Scholes Street, Greater Manchester OL1 1 bed flat for sale

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Scholes Street, Greater Manchester OL1 1 bed flat for sale

Scholes Street, Greater Manchester OL1
£40,000

Our Summary

  • 50 per monthThis property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period
  • For Sale by Modern Auction – T & C’s apply
  • The Modern Method of Auction

Description

This studio apartment generates a significant £7,200 per year in rental income, yielding an impressive 18% net return. The property features an open-plan living space, a fitted kitchen with a two-ring electric hob and sink, and a separate shower room. With a tenant already in situ, the property offers a convenient investment opportunity. The development provides a range of amenities, including a secure intercom entry system, lift access, and on-site washer/dryer facilities. The property also benefits from excellent transport connections, making it an attractive option for those looking to invest in a Manchester-based rental property.