1 Bedrooms Flat for sale in Barrel Yard, Manchester M15 | £ 140,000
Overview
| Price: | £ 140,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Greater Manchester |
| Town: | Manchester |
| Postcode: | M15 |
| Address: | Barrel Yard, Manchester M15 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
This luxurious 1-bedroom apartment is situated on the ground floor of the incredibly popular Barrel Yard development. Newly completed in 2018, this apartment comes with an allocated parking space and is fully furnished to the highest standard, comprising of a bright and spacious living area with a modern fitted kitchen, a large double bedroom and a bathroom with a 3-piece suite. This development provides attractive, sustainable homes for those who want to live close to the city centre but desire a quiet, secure environment; perfect for young professionals working in the city!
Barrel Yard is located in South Manchester, just minutes away from the exciting city centre. The development benefits from local public transport as well as being a short drive from the city centre, where residents can enjoy all the retail, recreation and cultural amenities that Manchester has to offer. Furthermore, trendy local areas such as Chorlton and Didsbury are only a short drive away from Barrel Yard. Manchester also offers easy access to the uk’s major cities and business centres due to its expansive motorway network. The M6 Northbound links Manchester to the Lake District, Carlisle and Scotland, while the M6 Southbound links the city region to Birmingham, Bristol, Wales and London.
Manchester is currently known as an incredible buy to let hotspot with prices rising at the fastest rate in the UK, beating even the London figure, according to the Nationwide house price index. This is further reflected in the postcode area specifically of the development, which has seen a 30% increase in the last 5 years! (Zoopla – October 2018). With a population of 2.5 million and a workforce of 1.2 million, Greater Manchester is the economic powerhouse of the North West, contributing a massive £28 billion to the region’s gdp. There are no signs that Manchester is slowing down so invest today!
Financial Breakdown
Gross rent: £9,300
Ground rent: £350
Service charge: £652
Lettings fees: £893
Net income: £7,405
Gross yield: 6.64%
Net yield: 5.29%
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-13354
Property Location
Property Marketed by Yieldit
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