- Tenanted investment property +
- Two bedrooms +
- Two bathrooms +
- Sold furnished +
- Balcony +
- Northern Quarter +
- Manchester City centre +
- Great location for local renters +
- 6.9% Gross yield +
- Invest today +
ATTENTION INVESTORS - PURCHASE THIS READY MADE INVESTMENT PROPERTY!
Tenanted Property Sales are delighted to offer to market this fantastic two bedroom apartment in this development in Ancoats, Manchester City Centre, sold tenanted. Providing super-convenient access into Manchester trendy Northern Quarter as well as the rest of the city centre, the development benefits from being perfectly located for Manchesters thriving economy. The apartment includes the added benefits of a full scheme of furniture included in the selling price.
A look inside the property:
The apartment briefly comprises; Entrance hallway leading to the open plan kitchen // living space leading out onto a private balcony, utility cupboard housing the washing machine, master bedroom with en-suite wetroom, a further double bedroom and good sized family bathroom.
Financial Breakdown:
Occupancy: Tenanted
Tenure: Leasehold (TBC)
Gross rent: £13,200
Gross yield: 6.9%
Service charge: Approx. £2634 PA
Ground rent: Approx. £TBC PA
Lettings management: £1663 PA
Approx. NET income: £8903
NET yield: 4.7%
Location:
Situated in the heart of one of Manchester most popular residential areas, Advent is in the perfect location for Manchesters renter market with many shops, bars and some of Manchester best restaurants just a short walk of your doorstep. Residents also benefit from excellent transport links via New Islington tram station which is just five minute walk from the entrance as well as easy access to the waterfront via the marina.
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.