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Property ID: 211892971
Monthly Income
£3,025
Current Yield
10.4%
Tenancy status
Tenanted
CapitalAppreciation
+5.1%
Exclusive Investment Grade Opportunity

A Block of 3 Residential 2 Bedroom Flat each, located in Manchester with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.


For investors looking for a rewarding investment, this is a brilliant opportunity!


The properties feature lounges, modern kitchen, a bathroom, and fantastic local transport links throughout.


61 Pulse Development, Manchester Street, Off Stretford Road,, Manchester, M16 9GZ

Fully furnished

Leasehold - 125 years from 01/01/2008

Rent £925 PCM

Annual Ground rent-£500

Annual Service charge-£2774


121 Pulse Development, Manchester Street, Off Stretford Road,, Manchester, M16 9GZ

Fully Furnished

Leasehold - 125 years from 01/01/2008

Rent £1200 PCM

Annual Ground rent-£500

Annual Service charge-£2774


141Pulse Development, Manchester Street, Off Stretford Road,, Manchester, M16 9GZ

Fully furnished

Leasehold - 125 years from 01/01/2008

Rent £900 PCM

Annual Ground rent-£500

Annual Service charge-£2774


Investment details


The properties currently produce an annual gross income of £36,300 which could be increased by the new owner to a market rate of £37,200 with long term 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.


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 Income3025/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£3025 pcm
Current Rental Yield
10.4%
Potential Market Value Rent
£3100 pcm
Potential Rental Yield
10.7%
Estimated Monthly Capital Appreciation
£1488
Area Capital Appreciation Rate
+5.1%

Tenancy Checks

Tenancy Agreement

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

Proof of Rental Income

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

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 125 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.

EPC

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

Council Tax Band

Council Tax Band: C

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

Ground Rent
£41
Factor Fees/Running Costs
£231
Total Estimated Costs
£272
EPC Rating
EPC Rating
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EPC Documents
Floor plans
Floor plan 1
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Yearly Net Profit
Current Yearly Rent
£36,300
Annual Capital
Appreciation
£7,000
Yearly Ground Rent
£492
Yearly Factor Fee /
Service Charge
£2,772
Other Yearly Costs
None
Indicated
Annual Net Returns
£40,036