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2 bedroom apartment for sale
Oldfield Road, Manchester, Greater Manchester, M5
£175,000
Oldfield Road, Manchester, Greater Manchester, M5
£175,000
Our Summary
- Apartment 26, Albert Mill, 41 Oldfield Road, Salford M5 4GT Exceptional Investment Opportunity in the Heart of Salford ________________________________________ Key Investment Highlights * Asking Price: £175,000 * Current Rental Income: £1,200 pcm (£14,400 per annum) * Service Charge: £1,743
Description
Apartment 26 in the Albert Mill development, Salford, is an exceptional investment opportunity. This fully-furnished, two-bedroom property with two bathrooms and allocated parking is available for £175,000. The current rental income is £1,200 per month, generating £14,400 per annum. The property has a net lease term of approximately 158 years remaining and is in good condition, with no immediate capital expenditure required. The asking price represents an 8.23% gross yield and a 7.08% net yield after service and ground charges. The property is ideally located for students and professionals, with Salford University, Vimto Gardens, and Manchester City Centre within walking distance. The current owners are seeking a hassle-free sale, and the property is available to purchase with a comprehensive lettings and property management service provided by Pure Lettings.