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1 bedroom apartment for sale
City Gardens, 3B, Spinners Way, Manchester, M15 4SP
£195,000
City Gardens, 3B, Spinners Way, Manchester, M15 4SP
£195,000
Our Summary
- This stunning second floor apartment offers a fantastic investment opportunity, generating an impressive yield of above 6% NET
Description
This stunning second-floor apartment offers a fantastic investment opportunity, generating a net yield of 6.24% and a gross yield of 7.08%. The luxury apartment features an open-plan living area, floor-to-ceiling windows, a shower room, and a spacious private balcony that fills the apartment with natural light. Located in the trendy and desirable neighborhood of Castlefield, the apartment is within walking distance of Manchester city center, with access to green spaces, canals, waterfront bars and restaurants, and excellent transport links. The area has seen significant regeneration over the past 20 years, with the average price of an apartment increasing by 30% in the last year and 51% since 2019. The apartment is available for investment, with a gross rent of £13,800 and a net income of £12,162.