- Two bedroom and two bathroom second floor apartment situated in Hulme, being sold with the current tenants in situ +
- Annual rental income of £12,000 per annum +
- 220 years remaining on the lease +
- Cladding remedial works being currently done with funding from the Government +
- Gross yield of 8% and net of 6.1% +
- Popular Manchester location +
13 Hulme High Street, Manchester, M15 5JR
Asking Price: £150,000
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Investment Opportunity in the Heart of Manchester
Pure Investor is delighted to present this fully furnished two-bedroom apartment, ideally located a short distance from Manchester City Centre and the city's major universities. Perfect for investors seeking strong rental returns, this property is currently achieving a rental income of £1,000 per calendar month.
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Property Features
* Location: Second-floor apartment within a well-maintained development.
* Open-Plan Living: Spacious living room with integrated kitchen appliances - ideal for modern city living.
* Bedrooms: Two generously sized double bedrooms, with the principal bedroom benefitting from an en-suite shower room.
* Bathrooms: Modern main bathroom with contemporary fittings.
* Fully Furnished: Ready for immediate rental, providing a seamless income stream for investors.
* Leasehold: 220 years remaining.
* Service Charges & Ground Rent: Ground rent £256.45 per annum, service charge £660.24 per quarter (£2,640.96 per annum)
* Energy Efficiency: EPC Rating C.
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Investment Highlights
* Strong Yield: Achieving a rental income of £1,000 pcm, this property offers an attractive gross rental yield of approximately 8%.
* Turnkey Investment: Fully furnished and ready to rent, reducing void periods and management hassle.
* Prime Location: Close proximity to Manchester City Centre, universities, and transport links ensures consistent rental demand from students and professionals.
* Secure Building Compliance:
o Cladding works are currently being carried out on the external parts of the development.
o All works are fully government-funded, with no additional costs to the leaseholder.
o Once completed, a valid EWS1 form will be in place, ensuring compliance with the Building Safety Act.
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Why Invest Here?
This property represents a high-demand, low-maintenance investment in one of Manchester's most desirable areas. With strong rental income, long lease length, and a modern, fully furnished setup, Flat 57 is perfect for investors seeking reliable returns and long-term capital growth.
Current Rental Income: £1,000 pcm
Asking Price: £150,000
Gross Yield: 8%
Net Yield: 6.1%
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Let Pure Lettings Take The Strain.....
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.