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Leasehold

£125,000

2 bed flat for sale

Fairfield Road, Manchester M11
2 beds
1 bath
1 reception
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£125,000

2 bed flat for sale
Fairfield Road, Manchester M11

    • 2 beds

    • 1 bath

    • 1 reception

  • EPC Rating: C

Leasehold

About this property

    This modern ground-floor apartment offers an excellent investment opportunity, especially for those looking for a property with an existing tenant. Currently rented out at £700 per calendar month, the property holds the potential to increase rental income to £950 per calendar month, ensuring strong returns on investment.

    Upon entering the property, you are welcomed by a private entrance hall that leads to a bright and spacious open-plan lounge, dining, and kitchen area, perfect for modern living. The kitchen is fitted with contemporary units and integrated appliances, making it highly functional for tenants or potential owner-occupiers.

    There are two generously sized double bedrooms, providing comfortable accommodation. The modern three-piece fitted bathroom offers both style and practicality with high-quality fixtures.

    The property benefits from secure intercom entry, giving peace of mind to residents, and comes with designated residents parking, a much-appreciated convenience in any apartment complex.

    Fully double glazed and gas centrally heated, the apartment is energy efficient with an EPC rating of C. The property is leasehold with 233 years remaining on the lease, giving long-term security for the new owner.

    Located in a desirable area with excellent transport links and local amenities, this apartment would make an ideal purchase for investors looking for a low-maintenance, high-yield rental property. The council tax band is B, keeping living costs manageable for tenants. Service Charge is £600.00 per quarter and includes Ground rent.

    More information

    • Tenure

      Leasehold (232 years)

    • Service charge

      £600 per year

    • Council tax band

    • Ground rent

    • Ground rent date of next review

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