Burton Place, Manchester M15 2 bed flat for sale

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Burton Place, Manchester M15 2 bed flat for sale

Burton Place, Manchester M15
£175,000

Our Summary

  • This property is offered at a fantastic price to ensure an Auction sale
  • The property will feature in our upcoming timed online auction
  • To participate in the live auction, you must have a bidding account created
  • Location: Castlefield, located in the heart of Manchester, presents an exciting investment opportunity in one of the city's most vibrant neighbourhoods

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: This 2-bedroom tenanted investment property in Manchester's Castlefield neighborhood is being offered at a guide price of £190,000. The property is currently generating a rental income of £12,000 per annum, which would provide an annual gross yield of 6.31% based on the guide price. However, the property could potentially achieve a market rent of between £21,000 and £24,000 per annum, giving it an impressive gross yield of 11-12.6% based on the guide price. The property is situated in a prime location, close to local amenities and transport links, and is likely to benefit from the area's ongoing regeneration and urban development. With strong demand for properties in the area, this could be an excellent opportunity for investors to capitalize on the growth potential of Castlefield.