Flat for sale in Manchester M15, 2 Bedroom

This fantastic apartment is situated on the 4th floor of the Linen Quarter building. Offered fully furnished with an allocated car parking space, this apartment comprises of a spacious living and dining area; a fitted kitchen with plenty of storage space; 2 generously sized bedrooms with an en-suite for the master; and a bathroom complete with 3-piece suite. This development also boasts a secure car park with a raised communal garden.

Linen Quarter is in an ideal location just off Oxford Road in Manchester's city centre. There certainly isn't a shortage of things to do in the city centre with countless shops, bars and restaurants within walking distance from this property. Manchester is renowned for its range of entertainment, rich history and culture with an abundance of cinemas, live music venues, comedy clubs, theatres and museums - it's easy to see why Manchester is one of the fastest growing cities in Europe. Manchester lies at the heart of an expansive motorway network, ensuring easy access to the uk’s major cities and business centres. The M6 Northbound links Manchester to the Lake District, Carlisle and Scotland, while the M6 Southbound links the city region to Birmingham, Bristol, Wales and London.

Manchester's high rental yields, growing demand and capital growth are just a few reasons why it has been named one of the uk's best buy-to-let hotspots. Between July 2017 and July 2018, Manchester’s property prices rose by 5.6% and are expected to rise a further 18.1% by 2022. Manchester currently has the fastest and largest growing economy outside of London, and with a growing population due to the increasing number of businesses deciding to settle in Manchester, alongside the many students from its four world class universities who decide to stay in Manchester after their graduation, the demand for accommodation is higher than ever.

Financial Breakdown

Gross rent: £10,200
Ground rent: £300
Service charge: £780
Lettings fees: £1,020
Net income: £8,100
Gross yield: 6.38%
Net yield: 5.06%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13624