Summary - Express Networks, 6 Oldham Road M4 M4 5DB
2 bed 2 bath Apartment
Chain-free fourth-floor flat with strong rental potential; cash buyers only..
Chain free fourth-floor flat with balcony and lift access
Set on the fourth floor of Express Networks in Ancoats, this two-bedroom flat offers straightforward investment appeal. Similar flats in the building achieve around £1,200pcm, producing an indicative gross yield of about 9.6%, and the property is offered chain free. The apartment includes an open-plan living area with balcony, a fitted kitchen with integrated appliances, two double bedrooms, an en suite wet room and a separate bathroom.
Practical details important to buyers: the flat is leasehold with 132 years remaining, ground rent is £150 per year and the service charge is to be confirmed. Heating is by electric room heaters and main fuel is electricity, which can mean higher ongoing running costs compared with gas-heated homes. Broadband is FTTC (average speeds) and there is no flood risk.
The building provides secure communal entry and lifts to all floors, and its location on the edge of central Ancoats means excellent access to local transport, amenities and student rental demand. The immediate area is a multicultural, cosmopolitan student neighbourhood with very low crime but is classified as very deprived, which affects some buyer profiles and long-term area perceptions.
This is a cash-only opportunity suited to buy-to-let investors or cash buyers who can accept electric heating and an outstanding service charge figure. It presents immediate rental potential and minimal chain complication, but factor in running costs and the yet-to-be-confirmed service charge when assessing overall returns.
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