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2 bedroom flat for sale
212 Burton Place, Manchester, M15 4LR
£175,000
212 Burton Place, Manchester, M15 4LR
£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
Prime Property Auctions presents a 2-bedroom tenanted investment property in a sought-after location in Manchester, with a guide price of £190,000. The property is currently generating a rental income of £1,000 per month, with a potential gross yield of 6.31%. However, it could achieve a market rent of £1,750-£2,000 per month, resulting in a gross yield of 11-12.6%. The property is situated in a prime location, close to local amenities, and has seen strong sales in the area recently. The property itself features an entrance hallway, living room/dining room, two bedrooms, WC, and balcony. With a tenanted property, investors can capitalize on the growing demand in Manchester and benefit from the potential for high yields.