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Leasehold

£185,000

1 bed flat for sale

Middlewood Locks, 15 Middlewood Street, Salford M5
1 bed
1 bath
1 reception
Email agent

£185,000

1 bed flat for sale
Middlewood Locks, 15 Middlewood Street, Salford M5

    • 1 bed

    • 1 bath

    • 1 reception

  • EPC Rating: B

Leasehold

About this property

    A modern and spacious. 1-bed-1-bath with balcony on the 1st Floor apartment in Middlewood Locks. 516 sq ft of living space, with floor-to-ceiling windows and high-quality fittings.

    EWS1 B1 Rated. Safe from fire risks and mortgage-friendly. Ideal for both Investors and Owner-Occupants.
    Currently 6.81% Rental Yield @ £1050 pcm
    Projected 7.14% Rental Yield @ £1100 pcm
    Periodic Tenanted

    Lease Term: 999 Years Lease since 2018
    Service Charge: Approximately £2112.28 pa
    Ground Rent: Approximately £200 pa
    Council Tax Band - B
    EPC Rating - B

    Situated where the two great cities of Salford and Manchester meet, award-winning Middlewood Locks is the most exciting new, mixed-use neighbourhood within walking distance of the UK’s leading Regional City.

    This waterside development houses some of Manchester's most popular independent businesses such as 92 Degrees Coffee Shop and Co-Op.

    This spacious two bedroom apartment is finished to a high specification throughout and has a spacious light filled open plan layout, perfect for modern-day living as well as benefitting from a generous sized balcony.

    Middlewood Locks is a mixed-use multi award-winning Neighbourhood bringing Manchester and Salford together, with a canal-side location and just a short walk to the popular areas of Castlefield and Spinningfields. Whether you are heading over to the independent bars and restaurants of Chapel Street or taking a stroll into Spinningfields for some shopping, the location of this development is perfectly positioned to connect you to some of Manchester's most popular and fastest-growing areas.

    More information

    • Tenure

      Leasehold (991 years)

    • Service charge

      £2,112 per year

    • Council tax band

      A band has not yet been confirmed.

    • Ground rent

      £200

    • Ground rent date of next review

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