2 bedroom flat for sale

>

2 bedroom flat for sale

Simpson Street, Manchester M4
£245,000

Price History

Initial price £285,000
31/07/24 £280,000
06/08/24 £275,000
14/08/24 £270,000
30/08/24 £265,000
08/09/24 £260,000
30/09/24 £255,000
07/10/24 £250,000
10/10/24 £245,000
16/10/24 £270,000
24/10/24 £265,000
30/10/24 £260,000
05/11/24 £255,000
12/11/24 £250,000
20/11/24 £245,000
Price Change -14.04%

Description

This 2-bedroom flat in Manchester is an attractive investment opportunity, offering a tenant currently in situ and generating an annual gross income of £19,200, which could increase to £24,000 with new tenants. The property is situated in the NOMA regeneration zone, which is expected to see a significant capital uplift over the medium to long term. The management company allows short-term corporate lets, providing the potential to maximize rental yields. The flat is just a 5-6 minute walk from Manchester Victoria Station and major transport links, as well as being close to amenities such as The Arndale Centre, Deansgate, and The Northern Quarter. With the current tenants having lived in the property for several years and having no intention to move out, this is a secure and lucrative investment opportunity for investors looking to expand their portfolio.