information on this exciting opportunity.

Agent Details

Elite Realty Invest, Liverpool

0151 453 2241

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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