2 bedroom apartment for sale

  • £230,000
  • 6.7% Rental Yield
  • 87 ALI
Lexington, 42 Chorlton Street
For Sale

2 bedroom apartment for sale

Lexington, 42 Chorlton Street
  • £230,000
  • 6.7% Rental Yield
  • 87 ALI

Overview

Updated on October 17, 2023
  • Property Type
  • 2
  • Bedroom
  • 1
  • Bathroom
    • Sq Ft
  • Year Built

Description

DESCRIPTION This two-bedroom duplex apartment is located within the centrally located Lexington 42 development on Chorlton Street in the Village. This split-level apartment is positioned on the second floor and boasts high ceilings and double-height windows offering plenty of natural light. The living room is a great size and there is a fitted kitchen set back with integrated appliances. There are two double bedrooms, one of which is a mezzanine accessed by a spiral staircase. There is also a three-piece bathroom.

Lexington 42 is within minutes to Manchester University campuses, Canal Street, Whitworth Street and Portland Street putting you within reach of bars, shops, restaurants and transport links. Piccadilly Station and Piccadilly Bus Interchange is also a short walk away. 

GENERAL Rental Yield: 6.8% based on an estimated rental income of £1300pcm.
Service Charge: £1832.20 per annum
Ground Rent: This is included in the service charge.
Lease: 125 years from 26.08.1998
Floor Area: 728 sq.ft / 67.7 sq.m
Council Tax Band: D
Management Company: Scanlans  

HALLWAY Carpeted flooring, spotlights, access to storage cupboard housing the boiler and wall mounted heater. 

LIVING ROOM / DINING ROOM Double height windows, carpeted flooring, wall mounted heater, phone/TV point and ceiling lights.  

KITCHEN Set back from the living area, the kitchen comprises wall and base units, integrated fridge/freezer, space and plumbing for a washing machine, built in oven with four ring hob and extractor over, tiled flooring and spotlights.  

BEDROOM 1 Double height windows, carpeted flooring, wall mounted heater, ceiling lights.  

BEDROOM 2 On a mezzanine level, the second bedroom has space for a double bed and has laminate flooring.  

BATHROOM Accessed via the hallway, a three piece bathroom consisting a large shower, WC, sink with mixer tap, heated towel rail, extractor, spotlights, partially tiled walls and tiled flooring.  

Arical Liveability Index

87
Schools
Good
Restaurants
Outstanding
Transport
Outstanding
Services
Outstanding
Groceries
Outstanding
Safety
Outstanding

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Predicted Rental Yield

6.7%

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

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