3 bed Flat (for sale) Lancaster House, Whitworth Street, Manchester M1

£1,070,000
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Yieldit
Quay West at Media City UK, Trafford Wharf Road, Salford Quays
0161 506 9203
First Published

17th May 2021

Last Published

10th Jun 2021

 

Features

  • Type: Flat
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

Earn instant income on this brilliant investment opportunity - 7% net yield assured for 3 years! This wonderful two bedroom apartment is located in the heart of Manchester city centre.

This excellent three bedroom apartment comprises of; entrance hallway leading to a spacious lounge with double glazed window to the front; open plan fully fitted kitchen with all appliances included; three generously sized double bedrooms with double glazed windows, two of which have staircases leading to the bedrooms; three piece family bathroom with shower over bath. The apartment is located on the third floor and comes fully furnished.

With major transport hubs such as Piccadilly Station situated only minutes away, Lancaster House’s location makes it highly accessible for travel across Manchester, putting locations such as Deansgate, Market Street and even nearby destinations such as the Trafford Centre within easy reach.

The entirety of Manchester's city centre and beyond is within easy reach from this property with Piccadilly train station/Metrolink station being less than 5 minutes away. Manchester is renowned for its range of entertainment, rich history and culture with an abundance of cinemas, live entertainment venues, and museums - it's easy to see why Manchester is one of the fastest growing cities in Europe.

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. Between July 2017 and July 2018, Manchester’s property prices rose by 5.6% and are expected to rise a further 18.1% by 2022. Manchester's growing population ensures that there will always be high demand for rental properties. Now is the perfect time to invest in this vibrant and exciting city.

Financial Breakdown

Assured rent: £74,900
Ground rent: Included*
Service charge: Included*
Lettings fees: Included
Assured income: £74,900
Assured until: Apr 2024
Assured yield: 7%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-16563

 

Local info for M1

 

Property Value Data/Graphs for M1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 94.1% £205,753 1.3 1.2
Studio 4% £153,715 0.1 0.8
Other 0.9% £240,000 2 0.3
Block of flats 0.6% £1,342,500 0 0
Town house 0.3% £345,000 2 2

Area Information

Average Price Paid

£210,751

Sales

1736

Current Average Value

£211,429

Value Change

£678 0.3%

 

Current Asking Prices in M1 Average: £211,429

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £160,000 (1) £266,250 (4) - - -
Flats £176,542 (216) £263,794 (81) £406,799 (8) - -
All £176,465 (217) £263,910 (85) £406,799 (8) - -

Nearby Properties

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6 bed Detached house () Broad Lane, Hale, Altrincham WA15 £3,750,000
5 bed Detached house () Carrwood, Hale Barns, Altrincham WA15 £3,300,000
5 bed Detached house () Devisdale Road, Bowdon, Altrincham WA14 £3,250,000
8 bed Detached house () Barry Rise, Bowdon, Altrincham, Cheshire WA14 £2,950,000
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