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9 bedroom flat for sale
Portland Crescent, Manchester, Greater Manchester, M13
£1,050,000
Portland Crescent, Manchester, Greater Manchester, M13
£1,050,000
Price History
Initial price | £1,100,000 |
31/10/24 | £1,050,000 |
Price Change | -4.55% |
Description
This rare freehold residential investment property comprises eight self-contained apartments over four floors, with a total square footage of 4271 sq ft. The apartments, which include one studio, six one-bedroom, and one two-bedroom unit, offer outdoor shared space and off-street car parking. The property has been well-maintained but presents opportunities for refurbishment and reconfiguration to increase its value. Currently, the flats are occupied by professional tenants, with a passing rent of £92,640 per annum. However, the current rents do not reflect market value, and there is potential to increase the yield by improving the rents and capitalizing on the high demand for short lets in the area.