1 bed Flat For Sale £115,000
West Point 501 Chester Road, Manchester, Greater Manchester, M16

High yielding investment opportunity in a popular sought after development.

Description

One bedroom investment opportunity with a high gross yield of 9.49%!

Presenting a modern one bedroom apartment in the Westpoint development, positioned in the heart of Trafford. Comprising of 317 stylish apartments, Westpoint has maintained its status as a popular choice for Manchester's rental market.

The apartment briefly comprises of an open plan living, kitchen and dining area, bedroom with built in wardrobe space and a modern three piece suite bathroom.

Rental per annum: £10,920
Service charge per annum: £2,169
Ground rent per annum: £250
Yield after deductions above: 7.39%

This property has cladding, as far as we know the current position with the property is: It’s been tested and there are no works required.'
* You should make enquires about the external wall system of the property, if it has cladding and if it is safe or if there are interim measure in place.

Location

Westpoint sits in a Trafford location close to all Manchester has to offer. Trafford Bar tram stop (0.2m) is located nearby offering excellent connectivity in and around Manchester.

The picturesque water front of Salford Quays is also situated nearby (1m), offering a serene and peaceful setting to relax close to home.

You are also not far from sport and entertainment options. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 0.8m and 3.5m away respectively.

For cultural activities locally, residents are situated near to Media City (1.6m) which offers a variety of leisure and nightlife activities.

Please note all distances quoted are approximate.

Square Footage: 317 sq ft
Leasehold with approximately 245 years remaining.


Additional Info

Ground rent is reviewed in line with RPI every 5 years, next review date to be 2024
Leasehold expiry date: 2269