1 bed flat for sale in Hulme Street, Salford M5, £189,950

189,950.00

Offer Nr.:
66658887
Type of ad:
for Sale
Property type:
1 bed flat
Bedrooms:
1
Bathrooms:
1
Reception rooms:
1
Contact name:
Pure
Phone(s):
0161 937 0434

* Leasehold
* 1 Double Bedroom
* Open Plan Living Space
* Tenants In Situ
* Gym & Sauna Facilities
* Pool & Cinema Room
* Yield Of 6. 6%
Pure Investor is delighted to bring to the market this 1 - bed, 3rd - floor
apartment in the very popular Local Crescent residence in Salford. Being one
of the larger 1 - bed apartments in the developments the living/kitchen space is
particularly big and offers space for dining, cooking, and entertaining. The
apartment comes with a tenant in situ who is currently paying £950. 00pcm. We
believe the current market rate for the apartment would be around
£1, 100. 00pcm.
Local Crescent is a stand - out development from renowned Salford - based
developers Salboy which offers the next level of luxe living for those looking
to live or invest in Salford. The facilities on site include a heated swimming
pool, cinema room, yoga studio, gym, laundrette, courtyard gardens, 24hr
concierge, solarium, sauna & spa.
The apartment itself is located on the third floor with views back over
Salford town centre & has a contemporary finish with best - in - class fittings.
The accommodation comprises; an open plan living room/kitchen with breakfast
bar, ample storage, large bedroom with a Jack & Jill bathroom suite.
Ideally situated just a few minutes walk to the City Centre, yet still within
easy reach of Salford University, The Royal Hospital & Media City. This
apartment really offers everything you need!
Investment Information
Full address: Flat 314, Block C, Local Crescent, Salford, Manchester M5 4ZH
Number of bedrooms: 1
Number of bathrooms: 1
Purchase price: £189, 950. 00
Rent per month: £1, 050. 00
Annual rental income: £12, 600. 00 per annum
Service charge: £1, 972. 56 per annum
Ground rent: £168. 00 per annum
Gross yield: 6. 6%
Net yield: 5. 5%
Expected rental income (current market rate): £1, 100. 00 pcm
Expected gross yield: 6. 9%
Expected net yield: 5. 8%
Leasehold: 250 years remaining from 5th October 2020.
Council tax band: A
EPC: B (83)

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