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1 bedroom apartment for sale
City Gardens, 3B, Spinners Way, Manchester, M15 4SP
£175,000
City Gardens, 3B, Spinners Way, Manchester, M15 4SP
£175,000
Our Summary
- This stunning second floor apartment offers a fantastic investment opportunity, generating an impressive yield of above 6% NET
Description
This stunning second-floor apartment in Manchester's trendy Castlefield neighborhood offers a fantastic investment opportunity, generating a net yield of 6.95% and a gross yield of 7.89%. The luxury apartment features an open-plan living area, floor-to-ceiling windows, a shower room, and storage cupboard, as well as a spacious private balcony with plenty of natural light. Located in the Manchester Gardens development, the apartment is within walking distance of the city center, yet still offers easy access to green spaces, canals, and waterfront bars and restaurants. The area has seen significant regeneration over the past 20 years, resulting in a 30% increase in property prices over the past year and a 51% increase since 2019. The apartment is available for investment, with lettings and management charges applying.