1 bedroom apartment for sale

  • £200,000
  • 6.5% Rental Yield
  • 93 ALI
SPECTRUM, BLOCK 11, BLACKFRIARS ROAD
For Sale

1 bedroom apartment for sale

SPECTRUM, BLOCK 11, BLACKFRIARS ROAD
  • £200,000
  • 6.5% Rental Yield
  • 93 ALI

Overview

Updated on October 11, 2023
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
    • Sq Ft
  • Year Built

Description

ONE DOUBLE BEDROOM APARTMENT - CASH BUYER

A spacious, 6th floor apartment located in Block 11 of the popular Spectrum development.

Open Plan Living. Fully fitted kitchen with integrated appliances, with a storage cupboard to house the washing machine. Storage cupboard in the entrance hall. Fully carpeted. Neat apartment bathroom, with shower over bath.

Located on Blackfriars Road, Salford, only a short walk to Manchester's main street Deansgate, with all the shops, department stores, bars and restaurants it has to offer. Also convenient for the inner ring road and Victoria Station.


The Spectrum residential block dos not yet have its EWS1 certification. Any mortgage buyer will need to shop around to ascertain which high mortgage lender will lend on the property. Cash buyers are welcome, too.

This property is tenanted on a fixed term contract until 01 October 2024 at £980 per month. Yield: 5.88%.
The earliest any owner occupier buyer would be able to take occupation would be after 02 October 2024, provided the tenant has vacated the property and the sale has completed by the tenancy contract end date.

Annual Service Charge: £1,442.
Service charge reviewal period: TBC
Annual Ground Rent: £275.
Ground rent review period: TBC
Leasehold: 235 Years
EPC: C. Certificate is valid until 27 December 2028.
Local Authority: Salford City Council.
Council Tax Band: Unknown, but could be either B or D.


PROPERTY MISDESCRIPTIONS ACT 1991. For clarification, The Good Estate Agency hereby informs prospective purchasers, that we have not carried out a detailed survey, nor have we tested any of the appliances or heating system and cannot give any warranties as to their full working order. Purchasers are advised to obtain independent specialist reports if they have any doubts. All measurements are approximate and should not be relied upon for carpets or furnishings.

While these particulars are believed to be accurate, they are not guaranteed and do not form a contract. Neither The Good Estate Agency nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 

 

Arical Liveability Index

93
Schools
Good
Restaurants
Outstanding
Transport
Outstanding
Services
Outstanding
Groceries
Outstanding
Safety
Outstanding

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Predicted Rental Yield

6.5%

Rental yield is the return a property investor is likely to achieve on a property

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