Summary - Woden Street, Salford, Greater Manchester, M5 4SG M5 4SG
3 bed 2 bath Apartment
Investment-ready three-double apartment near Salford Quays with parking and long lease..
- Three double bedrooms including master en-suite
- Currently tenanted producing £21,600 pa (tenant in situ)
- Open-plan living/kitchen with balcony and good natural light
- Allocated off-street parking space included
- Long lease (approx. 242 years remaining)
- Above-average service charge £4,566.44 pa
- Electric room heaters only (no communal gas central heating)
- Sold at auction; purchaser to accept auction terms and tenancy
Set on the fourth floor of a modern block close to Salford Quays, this three-double-bedroom apartment is presented as a ready-made investment, currently let and producing £21,600 per year (stated net yield c.6%). The well-proportioned open-plan living/kitchen, master en-suite and balcony offer practical rental appeal and good natural light from large windows.
The long lease (circa 242 years remaining) and allocated off-street parking are strong ownership advantages. Local transport links, nearby amenities and several 'Good' Ofsted schools add to tenant demand in this urban location.
Buyers should note the above-average service charge (£4,566pa) and annual ground rent (£345pa). Heating is by electric room heaters (no communal gas heating), and the property will be sold at auction with the tenant in situ, so purchasers should allow for auction terms and existing tenancy arrangements.
For investors this is a straightforward, low-management opportunity in a well-connected area; for owner-occupiers or first-time buyers the tenancy, service costs and electric heating are important practical considerations before purchase.
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