Crown House

Key Features

• Location: First Floor Apartment in Crown House, a secure, gated block of 20 units
• Bedrooms: 2
• Bathrooms: 2
• Parking: 1 designated space
• Outdoor Space: Gardens both within the secured compound and outside the property
• Size: 60 sqm (EPC registered)
• Built: 2008 (No extensions or major building works since)
• Tenure: Leasehold – 134 years remaining (until 31st December 2159)

Financials

• Asking Price: Offers above £170,000
• EPC Rating: C
• 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
• 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: £13,800

Annual Cost (Ground + SC): £1,939 PA

Net Annual Rent: £11,861 PA 

Gross Yield: 8.12%

Net Yield: 6.98%

Note: These calculations do not include repairs, voids, or tax liabilities.

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

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

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*

Crown House - Key Points

Location

Manchester, United Kingdom