Investment Highlights
- First floor, 2 bedroom, 2 bathroom property
- Designated parking space included as standard
- Gardens both within the secured compound and outside the property
- EPC registered property (EPC Rating: C)
- Built in 2008 (No extensions or major building works since)
- Leasehold property with 134 years remaining (until 31st December 2159)
Financial Breakdown
- Asking Price: Offers above £170,000
- Ground Rent: £170 p.a. (fixed, invoiced annually in July)
- Service Charge: £1,769 p.a. (typically reviewed annually by RMG)
- Letting Agent: None – Fully self-managed
- Tenure Documentation: EWS1 Certificate Available
Yield Analysis
- Gross Annual Rent: £15,000
- Total Annual Costs: £2,890
- Net Annual Rent: £11,861
- Gross Yield: 8.12%
- Net Yield: 6.98%
Note: These calculations do not include repairs, voids, or tax liabilities.
Tenant Profile
- Long-term, stable tenancy in place
- No history of late payments or complaints
- Current tenancy runs from August 2023 with ongoing interest in renewal
Current Tenancy
- Started: 26th August 2023
- Rental Income: £1,150 PCM / £13,800 per annum
- Fully tenanted – Tenants wish to remain
- No arrears; historically 100% rent collection
Why Invest Here?
- Secure Gated Development
- Excellent Location with transport links to Manchester Airport & City Centre
- EWS1 Certificate Compliant
- High Occupancy Rate – Apartments in this block typically rent within a week
- No Major Works Needed – Excellent internal condition
- Long Lease – Over 130 years remaining
- Straightforward Management – No managing agent fees
Additional Notes
- Self-Managed Investment – Flexibility and cost-efficiency
- All building regulations met at original construction (2008)
*Viewings of this property are available; however, please note the property is tenanted and we need to respect the tenants’ right to a peaceful environment. As such, we will require proof of funds from all parties before booking a viewing appointment. On receipt of the above, we will then arrange access*
