1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (247 years remaining)
- 1 Bed
- Large open planned kitchen living space
- Pool
- Gymnasium
- Cinema room
- Tenant in situ
Pure Investor is delighted to bring to the market this 1-bed, 3rd-floor apartment in the very popular Local Crescent residence in Salford. Being one of the larger 1-bed apartments in the developments the living/kitchen space is particularly big and offers space for dining, cooking, and entertaining. The apartment comes with a tenant in situ who is currently paying £950.00pcm. We believe the current market rate for the apartment would be around £1,100.00pcm.
Local Crescent is a stand-out development from renowned Salford-based developers Salboy which offers the next level of luxe living for those looking to live or invest in Salford. The facilities on site include a heated swimming pool, cinema room, yoga studio, gym, laundrette, courtyard gardens, 24hr concierge, solarium, sauna & spa.
The apartment itself is located on the third floor with views back over Salford town centre & has a contemporary finish with best-in-class fittings. The accommodation comprises; an open plan living room/kitchen with breakfast bar, ample storage, large bedroom with a Jack & Jill bathroom suite.
Ideally situated just a few minutes walk to the City Centre, yet still within easy reach of Salford University, The Royal Hospital & Media City. This apartment really offers everything you need!
Investment Information
Full address: Flat 314, Block C, Local Crescent, Salford, Manchester M5 4ZH
Number of bedrooms: 1
Number of bathrooms: 1
Purchase price: £189,950.00
Rent per month: £950.00
Annual rental income: £11,400.00 per annum
Service charge: £1,972.56 per annum
Ground rent: £168.00 per annum
Gross yield: 6.0%
Net yield: 5.4%
Expected rental income (current market rate): £1,100.00 pcm
Expected gross yield: 6.95%
Expected net yield: 6.25%
Leasehold: 250 years remaining from 5th October 2020.
Council tax band: A
EPC: B (83)
Payment Plan
Reserve your unit with a signed reservation form Sourcing fee of £2,500 + VAT (50% paid upfront & the remaining 50% paid upon completion)
Provide certified ID, proof of address and proof of funds to Pure Investor
Solicitors instructed
Remaining balance due on completion
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on December 21, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2023
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