1 bed Flat For Sale £135,000
Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers!
This luxurious 1 bedroom corner penthouse apartment situated in WestPoint, a development that benefits from a high specification finish throughout. Located in Manchester’s most exciting growth area – Old Trafford, three minute walk from Trafford Bar tram stop, two stops from Deansgate-Castlefield making this primely located apartment a fantastic investment oppertunity.
The apartment compromises of high quality integrated wardrobes, bathroom with walk-in shower and an open plan kitchen with modern appliances, this contributes to the huge rental demand being strategically located within walking distance to Manchester city centre and Media CityUK. West Point is a high rise residential development across 15 floors with secure key fob access, 24 hour concierge, high-spec gymnasium, as well as laundry rooms and bike storage on each floor.
This well sought after property is also under a rental assurance guarantee generating a monthly net income of £866.67 - 7% net until March 2022.
Financial Breakdown
Gross rent: £11,028
Ground rent: £250
Service charge: £2,350
Lettings fees: £1,191
Net income: £7,237
Gross yield: 8.17%
Net yield: 5.36%
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-06896
This luxurious 1 bedroom corner penthouse apartment situated in WestPoint, a development that benefits from a high specification finish throughout. Located in Manchester’s most exciting growth area – Old Trafford, three minute walk from Trafford Bar tram stop, two stops from Deansgate-Castlefield making this primely located apartment a fantastic investment oppertunity.
The apartment compromises of high quality integrated wardrobes, bathroom with walk-in shower and an open plan kitchen with modern appliances, this contributes to the huge rental demand being strategically located within walking distance to Manchester city centre and Media CityUK. West Point is a high rise residential development across 15 floors with secure key fob access, 24 hour concierge, high-spec gymnasium, as well as laundry rooms and bike storage on each floor.
This well sought after property is also under a rental assurance guarantee generating a monthly net income of £866.67 - 7% net until March 2022.
Financial Breakdown
Gross rent: £11,028
Ground rent: £250
Service charge: £2,350
Lettings fees: £1,191
Net income: £7,237
Gross yield: 8.17%
Net yield: 5.36%
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-06896
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