Chapeltown Street, Manchester, M1

1 bedroom Flat in Manchester

For Sale
Offers Over £137,500
Current Yield 6.5 %
Potential Yield 8.1 %
Property Reference: 205122062
  • Flat
  • 1 Bedrooms
  • 1 Bathrooms
  • 1 Receptions
  • 49 sq m

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenants Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Spacious Lounge
  • Close Proximity to Valuable Amenities
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

A spacious and well kept 1 bedroom flat located in Manchester. There are various valuable amenities within walking distance of the property and it can generate rewarding rental returns.

For investors looking for a reliable, long-term investment, this is a brilliant opportunity!

The home is in good condition and features 1 bedroom, lounge, kitchen, and ensuite.

Investment details

It currently produces an annual gross income of £11,100 which the new owner could increase to a market rate of £13,800 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and allowing for maximum commitment to the sale from both parties, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Helpful Information

Council Tax Band: C
Property Reference: 205122062

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £925
  • Potential Rent pcm: £1150
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 5 years +
Property Reference: 205122062
Property Reference: 205122062

Property Location

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Request DetailsChapeltown Street, Manchester, M1

Offers Over £137,500

Make an offer
Chapeltown Street, Manchester, M1

Listing Price

Offers Over £137,500

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.