Studio Flat For Sale £108,000
Chester Road, Manchester M16

A RARE AND HIGHLY SOUGHT AFTER INVESTMENT OPPORTUNITY- perfect for investors looking to start or expand their portfolio in Manchester. This apartment offers investors a high yield, and is tenanted and fully managed.

The apartment you'll be investing in has everything a tenant could need: It's fully furnished with high quality furnishings, the spacious kitchen has integrated Bosch appliances, and the bathroom is fitted with floor to ceiling tiles. The apartment is west facing offering views of the city, and has space-saving design with brilliant storage solutions, such as a large ottoman storage bed and built in shelving, offering your tenant the best of the best.

This apartment has remained 100% occupancy rate since its completion in 2018, and now you can benefit from it's success:

Actual rent - £9,000

Rent per month - £750

GR - £250

Service charge - £1054.48

Management - £810

Net rent - £6,885.52

Net Yield - 6.38%

The Development

Westpoint is a totally hands-off investment opportunity - allowing investors to enjoy all the benefits of owning property in the UK's no.1 investment location, without any of the hassles of being a landlord, while still enjoying high returns.

Completed in 2018, to a pioneering standard of quality and finish, Westpoint not only offers residents somewhere to live, but also a built-in community - brought to life through the abundance of on-site facilities, and the dedicated residence team - all of which set Westpoint apart from other developments across the city.

Facilities and features include:

5* hotel-like facilities exclusively for residents

* A communal residents lounge

* Fully equipped gym

* 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?

~ Global Connectivity

Manchester is the number one choice for investors across the world. The global connectivity that Manchester International Airport provides has contributed £4.5 billion to the local economy and is currently undergoing a £1 billion expansion - which will mean the airport can cater for an additional 30 million passengers each year.

~ World-class Universities

Home to two world-leading universities that attracts thousands of new students every year to Manchester, 60% of these students will then stay in the city after graduating, further contributing to the demand for rental housing. There is also an undersupply of housing in the city; 11,000 new homes are needed in the city each year to keep up with the growing demand, and currently only 7,000 are being built - leaving a shortfall that investors can benefit from.