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Property ID: 199694760
Potential Monthly Income
£850
Potential Yield
9%
Tenancy status
Vacant
CapitalAppreciation
+5.6%
Exclusive Investment Grade Opportunity

This is a 1 bedroom flat in Manchester. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!


The well-kept home features 1 bedroom, three-piece bathroom, modern lounge, kitchen, and allocated parking all in good condition.


Investment Details


It currently produces an annual gross income of £7,800 which could be increased by the new owner to a market rate of £10,200 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Tenancy Details


The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income650/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£650 pcm
Current Rental Yield
9.4%
Potential Market Value Rent
£850 pcm
Potential Rental Yield
12.3%
Estimated Monthly Capital Appreciation
£387
Area Capital Appreciation Rate
+5.6%

Property Checks

Property Tenure

Verified as Leasehold with 131 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: A

Interactive street-level view of the property location and surrounding area.

Ground Rent
£17
Factor Fees/Running Costs
£125
Total Estimated Costs
£142
Floor plans
Floor plan 1
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Yearly Net Profit
Current Yearly Rent
£7,800
Annual Capital
Appreciation
£1,660
Yearly Ground Rent
£204
Yearly Factor Fee /
Service Charge
£1,500
Other Yearly Costs
None
Indicated
Annual Net Returns
£7,756