£163,000
(£237/sq. ft)
2 bed flat for saleBlackburn Street, Salford M3
2 beds
2 baths
1 reception
689 sq. ft
EPC Rating: B
- Leasehold
The Property Place
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About this property
Balcony
Central heating
Double glazing
Balcony
2 bathrooms
Ensuite
City centre location
A well-presented two-bedroom, two-bathroom apartment located in the highly sought-after M3 6FY area, offering an excellent opportunity for both investors and owner-occupiers. This property is particularly attractive to buy-to-let investors due to its strong rental demand and attractive yield.
The apartment features a spacious open-plan living and kitchen area, two generously sized bedrooms, and two modern bathrooms, providing comfortable and practical city living. Its location makes it a consistently popular rental property, appealing to professionals seeking convenient access to Manchester city centre, transport links, and local amenities.
Investment Highlights:
Current rental income: £1,140 per month (£13,680 per year)
Ground rent: £275 per year
Service charge: £2,165 per year
Net Yield: 6.9% net yield
This strong ~6.9% net yield combined with the property's proven rental history makes it a compelling opportunity for investors seeking a ready-to-perform asset in a popular rental location.
Key Features:
Two spacious bedrooms
Two modern bathrooms
Open-plan living and kitchen area
Long lease (250 years from 2016)
Proven rental income
Popular location with strong tenant demand
Attractive investment yield
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More information
Tenure
Leasehold (240 years)
Service charge
£2,165 per year
Council tax band
A
Ground rent
£275
Ground rent date of next review