1 bed Flat For Sale £190,000
We’re pleased to offer to the market this brand new unique and stylish duplex which is move-in ready and located right on the doorstep of Manchester city centre. It would also make a fantastic buy-to-let investment with anticipated yield near 6% net. The fifth-floor apartment features a large window providing stunning views and plenty of natural daylight, a luxury kitchen with integrated appliances and an open plan living area including a sofa, tv cabinet, coffee table, dining table and chairs, and W.C on the first floor. Upstairs is the bedroom with a double bed, bedside cabinet, chest of drawers and fitted wardrobe, a utility cupboard housing a washing machine, and an ensuite shower room.
Sky Gardens forms part of the Manchester Gardens development, which was completed only in recent years by award-winning architects and developers and has quickly become a very trendy and desirable neighbourhood. Sitting in the inner-city oasis of Castlefield, at the edge of Manchester city centre, the location is ideal for those wanting to be within walking distance of the city whilst still enjoying green spaces and canals, waterfront bars and restaurants and easy access to excellent transport links.
Castlefield has benefited from significant regeneration over the past 20 years which has transformed it into a luxury property investment hotspot. This is reflected in figures obtained from Rightmove which show the average price of an apartment in the area currently stands at £353,864, with prices in the last year increasing by 30% and by an outstanding 51% since 2019.
Financial Breakdown
Gross rent: £13,200
Ground rent: £400
Service charge: £1,844
Net income: £11,356
Gross yield: 6.95%
Net yield: 5.98%
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-18618
Sky Gardens forms part of the Manchester Gardens development, which was completed only in recent years by award-winning architects and developers and has quickly become a very trendy and desirable neighbourhood. Sitting in the inner-city oasis of Castlefield, at the edge of Manchester city centre, the location is ideal for those wanting to be within walking distance of the city whilst still enjoying green spaces and canals, waterfront bars and restaurants and easy access to excellent transport links.
Castlefield has benefited from significant regeneration over the past 20 years which has transformed it into a luxury property investment hotspot. This is reflected in figures obtained from Rightmove which show the average price of an apartment in the area currently stands at £353,864, with prices in the last year increasing by 30% and by an outstanding 51% since 2019.
Financial Breakdown
Gross rent: £13,200
Ground rent: £400
Service charge: £1,844
Net income: £11,356
Gross yield: 6.95%
Net yield: 5.98%
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-18618
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