Initial price	£77,000
16/10/24	£69,000
29/10/24	£65,000
Price Change	-15.58%

This apartment, located in a popular area of Prestwich, Manchester, is being sold by online auction on November 13th, 2024, unless sold prior. The property, which is tenanted and not inspected, comprises an open-plan lounge/diner/kitchen, one bedroom, and bathroom, and is let on a 12-month fixed term at £750 per month. The tenants have expressed a desire to remain in situ. The property features many original period details and a modern finish, and is located near Manchester City Centre and Heaton Park, with excellent connectivity and transport links. Similar properties in the area have sold for around £110,000, and the property offers a strong return with over 11% yield based on the guide price. The ground rent is peppercorn, and the service charge is £600 per annum or £50 per month.