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2 bedroom flat for sale
Simpson Street, Manchester M4
£245,000
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.