Home Search Results Buy to Let (Tenant in Situ) 2 bedroom flat with tenant in Manchester (hands free investing)
Agent
5 days ago
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2 bedroom flat with tenant in Manchester (hands free investing)

Area: Manchester
Buy to Let (Tenant in Situ)
£114,000
Bedrooms: 2
Bathrooms: 1
Property Size: 867 ft²
Market Status: ON
Property Purchase Price: £114,000
Fair Market Value: £138,000
Price Negotiable?: yes
Gross Yield: 7,89
Sourcing Fee (including VAT): £3,000
Legal Fees: £1,500

The first-floor flat is an ideal investment opportunity for anyone looking to generate a steady income. With its prime location, this property offers excellent rental potential with tenants already in situ.

Good area with easy access to a range of local amenities. 

Private parking

The apartment is sold with a tenant who is interested in staying with the new owner.

The current tenant pays £550 a month rent (yield 5,78), the average rent in the area is £750 (yield 7,89). If the tenant leaves, I recommend redecorating the flat and making minor cosmetic improvements to increase the rent and better position in the offer.

Tenant care is provided. If interested, I can also organize a repair of the apartment (painting and minor cosmetics repairs) for a new tenant with a reliable company.

Leasehold 154 yers, £70 /month

Features

Central Heating
Close to Amenities
Include white goods
Kitchen
Off-Street Parking
Unfurnished
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