1 bedroom apartment for sale

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1 bedroom apartment for sale

Oldham Road, Manchester, Greater Manchester, M40
£150,000

Price History

Initial price £160,000
30/01/25 £150,000
Price Change -6.25%

Description

This 1-bedroom ground floor apartment on Oldham Road, Manchester, offers a modern and comfortable living space with a large open-plan living/dining/kitchen area, double bedroom, and bathroom. The property has been finished to a high standard and is currently let to a short-term let company under a lease agreement that expires in June 2025. The apartment block features security cameras throughout and is within walking distance to Manchester city centre. The asking price is £150,000, with a potential rental income of £9,300 per annum, offering a gross current yield of 6.2% and a net current yield of 5.2%. The property also comes with a ground rent of £250 per annum and a service charge of £1,281.83 per annum.