Key features

• A well-presented 2 bedroom flat
• Three Piece Bathroom
• Open Plan Lounge and Kitchen
• Communal Garden
• Current Rent: £1000
• Potential Rent: £1300

Description

A well-presented two bedroom flat situated on the popular Moho Building of Manchester.

Key Investment Highlights:

High Rental Demand: Ellesmere Street is known for its growing popularity among tenants, ensuring strong and steady rental yields.

Prime Location: Experience an Urban Convenience; This property is close to shopping centers, restaurants, cafes, and entertainment options, making it highly convenient for residents. Access to parks and recreational areas enhances quality of life and provides outdoor leisure options.

Long-Term Growth: As an area benefiting from regeneration and ongoing development, Ellesmere Street continues to see rising property values and rental income potential.

Property Overview:

The is an exceptional two bedroom flat which features an open plan lounge, kitchen, modern bathroom and communal garden space. A mix of modern apartments and traditional homes caters to various demographics, from young professionals to families.

Rental Potential:

This property consistently achieve strong rental returns, with demand often exceeding supply. Based on current market conditions, this two-bedroom flat is currently generating a £1000 pcm and has the potential to generate an estimated rental income of £1300 per month, delivering a healthy gross rental yield. With the added advantage of long-term capital growth, this property is a solid investment choice.

Future Growth and Appreciation:

As of 2024, Ongoing regeneration projects in Manchester can lead to property value appreciation and increased interest from investors.

Additional Information:

Tenure: Leasehold

Ground Rent: £400 per annum

Service Charge: £1600 per annum

Ground lease length? £985 per annum

This is a rare opportunity to acquire a property in one of Manchester’s fastest-growing rental markets. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer searching for a long-term growth opportunity, this apartment in Ellesmere Street is not to be missed. Contact us today to arrange a viewing or discuss investment details.