Studio apartment

Adelphi Wharf Phase 3, Manchester M3 6GH

Size: sqm

Purchase price

£120,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £7,500
Ground rent £250
Service charge £820
Lettings fees £900
Net income £5,530
Gross yield 6.25%
Net yield 4.61%

This well proportioned studio is located on the second floor of the newest phase at Adelphi Wharf, a modern waterfront development in Salford. As expected with a new apartment, the accommodation is immaculate throughout and briefly comprises of; bright open plan living space with balcony which that boasts beautiful river views, fitted kitchen with integrated appliances, spacious bed space, fully-fitted shower room, and large storage cupboard.

Manchester city centre is just a short walk from this exciting new waterside development which overlooks the River Irwell. There are a number of transport links close by, such as Salford Crescent train station and numerous bus routes. There is also easy access to the nearby motorway network. The local area also offers a selection of bars, shops and restaurants along Chapel Street and green space in the form of Peel Park.

The price growth in Salford is higher than the national average, with the 2 year growth at 1.2 times the national average. The average house price in Salford, M3 is £265,507 and the average rent is £916. The area surrounding Adelphi Wharf has also seen a huge amount of regeneration including the ongoing redevelopment of Chapel Street and the New Bailey area of the city. This is an exciting time to invest in Adelphi Wharf, so enquire today to avoid disappointment.

**EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY IN AN UNRIVALLED LOCATION WITH EXCELLENT TRANSPORT LINKS**BALCONY WITH RIVER VIEWS**

Interested in this property? Enquire today for more information

Key features

Key features

ALREADY TENANTED INVESTMENT PROPERTY

Key features

NEW DEVELOPMENT

Key features

WALKING DISTANCE TO MANCHESTER CITY CENTRE

Key features

BALCONY WITH RIVER VIEWS

Key features

WELL PROPORTIONED ACCOMODATION

Key features

CLOSE TO SALFORD UNIVERSITY AND TRANSPORT LINKS

**EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY IN AN UNRIVALLED LOCATION WITH EXCELLENT TRANSPORT LINKS**BALCONY WITH RIVER VIEWS** More info...

This well proportioned studio is located on the second floor of the newest phase at Adelphi Wharf, a modern waterfront development in Salford. As expected with a new apartment, the accommodation is immaculate throughout and briefly comprises of; bright open plan living space with balcony which that boasts beautiful river views, fitted kitchen with integrated appliances, spacious bed space, fully-fitted shower room, and large storage cupboard.

Manchester city centre is just a short walk from this exciting new waterside development which overlooks the River Irwell. There are a number of transport links close by, such as Salford Crescent train station and numerous bus routes. There is also easy access to the nearby motorway network. The local area also offers a selection of bars, shops and restaurants along Chapel Street and green space in the form of Peel Park.

The price growth in Salford is higher than the national average, with the 2 year growth at 1.2 times the national average. The average house price in Salford, M3 is £265,507 and the average rent is £916. The area surrounding Adelphi Wharf has also seen a huge amount of regeneration including the ongoing redevelopment of Chapel Street and the New Bailey area of the city. This is an exciting time to invest in Adelphi Wharf, so enquire today to avoid disappointment.

  • Key features
    Tick Desktop ALREADY TENANTED INVESTMENT PROPERTY
    Tick Desktop NEW DEVELOPMENT
    Tick Desktop WALKING DISTANCE TO MANCHESTER CITY CENTRE
    Tick Desktop BALCONY WITH RIVER VIEWS
    Tick Desktop WELL PROPORTIONED ACCOMODATION
    Tick Desktop CLOSE TO SALFORD UNIVERSITY AND TRANSPORT LINKS
  • LocationLocation
  • EPCEPC

*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 £7,500
Ground rent £250
Service charge £820
Lettings fees £900
Net income £5,530
Gross yield 6.25%
Net yield 4.61%

*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.