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
Price Change -7.89%

Description

Prime Property Auctions presents a 2-bedroom tenanted investment property in Manchester's sought-after Castlefield location, with a guide price of £190,000. The property is currently rented out for £1,000 per month, generating an annual gross yield of 6.31%, but has the potential to achieve a market rent of £1,750-£2,000 per month, resulting in a gross yield of 11-12.6%. The property features an entrance hallway, living room/dining room, two bedrooms, a bathroom, and a balcony. With recent sales evidence from similar properties in the area, this property presents a potentially high-yielding investment opportunity. The location offers excellent transport links, proximity to Manchester city centre, and a range of amenities, making it an attractive destination for businesses, residents, and visitors.