Burton Place, Manchester M15 2 bed flat for sale

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Burton Place, Manchester M15 2 bed flat for sale

Burton Place, Manchester M15
£175,000

Price History

Initial price £190,000
25/05/24 £188,000
09/10/24 £182,000
15/11/24 £190,000
11/03/25 £185,000
20/08/25 £180,000
29/09/25 £175,000
07/10/25 £180,000
12/10/25 £175,000
21/10/25 £180,000
27/10/25 £175,000
31/10/25 £180,000
10/11/25 £175,000
Price Change -7.89%

Description

This 2-bedroom tenanted investment property in Manchester's sought-after Castlefield area is being offered at a guide price of £190,000. The property is currently generating a rental income of £1,000 per month, equivalent to an annual gross yield of 6.31%. However, it's believed that the property could achieve a market rent of between £1,750 and £2,000 per month, resulting in a gross yield of 11-12.6%. The property is situated in a prime location, close to local amenities and transport links, and is part of a regeneration area with strong demand. With a potential for high yields and a unique blend of industrial heritage and modern urban living, this property presents an exciting investment opportunity in one of Manchester's most vibrant neighbourhoods.