1 bed Flat For Sale, Adelphi Wharf, Manchester M3

Description

Cash buyers only - EWS1 form in place - This well proportioned one bedroom apartment is located on the first floor of the newest phase at Adelphi Wharf, a modern waterfront development in Salford. As expected with a brand new apartment, the accommodation is immaculate throughout and briefly comprises of; entrance hallway, bright open plan living room with Juliet balcony, fitted kitchen with integrated appliances, one double bedroom, fully-fitted bathroom and large storage cupboard.

Manchester city centre is just a short walk from this exciting new waterside development which overlooks the River Irwell. There are a number of transport links close by, such as Salford Crescent train station and numerous bus routes. There is also easy access to the nearby motorway network. The local area also offers a selection of bars, shops and restaurants along Chapel Street and green space in the form of Peel Park.

The price growth in Salford is higher than the national average, with the 2 year growth at 1.2 times the national average. The average house price in Salford, M3 is ¬£265,507 and the average rent is ¬£916. The area surrounding Adelphi Wharf has also seen a huge amount of regeneration including the ongoing redevelopment of Chapel Street and the New Bailey area of the city. This is an exciting time to invest in Adelphi Wharf, so enquire today to avoid disappointment.

Financial Breakdown

Gross rent: £10,800
Ground rent: £349
Service charge: £1,220
Lettings fees: £1,296
Net income: £7,935
Gross yield: 9.39%
Net yield: 6.9%

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-03775

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1 bed Flat For Sale £120,000 Adelphi Wharf, Manchester M3

1 bed Flat For Sale £120,000
Adelphi Wharf, Manchester M3