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£163,000

(£237/sq. ft)

2 bed flat for sale
Blackburn 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

See all recent sales in M3

Property descriptions and related information displayed on this page are marketing materials provided by - The Property Place. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact The Property Place for full details and further information.