1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (970 years remaining)
- TO BE SOLD UNDER AUCTION TERMS
- POTENTIAL YIELD OVER 13.5%
- CLOSE TO NORTH MANCHESTER HOSPITAL
- GREAT LINKS TO CITY CENTRE
- PROMISING BUY TO LET INVESTMENT
- MODERN 2ND FLOOR FLAT
TO BE SOLD BY ONLINE AUCTION ON 24 TH APRIL 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
* Flat 20 Old School Court, Old School Drive M9 8DR *
Vacant second floor modern apartment comprising; intercom entry, hallway, lounge, modern kitchen, one bedroom and bathroom. Communal gardens.
* VIRTUAL VIEWING AVAILABLE *
An excellent opportunity for a buy to let investor to take on a lucrative investment with similar flats in the area commanding in the region of £650-£700 pcm which equates to £8400 per annum, it offers an impressive 13.5% yield based on today’s guide.
The property is located in a popular area and with high demand and little available, it makes a promising buy to let investment. There is a wide range of shops and supermarkets nearby and the property is ideally placed for access to Manchester city centre and the M60/M62. It is also ideally placed for access to North Manchester General Hospital, Booth Hall Children’s Hospital, Boggart Hole Clough, and North Manchester Sixth Form College.
Here are a handful of similar sold properties which highlight the potential to be unlocked:
5 Gillford Avenue Manchester M9 4HD - Sold - 11/05/2023 £102,000 Flat 1 beds 0.96 mi
28 Coppleridge Drive Manchester M8 4PB - Sold - 09/03/2023 £80,105 Flat 1 beds 0.87 mi
Apartment 3 73 Old Market Street Manchester M9 8DX- Sold - 19/06/2023 £98,000 Flat 2 beds 0.06 mi
Rental values in the area are in the region of £650-£700 PCM. Epc rated- E
Places of interest
See more properties like this:
*DISCLAIMER
Property reference EM-155458. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Edward Mellor - Auction.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on November 15, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on November 15, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.