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2 bedroom flat for sale
Ellesmere Street, Manchester, Greater Manchester, M15
£235,000
Ellesmere Street, Manchester, Greater Manchester, M15
£235,000
Our Summary
- Long-Term Growth: As an area benefiting from regeneration and ongoing development, Ellesmere Street continues to see rising property values and rental income potential
- Based on current market conditions, this two-bedroom flat is currently generating a £1000 pcm and has the potential to generate an estimated rental income of £1300 per month, delivering a healthy gross rental yield
Description
This two-bedroom flat in Manchester's Moho Building offers a prime location on Ellesmere Street, a popular area with high rental demand. The property features an open-plan lounge, kitchen, modern bathroom, and communal garden space, making it an excellent choice for young professionals and families. With a current rental income of £1000 per month and potential to generate £1300, this property delivers a healthy gross rental yield. As Manchester undergoes regeneration projects, this property is expected to appreciate in value and attract more investors. With a leasehold tenure and reasonable ground rent and service charges, this apartment presents a solid investment opportunity with long-term growth potential.