1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (296 years remaining)
- To be sold under auction terms
- Over 11% yeild based on todays guide
- Converted period property
- Popular location
- Low service charge
- Epc rating c
TO BE SOLD BY ONLINE AUCTION ON 13TH NOVEMBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
Apartment 3, 57, Kersal Road, Prestwich, Manchester, M25 9SN
Tenanted not inspected by Edward Mellor but reported to comprise open plan lounge/ diner/kitchen, one bedroom and bathroom. Let on a 12-month fixed term starting from November 2023 at £750pcm. The tenants have expressed a desire to remain in situ. Photos provided by vendor.
A converted period property with many original features and a modern finish located in a popular area of Prestwich, Manchester.
The location offers excellent connectivity, with Manchester City Centre with Metrolink stations a short drive away in Prestwich Village and Heaton Park, offering convenient public transport options. Additionally, the motorway network is easily reached via Whitefield and Rhodes in Middleton, providing swift access to surrounding areas. This blend of local amenities and strong transport links makes the area highly desirable to invest in.
Here are a handful of similar properties which have sold close by which highlight the potential:
Flat 15, The Mount, Vine Street, Salford, M7 3NB- Sold - 10/05/2024 £110,000 Flat 1 beds 0.66 mi
Flat 20, The Mount, Vine Street, Salford, M7 3NB- Sold - 09/06/2023 £112,500 Flat 1 beds 0.66 mi
8, Thompson Court, 7, Giants Seat Grove, Manchester, M27 8BG Sold - 20/12/2023 £107,500 Flat 1 beds 0.79 mi
Rental values are in the region of £750pcm.
Whether you’re a first-time landlord or looking to expand your portfolio, this is a fantastic opportunity to purchase a lucrative investment property with a strong return with over 11% yield based on todays guide price.
Ground rent - peppercorn
Service charge- £600 per annum / £50 per month
Places of interest
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Property reference EM-157984. 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 Edward Mellor - Auction.
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Broadband availability and predicted speed: obtained from Ofcom on October 10, 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
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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