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Portfolio8 are delighted to bring to the market this 2-bedroom semi-detached property in Gorton, Manchester. The property was built in 2017 and is situated in a popular residential estate which was been remodelled and updated in the past 10 years. 


Price:

£215,000.00

Gross Rent:

£12,000.00

Gross Yield:

5.6%

Tenancy Status: Tenanted

Tenure: Leasehold

Furnishings: Unfurnished

The Property

Bedrooms
Bedrooms: 2
Bathrooms
Bathrooms: 2
Public Rooms
Public Rooms: 1
Furnishings
Unfurnished
Size
669

View Floorplan

There is currently a tenant in situ at the property and would ideally be looking to stay however the seller is open to the idea of selling as a buy to let or to someone looking to reside in the property. The location of the property is one of the main selling points as it is adjacent to Hyde Road which takes you directly from Manchester city centre through to the Denton Rock which is where the M60 & M67 motorways are accessible.

 

Investment highlights

  • Purchase price - £215,000.00
  • Current rental figures - £850.00pcm
  • Expected rental figures £1,000.00pcm (similar property has just rented for this)
  • Current yield – 4.7% per annum
  • Expected yield – 5.6% per annum
  • Leasehold – 193 years remaining
  • Great expectation for capital appreciation due to Manchester city centre growth
  • New build so no refurb costs needed
  • Driveway for 2 cars
  • On cul-de-sac
  • 2 Double bedrooms
  • Tenants contract due to end 30/08/2022

 

Nearby locations

Schools

  • Co-op Academy Belle Vue – 10 minute walk
  • All Saints Primary School – 3 minute walk
  • St Francis Primary School – 13 minute walk
  • St Peter’s High School – 15 minute walk

Supermarkets

  • Tesco Extra Gorton – 6 minute drive
  • Aldi – 5 minute drive

Transport links

  • Bus stop 30 seconds walk (buses to Hyde/Stockport and Manchester city centre)
  • Ashbury’s train station – 11 minute walk
  • Ardwick train station – 5 minute drive

 

Payment Plan

  1. Reserve your unit with a signed reservation form
  2. Sourcing fee of £2,500 + VAT (50% paid upfront & the remaining 50% paid upon completion)
  3. Provide certified ID, proof of address and proof of funds to Pure Investor
  4. Solicitors instructed
  5. Remaining balance due on completion


Specialists in selling tenanted property for investors and landlords.

Earn rental income right up to completion.

Avoid costly void periods.

No need to evict tenants and distrut lives.

We have 1000's of investors actively seeking tenanted properties.

Portfolio8 - Property Investment

Get a question?

Our hugely experienced sales team are here to help you.

Contact Us

If you would like further details about this investment opportunity, please contact us using the form below or call us directly.

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Call: +44 (0) 161 537 2727