Studio apartment

Montgomery House, Demesne Road, Manchester, M16 8PH

Size: 15 sqm

Purchase price

£28,000

Size: 15 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £4,000
Ground rent £200
Service charge £1,759
Lettings fees £277
Net income £1,764
Gross yield 14.29%
Net yield 6.30%

Studio accommodation unit in Manchester, with excellent rental returns. Currently tenanted for immediate investor income


**This fantastic investment opportunity has the potential to be let over the summer period as it was last summer for 8 weeks at £75pw which is another £600 income per annum.

We are pleased to present this great opportunity to invest in a tenanted student pod in the popular Montgomery House in the heart of the student hub, Manchester.

This great size student pod includes a double bed, wardrobe with drawers, study desk with drawers, chair, sink, wall-mounted mirror, wi-fi, tv point and window blind. This popular student development lets students have the option of picking a gender specific floor and features great communal facilities such as fully equipped communal kitchens, shower rooms, bathrooms, toilets and laundry rooms.


Montgomery House is a unique and grand building which features an onsite gymnasium and large communal lounge with French doors that lead to the outside patio area where there are timber picnic benches and just over two acres of well-maintained lawned area to enjoy; a great place to take part in sports, read, work or simply relax, no surprise as to why this is so popular with students.


The development is perfectly situated opposite classical Victorian Alexandra Park, sandwiched perfectly between Fallowfield and Manchester City Centre with all the major Manchester Universities near and just a 10-minute bus ride to the city centre.


Manchester is known as the student hub, with students travelling nationwide and from abroad to study at the well-known universities in the area. The demand for student accommodation is always extremely high in the city making this a lucrative opportunity to invest!

Interested in this property? Enquire today for more information

Key features

Key features

Tenanted for immediate income

Key features

Popular student accommodation

Key features

Local to universities

Key features

Fully furnished

Key features

Onsite private gym

Key features

Communal gardens

Key features

Good transport routes

Studio accommodation unit in Manchester, with excellent rental returns. Currently tenanted for immediate investor income More info...

**This fantastic investment opportunity has the potential to be let over the summer period as it was last summer for 8 weeks at £75pw which is another £600 income per annum.

We are pleased to present this great opportunity to invest in a tenanted student pod in the popular Montgomery House in the heart of the student hub, Manchester.

This great size student pod includes a double bed, wardrobe with drawers, study desk with drawers, chair, sink, wall-mounted mirror, wi-fi, tv point and window blind. This popular student development lets students have the option of picking a gender specific floor and features great communal facilities such as fully equipped communal kitchens, shower rooms, bathrooms, toilets and laundry rooms.


Montgomery House is a unique and grand building which features an onsite gymnasium and large communal lounge with French doors that lead to the outside patio area where there are timber picnic benches and just over two acres of well-maintained lawned area to enjoy; a great place to take part in sports, read, work or simply relax, no surprise as to why this is so popular with students.


The development is perfectly situated opposite classical Victorian Alexandra Park, sandwiched perfectly between Fallowfield and Manchester City Centre with all the major Manchester Universities near and just a 10-minute bus ride to the city centre.


Manchester is known as the student hub, with students travelling nationwide and from abroad to study at the well-known universities in the area. The demand for student accommodation is always extremely high in the city making this a lucrative opportunity to invest!

  • Key features
    Tick Desktop Tenanted for immediate income
    Tick Desktop Popular student accommodation
    Tick Desktop Local to universities
    Tick Desktop Fully furnished
    Tick Desktop Onsite private gym
    Tick Desktop Communal gardens
    Tick Desktop Good transport routes
  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £4,000
Ground rent £200
Service charge £1,759
Lettings fees £277
Net income £1,764
Gross yield 14.29%
Net yield 6.30%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.