1 bedroom flat for sale

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1 bedroom flat for sale

Demesne Road, Manchester, Greater Manchester, M16
£1,000

Price History

Initial price £4,000
04/01/26 £1
08/01/26 £1,000
Price Change -75.00%

Description

This property is a studio apartment located in a prime rental location in Manchester, within walking distance to the city center, university campuses, and public transportation. The property is a hands-off investment opportunity, currently achieving a gross annual rent of £6,000 and offering a 22% net yield. The apartment is part of Montgomery House, a fully managed property with shared facilities including a gym, laundry, and communal kitchen. The location is ideal for students, with eight university and college campuses within a two-mile radius. The property is being sold by online auction and will be sold under auction terms, with no viewings allowed. The seller is seeking a hands-off investment opportunity, making it a great starter investment for those looking to enter the market.