Summary - BROOK HOUSE, 64 APARTMENT 13 ELLESMERE STREET MANCHESTER M15 4QS
1 bed 1 bath Apartment
**Investment Opportunity Highlights:**
- **Location**: Sought-after Castlefield area, close to Manchester City Centre.
- **Current Status**: Tenanted until June 2025, yielding a strong 7.6%.
- **Features**: One double bedroom, open-plan kitchen/living room, compact layout, large windows offering natural light, and a balcony.
- **Property Condition**: Constructed between 2003-2006, equipped with double glazing and modern heating.
- **Affordability**: Low council tax and reasonable ground rent of £200.
This modern one-bedroom apartment situated on the upper floor in Castlefield represents a prime investment opportunity for investors looking to tap into Manchester's vibrant rental market. Spanning 541 square feet, the property boasts a spacious double bedroom and a cleverly designed open-plan living space that maximizes natural light, perfect for young professionals or students. The area is known for its cosmopolitan feel, with an array of high-end bars and restaurants just a short stroll away, making it a desirable location for tenants.
While the property is currently tenanted, providing an instant yield, it's important to note that the tenant's lease extends until June 2025. This could be seen as a downside for buyers looking for immediate personal occupancy. However, the long-term potential in a low-crime area with fast connectivity options makes this a standout investment. The apartment’s modern amenities and proximity to the city center create an appealing lifestyle choice that can attract quality tenants for years to come. With an affordable entry price of £140,000, this is an opportunity not to be missed. Act quickly to secure this exclusive gem in Castlefield!
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