Studio flat for sale

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Studio flat for sale

Seymour Grove, Manchester, Greater Manchester, M16
£84,950

Our Summary

  • The apartment would benefit from full refurbishment, with an estimated market rent of around £1,100 pcm once modernised, offering strong potential returns

Description

This studio apartment is located in a purpose-built development near Trafford Bar Metrolink station and Manchester city centre. The property is currently let at £650 pcm to a long-standing tenant, but has potential for refurbishment and increase in rent to around £1,100 pcm. The flat features an open plan living/bedroom area, separate kitchen, and bathroom, with residents benefiting from gated access, secure parking, and lift access. The property is situated in a well-connected residential area with local amenities, shops, and sporting venues within walking distance, and is close to Old Trafford football and cricket grounds. The property is available on a 999-year leasehold and is let to a tenant who has been in occupation since 2001. Early viewing is recommended for investors and serious buyers to evaluate rental rates, refurbishment costings, and yield assumptions.