1 bedroom flat for sale

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1 bedroom flat for sale

Fully Managed Apartments, Oldfield Road, Salford M5
£120,000

Our Summary

  • M5 Fully Managed Apartments give investors a completed, residential investment opportunity in the heart of Greater Manchester

Description

--- M5 Fully Managed Apartments in Salford, Greater Manchester, present a compelling investment opportunity in a thriving urban market. This development offers modern 1 and 2-bedroom apartments that have been completed to a high standard, catering to the needs of professionals and young families alike. Situated in a prime location just minutes from Manchester Piccadilly train station, these apartments are well-positioned for convenience and accessibility, making them highly desirable among renters. Investors can take advantage of a robust rental market with a projected 6% annual return, which translates to a minimum of £9,599 in rental income per year based on the starting price of £174,995. The property's management is overseen by a professional rental management company, ensuring a hassle-free investment experience for those looking to avoid the responsibilities of being a landlord. Alternatively, investors have the flexibility to manage the property themselves. The Manchester property market is experiencing significant growth, with Salford leading the charge due to its affordable pricing and proximity to the city centre. Areas like MediaCityUK are attracting a wave of young professionals, and the demand for quality rental accommodation is on the rise. With an 11.7% price growth forecast by 2027, M5 Fully Managed Apartments offer a promising outlook for both rental yield and capital appreciation. Prospective investors are encouraged to take advantage of the low 15% deposit requirement, making it an accessible opportunity for those looking to diversify their investment portfolio. To receive additional information, including floor plans and a virtual tour, interested parties are invited to register for an info pack or contact the developers directly.
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