Bankwell Street, Manchester, M15 5LN
- PROPERTY TYPE
Ground Flat
- BEDROOMS
2
- BATHROOMS
2
- SIZE
Ask agent
Key features
- NO CHAIN
- Potential 7.5% Yield
- Ground Floor
- Two Bedroom And Two Bathroom
- Allocated Parking
- Close To City Centre
- Ideal First Time Purchase
- Popular Location For Renters
- Scope For Modernisation
- QUOTE GY0737
Description
Investors, you need to stop and check this one out, situated in one of Manchester's hottest postcodes for first time buyers and investors you are getting the chance to purchase a property with potential yield of 7.5%.
The property is currently let at £695 PCM however the letting agent has informed that the current rental potential is currently £1000 PCM which will provide those strong yields of approx. 7.5%. It is believed the property can be bought with vacant possession or with the tenants in place who wish to stay at the property.
Bankwell Street is a tree lined road close to the city centre. The property is situated on the ground floor of the modern development in Hulme which provides easy access into town and around Manchester. The development has always been a popular one for a range of buyers and renters so expect void periods to be low.
Internally the property comprises two double bedrooms with an en-suite off the master, a generous living room open to the kitchen and a family bathroom. There is also a parking space in the secure car park which is part of the sale.
Quote GY0737 when requesting a viewing and be aware viewings will be hosted around the tenants.
FAQs
Reason for Selling: Sold with no chain as vendor looks to reduce portfolio
Tenure: Leasehold - 150 years from 1 January 2004 - Service charge approx £167 PCM - Ground rent - £250 PA
Council Tax Band: B
Note for buyers
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Prior to any sale being formally agreed any prospective purchaser will be required to provide evidence of funds as well as complete a third party anti-money laundering check to comply with all regulations. These checks at time of writing are £30 per anti money laundering check completed for each prospective purchaser.
While great care has been taken to produce this advertisement, it is the buyer’s responsibility to verify all information is correct and that all services and goods are in working order. These details were produced in conjunction with the vendor to ensure accuracy however this is not a guarantee and does not form the part of any contract going forward. Any measures taken are purely for display purposes and can be classed as approximates, the buyer should verify these measurements independently.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£125 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£2013.39
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
130 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
Bankwell Street, Manchester, M15 5LN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cornbrook Tram Stop0.6 miles
- Deansgate Station0.8 miles
- Trafford Bar Tram Stop0.8 miles
About the agent
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Visit our security centre to find out moreDisclaimer - Property reference S927254. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by eXp UK, North West. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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