Summary - 31 LOCKTON CLOSE MANCHESTER M1 7JG
3 bed 1 bath Flat
**Property Overview:**
- **Type:** Duplex Maisonette (Second & Third Floor)
- **Bedrooms:** 3
- **Bathrooms:** 1
- **Size:** 936 sq. ft.
- **Tenure:** Leasehold (84 years remaining, requires renewal)
- **Parking:** Off-street, resident parking available
- **Price:** £240,000
Nestled in a vibrant and cosmopolitan neighborhood, this spacious duplex maisonette offers an exceptional opportunity for first-time buyers or investors. The property features three generously-sized bedrooms and a bright, open-plan living area that leads to a sunlit balcony, perfect for enjoying morning coffee or evening relaxation. Conveniently located just a stone’s throw from key amenities, including Manchester's renowned universities and public transport links, this property holds potential not just for comfortable living but also for attractive rental income. With potential rents estimated at around £1,750 PCM, this presents an exceptional yield of 8.57%.
While the property is chain-free and offers essential modern comforts with UPVC double glazing and gas central heating, it’s worth noting the leasehold situation; the lease has 84 years left and requires prompt renewal. This may be a factor to consider for future financial planning. Additionally, while the area provides vibrant city living, it is classified as deprived, which could affect long-term investment outlooks. Nonetheless, the convenience of nearby schools and a rich array of local amenities makes this property both a practical choice and a potentially lucrative investment. Don't miss out on this opportunity—properties in such a prime location tend to move quickly!
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