- Tenanted Investment property +
- Two bedrooms +
- Allocated Parking included +
- Sold furnished +
- 5.5% NET yield +
- Easy access into Manchester city centre +
- Walking distance to a tram station +
- Easy access into MediaCity UK +
- Communal roof garden +
- Invest today +
ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PROPERTY!
Tenanted Property Sales are delighted to offer to market this fantastic tenanted two bedroom apartment in this modern development on the banks of the River Irwell, Manchester City Centre. Providing super-convenient access into both the City centre as well as the district of MediaCityUK, the development benefits from being perfectly located for Manchesters thriving economy. The apartment includes added benefits of a furniture pack as well as one allocated parking space!
A look inside the property:
The apartment briefly comprises; Entrance hallway leading to the open plan kitchen // living space with floor to ceiling windows, utility cupboard housing the washing machine, master bedroom, a further double bedroom and good sized family bathroom. There is 1 allocated parking space included with this apartment.
Facilities on-site:
- On-site parking
- Bike store
- Roof garden
Financial Breakdown:
Occupancy: Tenanted
Tenure: Leasehold (Approx. 245 years remaining)
Gross rent: £15,600
Gross yield: 5.9%
Service charge: Approx. £2322 PA
Ground rent: Approx. £350 PA
Lettings management: £1685 PA
Approx. NET income: £11,243PA
NET yield: 5.6%
Location:
Situated in the heart of one of Manchester newest and most popular residential areas, Bridgewater Point is in the perfect location with many shops, bars and some of Manchester best restaurants within just a short walk of your doorstep. Residents also benefit from excellent transport links via Cornbrook tram station which is just ten minutes walk from the entrance.
Over recent years the Manchester property market has shown its potential to the world with one of the most talked about property markets in 2024. The average house price in Manchester currently stands at £272,000, reflecting a 4.9% increase from the previous year.??This growth rate is notably higher than the national average, which hovered around 3.6% in the same period.
Why Invest In Manchester? - Over recent years the Manchester property market has shown its potential to the world with one of the most talked about property markets in 2024. The average house price in Manchester currently stands at £272,000, reflecting a 4.9% increase from the previous year.??This growth rate is notably higher than the national average, which hovered around 3.6% in the same period. The surge in house prices can be attributed to several factors, including population growth, increased investment in infrastructure, and a thriving local economy. In the city centre, prices are significantly higher. The average cost for a one-bedroom apartment in central Manchester is around £220,000, while two-bedroom apartments average about £310,000.
Points of interest near the property:
- Cornbrook tram station: 11 minutes walk
- Co-Op convenience store: 2 minutes walk
- Castlefield: 20 minutes walk
- MediaCity UK: 25 minutes walk
- Regent retail park: 10 minutes walk
Council tax band C