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One-bedroom flat in well-maintained building

Manchester, M16 - Get Access

1 bed 1 bath

Description

Serviced accommodation within an extremely well-maintained and professionally managed building, this tenanted investment property generates £450pcm (£5,400 pa). The studio 'pod' style accommodation includes a bedroom, sitting room, and washing facilities, with shared amenities such as a fitness gym, laundry, and communal kitchen areas. This is a perfect, low-cost addition to any investment portfolio, offering a good rental return in a location with high demand and a professionally managed building, making it a highly appealing option for investors. Its prime rental location boasts massive tenant demand, situated only 2 miles from Manchester City Centre and just over 1 mile from the main campus of the University of Manchester and Manchester University Metro Campus. With eight university and college campuses within a two-mile radius and excellent transport links, Montgomery House is ideally situated for students, though it is not exclusively student accommodation. This property has a 150-year leasehold with 144 years unexpired. Montgomery House Student Accommodation is located opposite the classical Victorian Alexandra Park, perfectly situated between Fallowfield and Manchester City Centre, with all major Manchester Universities in close proximity and only a 10-minute bus ride to the city centre. The property is within the grounds of Montgomery House, close to the local shops and amenities of Manchester City Centre, with the open spaces of Alexandra Park nearby. Transport links are provided by Manchester Oxford Road and Deans Gate rail stations.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 450 sq ft

The property is a studio flat within a purpose-built block, and its valuation has been primarily based on the sale price per square foot of similar units within the same building. The location and proximity to universities and the city centre have also been considered, along with the property's condition and the provided rental income.

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