The Property Ombudsman

Tenanted Manchester Apartment | Close proximity to Hospital, University and City Centre | High Yields Achievable

Manchester

Investment Summary

  • 2 bed 2 bath 2nd floor apartment
  • Close proximity to the city centre, universities and hospital
  • Tenanted
  • 12-minute walk to Manchester University
  • 10 minutes into Manchester Piccadilly
  • Parking included

£139,000

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0800 011 2277

Tenanted Manchester Apartment | Close proximity to Hospital, University and City Centre | High Yields Achievable

Located just south of Manchester city centre, this tenanted 2-bedroom 2 bathroom apartment is priced at just £139,000 with the potential to generate a high gross yield of 7.12% which is 3% over the mean average for Manchester - an incredible income. This apartment comes with parking and is in an area of very high rental demand from working professionals and students due to the close proximity to Manchester city centre and Manchester University. Currently the property is let at £650pcm on a furnished basis.

The current tenancy has been agreed at £825.00. However, a smaller 1 bed has just been let for £800.00pcm, and a similar 2 bed has gone for £900pcm, meaning investors can take advantage of a rent increase in the future which would bring the yield to 7.76%.

There are fantastic transport links into the city centre, with a bus stop located just 0.4 miles from the development, which reaches central Manchester in less than 10 minutes, or there is dedicated parking within the development if tenants own a car.

Financial Example

Purchase price

£139,000

Deposit required at 25%

£34,750

Mortgage required at 75%

£104.250

Annual rental income

£9,900

Interest payments on mortgage (based on 2.79% interest)

£2,908

Estimated annual running costs (service charge, ground rent etc)

£2,504

Estimated Net Profit

£4,488

 

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.

Find out more

Call us now on

0800 011 2277