2 Bed Apartment House For Sale Heyrod Street, Manchester, M1

£260,000- Apartment

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Last Updated: 25th May 2024

Description

yieldit are delighted to welcome to the market this highly desirable property in the heart of Manchester city centre’s most fashionable and bohemian neighbourhood, the Northern Quarter. Positioned on the ground floor of this wonderfully maintained purpose-built development, this property will make a perfect addition to an investor’s portfolio with tenants in situ, scope to improve the return and of course excellent opportunity for capital appreciation. \r
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This incredible apartment is located in the ever-popular Vantage Quay development and benefits from a spacious balcony with views of the Rochdale canal and an allocated parking space. The living space benefits from a tonne of natural light and well-appointed modern kitchen with integrated appliances and island with seating. The master bedroom is very spacious with ensuite and the second bedroom, main bathroom with three-piece suite and utility cupboard are accessible from the entrance hall.\r
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Vantage Quay boasts a truly enviable location and residents are just a stone’s throw from a fabulous selection of eateries, trendy bars, popular shops, boutiques and endless entertainment and leisure facilities. Further first-class amenities are available at the Arndale Shopping Centre, Corn Exchange and Exchange Square with seasonal events and designer shops. Transport links in the area are fantastic with the Metrolink and both Victoria and Piccadilly stations within walking distance.\r
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Manchester's high rental yields, growing demand and capital growth are just a few reasons why it has been named one of the UK's best buy-to-let hotspots. The city was voted the Most Liveable City in the UK (The Economist, 2019) and the 3rd Best City in the World (TimeOut, 2021). It's population is ever increasing, and rental demand is always extremely high so don’t miss out on this chance to invest and enquire today.

Financial Breakdown

Gross Rent: £13,440.00
Net income: £10,463.00
Gross yield: 5.17%
Net yield: 4.02%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07790
Agent Details
yieldit
Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested