£179,950
1 bed flat for saleOrdsall Lane, Manchester M5
1 bed
1 bath
1 reception
TKI Residential
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About this property
Tenant in situ – generating immediate rental income from day one
£1,150 pcm rental income achieving an estimated 7.7% gross yield
Spacious one-bedroom apartment finished to a modern standard
Minutes from MediaCity, Salford Quays and major employers including the BBC & itv
Strong rental demand from young professionals
Excellent transport links via Metrolink, road networks and bus routes
A superb opportunity to acquire a well-presented one-bedroom apartment on sought-after Ordsall Lane, ideally positioned for easy access to MediaCity, Salford Quays and Manchester City Centre. With a tenant already in situ paying approximately £1,150 pcm, the property offers investors an immediate income from day one, equating to an estimated 7.7% gross yield based on the asking price of £179,950.
Perfectly located for professionals working in MediaCity and the wider city centre, the development benefits from excellent transport connections including Metrolink, bus routes and quick access into central Manchester. MediaCity is home to major employers including the BBC, itv and over 250 creative and technology businesses, continuing to drive strong rental demand in the area.
Ground Rent: Peppercorn
Service Charge: £2,350
Tenure: 242 years remaining
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More information
Tenure
Leasehold (995 years)
Service charge
£2,350 per year
Council tax band
Ground rent
Ground rent date of next review