Close to Media City - Tenanted and Furnished - Manchester Apartments
Manchester
- On-site parking
- 10 minute commute into Manchester City Centre
- 5 minute commute to Media City
- 5 minute walk to metrolink stop
- Fully tenanted apartments
- Market yields up to 7.62%
- Hgh tenancy demand
- Highly desirable location
£118,000
Call us now on
0800 011 2277
Close to Media City - Tenanted and Furnished - Manchester Apartments
This deal is located within a hugely popular development situated just 1 mile from MediaCityUK, and produces fantastic returns up to 15.86% and market yields up to 7.62%. It is also worth noting that MediaCityUK is set to undergo a £1 billion expansion to double in size. This site has hugely contributed to the economic growth in the area, providing a total boost of £277 million GVA in just one year. Not only is this deal benefiting from the exciting new progress set to take shape at MediaCityUK, but also benefits from a tram stop 5 minutes away which is highly desirable for professional tenants needing to commute to Manchester city centre and the surrounding areas.
The apartments are already tenanted and furnished so you have no additional costs and an income from day one.
Financial Example - Two Bedroom Apartment
|
Purchase price |
£118,000 |
|
Deposit required at 25% |
£29,500 |
|
Mortgage required at 75% |
£88,500 |
|
Market annual rental income |
£9,000 |
|
Interest payments on mortgage (based on 2.79% interest) |
£2,469 |
|
Estimated annual running costs (service charge, ground rent etc) |
£1,850 |
|
Estimated Net Profit |
£4,681 |
|
Return On Cash Invested |
15.86% |
Why invest with Sequre?
Bulk Deal Discount
We are specialists in the provision of high-income producing, buy-to-let property investments in a number of major UK cities. We have many years of experience in assembling bulk deals that has provided both small and large investors with access to heavily discounted investment opportunities.
Off Market Opportunities
We maintain strong relationships with the UK’s leading housebuilders, developers, banks and receivers to ensure we provide our investors with unrivalled opportunities. Almost all of our deals are completely exclusive and not available anywhere else.
Achieve Financial Freedom
Our experienced team has successfully guided many novice investors to financial freedom through our bespoke property investment services whilst also catering for those investors with up to several million pounds to invest in completely off market investments.
Call us now on
0800 011 2277