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Studio Flat For Sale £138,500
Westpoint, Chester Road, Old Trafford, Manchester M16


Description
**completed 1 bedroom large studio aparment **tenanted and managed property** High Rental Yield 7%+. The development offers an array of on-site facilities, including a residents lounge, gym, parking and concierge. Carefully designed and finished the an exceptional standard. Ideal first investment.

The Development Built in 2018 the development is finished to a quality standard, offering residents both a place to live, work and play. With community and sustainability in mind, Westpoint is cleverly designed to fit the needs for Manchester tenants. Located in Old Trafford, a stones throw from the city centre. It is the perfect opportunity for an investor looking to expand their portfolio.

Facilities and features include:

5* hotel-like facilities exclusively for residents

* A communal residents lounge

* Fully equipped gym and exercise studio

* Coffee station and co-working space

* Onsite concierge services

* Dedicated onsite residence managers

Luxury and sustainability as standard

* Air source heat pumps

* Underfloor heating

* Thermostatic shower mixer

* Gas-lift ottoman leather bed

* Bespoke furnishings throughout

* Quartz worktops

The Location Located at the gateway to Manchester City Centre, in a £50 million regeneration area and neighbouring the iconic Old Trafford football stadium (home of Manchester United) as well as the Emirates Cricket Ground.

Why Manchester? Manchester's property market is constantly evolving, with property prices at an all-time high since records began, and capital appreciation seeing a growth of 16% - a 7-year high - the property market has remained resilient throughout the last 18 months amidst economic uncertainty.

Over half the population of Manchester is made up by Generation Rent, and with rental prices increasing by 10% over the past 12 months, investors are reaping the rewards.

Property investment in Manchester generates £4.5bn for the local economy! With a fast growing local economy, expanding airport and the boost to the economy from HS2, Manchester has redefined itself as the 'Second City'.

There is a huge undersupply of property to keep in line with the ever increasing demand. 11,000 new homes are needed in Manchester every year. Currently, only 7,000 homes are being built each year - leaving a shortfall of 4,000 a year.

The young and thriving population means high rental demand in and around the city. Fuelling housing demand.

The city is home to global businesses, with cheaper rents than London we have seen more companies such as bbc, itv, Amazon and Deloitte move to Manchester.

The education is outstanding! With the largest student population in europe! Generating even more demand for rental properties. As more than 60% of those students who study in Manchester, stay in the city after their education.

Follow the link for more information:
        
zoopla.co.uk

  
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