2 bedroom apartment for sale

  • £145,000
  • 13.9% Rental Yield
  • 88 ALI
THE DRUM, STILLWATER DRIVE, SPORTCITY
For Sale

2 bedroom apartment for sale

THE DRUM, STILLWATER DRIVE, SPORTCITY
  • £145,000
  • 13.9% Rental Yield
  • 88 ALI

Overview

Updated on March 20, 2024
  • Property Type
  • 2
  • Bedroom
  • 2
  • Bathroom
    • Sq Ft
  • Year Built

Description

An excellent two bed, 1st floor apartment in the very popular area of Sportcity, Manchester. The property comprises of an entrance hall with a hall cupboard, an open plan living dining and fitted kitchen leading to an external balcony, two double bedrooms, a family bathroom with shower over bath and an en-suite to the master bedroom.

Located next to Manchester City`s Etihad Stadium and less than 3 miles to Manchester City Centre, accessed by the Etihad Campus and Velopark tram stations with trip times to Manchester Piccadilly taking only 8 minutes. The ring road is also easily accessed from this location, and there is a major supermarket on site offering great convenience.

The Drum development does not yet have its EWS1 certification. The developer has agreed, under The Pledge, to pay for the remedial work to the external cladding of the building. There may be certain banks who would be willing to lend on this property. In this regard you will need to shop around. Ideally, this sale would best suit a cash buyer.

Tenanted until 04 June 2024 at £825 per month, achieving a rental yield of 6.83%.

EPC: C. Certificate valid until 17 February 2029.
Annual service charge: £1,680.54. Period: 01 September to 31 August.
Service charge reviewal period: Annually. September month.
Annual ground rent: £0.00.
Leasehold remaining: 250 Years from 2007.
Local Authority: Manchester City Council.
Council Tax Band: B.



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

88
Schools
Good
Restaurants
Outstanding
Transport
Outstanding
Services
Good
Groceries
Outstanding
Safety
Outstanding

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Predicted Rental Yield

13.9%

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

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