1 Bedroom Apartment

3B Spinners Way, 
Manchester, 
M15 4SP
Purchase price
£165,000
  • Size: 40 sqm
  • Tenanted
BEAUTIFUL ONE BEDROOM APARTMENT WITH LARGE BALCONY IN THE TRENDY CASTLEFIELD NEIGHBOURHOOD! Second floor apartment within walking distance of Manchester city centre with fantastic transport links.
  • Financial Performance*
Gross rent
£14,400
Ground rent
£300
Service charge
£1,338
Net income
£12,762
Gross yield
8.73%
Net yield
7.73%
  • Key Features
  • Luxury city centre apartment
  • Located in the sought-after Castlefield area
  • Ready made buy-to-let investment
  • 6.95% NET return on investment
  • Walking distance to the city centre
  • Close to waterfront bars and restaurants
  • Close to Metrolink stop and road links
  • Finished to a high standard throughout
  • Extremely spacious private balcony
  • One double bedroom

This stunning second floor apartment offers a fantastic investment opportunity, generating an impressive yield of 6.95% NET. The luxury apartment is finished to a high specification and consists of open plan living area, floor to ceiling windows, shower room and storage cupboard. The standout feature is the impressive and spacious private balcony which fills the apartment with natural light and provides plenty of space for relaxing and outdoor living.

City Gardens forms part of the Manchester Gardens development, which completed only in recent years by award winning architects and developers and has quickly become a very trendy and desirable neighbourhood. Sitting in the inner-city oasis of Castlefield, at the edge of Manchester city centre, the location is ideal for those wanting to be within walking distance of the city whilst still being able to enjoy green spaces and canals, waterfront bars and restaurants and have easy access to excellent transport links.

Castlefield has benefited from significant regeneration over the past 20 years which has transformed it into a luxury property investment hotspot. This is reflected in figures obtained from Rightmove which show the average price of an apartment in the area currently stands at £353,864, with prices in the last year increasing by 30% and by an outstanding 51% since 2019.

Please note, lettings and management charges may apply.

  • Financial Performance *
Gross rent
£14,400
Ground rent
£300
Service charge
£1,338
Net income
£12,762
Gross yield
8.73%
Net yield
7.73%

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1 Bedroom Apartment

3B Spinners Way, 
Manchester
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*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
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  • EPC