Historic Conversion | Tenanted and Furnished 1 bed Apartment | Northern Quarter Location
Manchester
- Located in the heart of The Northern Quarter
- 2 minutes to Manchester Piccadilly
- ESW1 Certificate available
- Tenanted and Furnished
- Walking distance to an array of cafes, restaurants and bars
- 6.42% Yield
- 1st Floor
£140,000
Call us now on
0800 011 2277
Historic Conversion | Tenanted and Furnished 1 bed Apartment | Northern Quarter Location
Sequre are very pleased to introduce this fantastic opportunity to purchase a spacious one bedroom apartment within The Wentwood development in the heart of the Northern Quarter. The Wentwood combines two distinctive styles; one part is traditional and period whilst the other is modern and contemporary. The location is in the ever popular Northern Quarter and minutes’ walk into Ancoats. The Northern Quarter gives access to all of Manchester's public transport hubs. The apartment comprises of a hallway, open plan living area incorporates a multi appliance fully fitted kitchen, one double bedroom and a spacious shower room. EWS1 certified and bought with a tenant in situ on a 12 month AST from January 2021 at £750pcm.
Neighbouring area Ancoats has seen a wealth of investment and development over recent years and is fast becoming one of the most popular places to live in Manchester – thus resulting in property nearby seeing a surge in tenant demand and an increase in rental prices. Earlier this year Ancoats was voted the second coolest place to live in the UK. The area, located on the opposite side to the Northern Quarter is booming with independent restaurants, cafes and tea houses, and is incredibly popular with the student population in the city.
Financial Example - One Bedroom Apartment
|
Purchase price |
£140,000 |
|
Deposit required at 25% |
£35,000 |
|
Mortgage required at 75% |
£105,000 |
|
Annual rental income |
£9,000 |
|
Interest payments on mortgage (based on 2.29% interest) |
£2,404 |
|
Estimated annual running costs (service charge, ground rent etc) |
£2,407 |
|
Estimated Net Profit |
£4,189 |
|
Return On Cash Invested |
11.96% |
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