2 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold
- Prime Property Auctions is excited to present this exceptional opportunity, 2 bedroom tenanted investment property located within a sought after location in Manchester *GUIDE PRICE £190,000*
- *Apartment 304, 3, Burton Place, Manchester, Greater Manchester M15 4 LR sold for £236,250, 3, Apartment 104, Burton Place, Manchester, Greater Manchester M15 4 LR sold for £251,100.*
- Tenants on Periodic Tenancy, currently achieving a rental of £1000 PCM / £12,000 PA which would generate an annual gross yield of 6.31% based on the guide of £188,000.
- Property could achieve market rent of between £1750 £2000 PCM / £21,000 £24,000 PA which could give the property an impressive gross yield of 11 12.6% based on the guide of £188,000.
- Property is situated within a prime location in Manchester, close to local amenities such as many popular bars, restaurants & canal towpath.
- Prime Property Auctions is excited to present this exceptional opportunity, 2 bedroom tenanted investment property located within a sought after location in Manchester - *GUIDE PRICE £188,000*
- *Apartment 304, 3, Burton Place, Manchester, Greater Manchester M15 4LR sold for £236,250, 3, Apartment 104, Burton Place, Manchester, Greater Manchester M15 4LR sold for £251,100.*
- Tenants on Periodic Tenancy, currently achieving a rental of £1000 PCM / £12,000 PA which would generate an annual gross yield of 6.31% based on the guide of £188,000.
- Property could achieve market rent of between £1750 - £2000 PCM / £21,000 - £24,000 PA which could give the property an impressive gross yield of 11- 12.6% based on the guide of £190,000.
- Property is situated within a prime location in Manchester, close to local amenities such as many popular bars, restaurants & canal towpath
Prime Property Auctions is excited to present this exceptional opportunity, 2 bedroom tenanted investment property located within a sought after location in Manchester - *GUIDE PRICE £190,000*
Property comprises:
Entrance hallway, Livingroom/Dining Room, 2 Bedrooms, WC & Balcony
HALLWAY (17.45ft x 3.12ft)
LIVING/DINING ROOM (11.13ft x 13.21ft)
MASTER BEDROOM (13.54ft x 8.70ft)
KITCHEN (9.87ft x 5.40ft)
BATHROOM (5.84ft x 6.49ft)
BALCONY (11.13ft x 3.70ft)
Tenants on Periodic Tenancy, currently achieving a rental of £1000 PCM / £12,000 PA which would generate an annual gross yield of 6.31% based on the guide of £188,000.
Sales Evidence:
*Apartment 304, 3, Burton Place, Manchester, Greater Manchester M15 4LR sold for £236,250, 3, Apartment 104, Burton Place, Manchester, Greater Manchester M15 4LR sold for £251,100.*
Property could achieve market rent of between £1750 - £2000 PCM / £21,000 - £24,000 PA which could give the property an impressive gross yield of 11- 12.6% based on the guide of £188,000.
The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.
Potentially high yielding investment property.
This lot is open to immediate offers. Swing that there is strong demand.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Castlefield, located in the heart of Manchester, presents an exciting investment opportunity in one of the city's most vibrant neighbourhoods. As a historic district with a unique blend of industrial heritage and modern urban living, Castlefield offers a diverse range of investment prospects. Its strategic location, excellent transport links, and proximity to Manchester city centre make it an attractive destination for businesses, residents, and visitors alike. Investors can capitalise on Castlefield's expanding property market, urban regeneration projects, and cultural initiatives to drive economic growth. Additionally, the neighbourhood's historic canals, green spaces, and iconic landmarks create opportunities for leisure, hospitality, and tourism ventures. Investing in Castlefield promises both financial returns and the chance to contribute to the ongoing revitalization and prosperity of this dynamic neighbourhood in Manchester.
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Property reference 206212269. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
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Broadband availability and predicted speed: obtained from Ofcom on March 23, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on March 23, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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