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1 bedroom apartment for sale
29 New Bailey Street, Salford M3
£230,000
29 New Bailey Street, Salford M3
£230,000
Price History
Initial price | £250,000 |
03/12/24 | £240,000 |
10/04/25 | £230,000 |
Price Change | -8.00% |
Description
This fabulous investment opportunity is a fully furnished apartment in the desirable New Bailey Street development, located in the heart of Manchester's city centre. The property is currently generating an impressive £1,275 per month in rental income, making it a lucrative addition to a growing portfolio. The high-spec apartment features an open-plan living area with floor-to-ceiling windows, high-spec kitchen, double bedroom, and stylish main bathroom. The development offers a range of first-class amenities, including a 24-hour concierge, gym, social lounges, and regular resident events. With its prime location, residents are within walking distance of Spinningfields, Deansgate, and award-winning restaurants, as well as unrivalled shopping and entertainment facilities. The property offers a gross yield of 6.65% and a net yield of 5.48%, making it an attractive investment opportunity for those looking to diversify their portfolio.