Manchester Street, Manchester M16 6 bed flat for sale

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Manchester Street, Manchester M16 6 bed flat for sale

Manchester Street, Manchester, M16
£375,000

Price History

Initial price £510,000
09/11/24 £150,000
18/11/24 £147,000
22/11/24 £145,000
28/11/24 £143,000
05/12/24 £141,000
07/12/24 £450,000
13/12/24 £400,000
20/12/24 £395,000
02/01/25 £390,000
17/01/25 £380,000
30/01/25 £375,000
Price Change -26.47%

Description

This property investment opportunity in Manchester consists of three 2-bedroom flats, each fully furnished and generating steady rental returns. The properties are located in a desirable area with excellent local transport links and feature modern kitchens, lounges, and bathrooms. The current tenants are situated, and the annual gross income is £36,300, which could be increased to £37,200 with long-term tenants. The leasehold properties have 125 years remaining from 2008, and the annual ground rent and service charge are £500 and £2774, respectively. The investment potential is substantial, making it an attractive addition to any property portfolio. With a current purchase price, this could be a worthwhile investment for investors looking to generate a steady income.