1 bed flat for sale

Three60, Silvercroft Street, Manchester M15

On Road Property is delighted to present this stylish high-floor one-bedroom apartment at Three60, located within Manchester’s landmark New Jackson neighbourhood and benefiting from open views across the city.

Offered furnished and sold with a tenant in situ, the apartment is currently achieving £1,750 pcm, equivalent to £21,000 per annum. Based on the asking price of £265,000, this represents an attractive gross rental yield of approximately 7.9%.

The apartment benefits from open views across Manchester, floor-to-ceiling windows and excellent natural light throughout.

The accommodation comprises an entrance hallway, a bright open-plan living and kitchen area, a well-proportioned double bedroom and a modern bathroom. The contemporary kitchen is finished with a sleek, high-quality worktop and an integrated sink basin, creating a clean and seamless look. It also benefits from a built-in fridge freezer, oven and dishwasher, making the apartment well equipped for modern city-centre living.

For investors, the property provides the benefit of an existing tenancy and immediate rental income from completion, subject to the terms of the tenancy agreement.

One-bedroom apartments in this part of Manchester continue to attract strong rental demand, particularly from tenants seeking modern city-centre accommodation. Three60 further enhances this appeal with its prime New Jackson location, high-quality residents’ facilities and proximity to Manchester city centre employment hubs.

New Jackson has established itself as one of Manchester city centre’s most recognisable modern residential districts, with convenient access to Deansgate, Castlefield and Spinningfields.

The development offers an excellent range of residents’ facilities, including a 24-hour concierge, residents’ gym, Peloton spin studio, yoga studio, residents’ lounge, co-working spaces and residents’ terrace.

Three60 is ideally positioned for access to Deansgate, Castlefield, Spinningfields and Manchester city centre’s restaurants, bars, retail and leisure amenities. Deansgate railway station and Deansgate-Castlefield Metrolink are also within easy reach, providing excellent connectivity across Manchester and beyond.

With an existing tenant paying £1,750 pcm, a gross rental income of £21,000 per annum and an asking price of £265,000, this apartment represents an attractive opportunity for investors seeking an income-producing property within one of Manchester city centre’s most prominent residential developments.

Early viewing is highly recommended.

Key Features
- tenant in situ

- current rent £1,750 pcm
- £21,000 annual rental income
- approx. 7.9% gross rental yield
- high-floor one-bedroom apartment
- open views across manchester
- offered furnished - floor-to-ceiling windows

- 24-hour concierge - residents’ gym

- peloton spin and yoga studios

- residents’ lounge and co-working spaces
- residents’ terrace
- prime new jackson location
- excellent investment opportunity


Property Information

Tenure: Leasehold
Service Charge: £451.36 per quarter, approximately £1,805.44 p.a.
Ground Rent: £262 p.a.
Council Tax Band: C
EPC Rating: B
Furnishing: Furnished
Current Rent: £1,750 pcm
Annual Rental Income: £21,000
Gross Rental Yield: Approximately 7.9% based on the asking price of £265,000
Occupancy: Tenant in situ
Chain: No onward chain

Investor Note

The property is currently let at £1,750 pcm, producing an annual rental income of £21,000. Based on the asking price of £265,000, this equates to a gross rental yield of approximately 7.9%.

The apartment is being sold with the existing tenant in situ, providing an incoming investor with an established rental income stream from completion, subject to the terms of the existing tenancy agreement.

Investors should review the tenancy agreement and satisfy themselves regarding all tenancy terms, rental payments and associated costs. The stated gross yield does not take account of service charge, ground rent, letting or management fees, maintenance costs, mortgage costs or taxation.

Disclaimer

These particulars are provided by On Road Property for general guidance only and do not form part of any offer, contract, representation or warranty. While every effort has been made to ensure accuracy, no responsibility is accepted for any error, omission or misstatement.

All details, including tenure, lease length, service charge, ground rent, management fees, building information, utilities, council tax, current rent, tenancy information, investment figures, fixtures, fittings and appliances, are provided by the seller, managing agent or third parties and have not been independently verified by On Road Property.

The stated rental yield is a gross yield calculated using the current rent of £1,750 pcm and the asking price of £265,000. It does not take account of service charge, ground rent, management fees, maintenance, mortgage costs, taxation, void periods or any other expenditure.

Measurements, distances, travel times, photographs, floor plans and maps are approximate and for illustration only. Interested parties should satisfy themselves by inspection, survey, legal enquiries or otherwise before making any offer or entering into any agreement.

On Road Property and its employees have no authority to make or give any representation, warranty or guarantee in relation to this property.