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Two Bedroom Apartment

Urban Green, Manchester

£235,000Guide Price

  • Two bedroom apartment
  • Net yield of  5.62%
  • Rental income of £1,350pcm
  • Strong rental growth potential
  • Priced to sell

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Trafford, Manchester

Two Bedroom Apartment | £235,000 | £1,350pcm rental per month

A two-bedroom, two-bathroom apartment within the newer Urban Green development, offering an appealing opportunity to acquire a tenanted investment in a well-connected Manchester location.
Situated on the second floor, Apartment 208 combines a practical two-bedroom layout with the convenience of two bathrooms, including one en suite. An EPC rating of B adds to its appeal, offering energy efficiency that matters to both landlords and tenants.
The property is currently let to working professionals at £1,325 per calendar month. The tenants have expressed a wish to remain, presenting an opportunity for a purchaser seeking continuity of occupation and an existing rental income, subject to the tenancy terms.
Property Highlights
A Location With Lifestyle & Commuter Appeal
Urban Green brings together the convenience of city access with a setting beside Seymour Park. Nearby Trafford Bar Metrolink provides convenient connections towards Manchester city centre, while White City Retail Park offers accessible shopping and everyday amenities. This combination of green space, transport and retail is an attractive proposition for professional tenants.
Old Trafford also places residents within reach of Manchester’s renowned sporting destinations, with the wider leisure and employment hubs of the city centre, Salford Quays and MediaCity adding to the location’s appeal.
For investors, the property offers a straightforward proposition: an established tenancy, a modern two-bedroom apartment and a location suited to tenants seeking convenient access to work and leisure.
Investment Overview
Item
Amount
Asking price
£235,000
Current monthly rent
£1,325
Annual rental income
£15,900
Annual service charge
£2,458
Annual ground rent
£243
Income after service charge and ground rent
£13,199 per annum
Gross rental yield
6.77%
Net yield after service charge and ground rent only
5.62%
Tenure & Essential Information
Tenure: Leasehold
Lease term: 250 years from and including 1 January 2023
Service charge: £2,458 per annum
Ground rent: £243 per annum
EPC: B
Parking: No designated parking
Occupancy: Sold with tenants in situ

Return on Capital Employed (ROCE) Calculator

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£235,000.00

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