504INS 86 Talbot Road

Welcome to apartment 504, located within the prestigious Insignia development on Talbot Road. This modern two-bedroom, two-bathroom apartment spans a generous 61 square feet and is situated on the fifth floor, offering delightful views of the surrounding area. Insignia is a remarkable ten-story residential building designed to provide affordable urban living while catering to those with an active lifestyle.

The apartment features a spacious open-plan lounge and kitchen area, perfect for both relaxation and entertaining. It comes fully furnished, allowing for a seamless transition whether you choose to occupy it yourself or utilise it as a short-term or long-term rental. Currently, the property is being let under a corporate/leisure short-stay model, generating a steady income.

One of the standout features of Insignia is its impressive roof terrace, which includes a full-service gym accessible to all residents. This amenity not only promotes a healthy lifestyle but also enhances the overall living experience. The development is surrounded by green spaces and sporting landmarks, making it an ideal location for those who appreciate outdoor activities.

In terms of financial performance, this apartment has demonstrated strong potential, with a 5% NET yield recorded between January and June 2022. More recently, the yield has increased to an impressive 7.5% due to higher occupancy levels, indicating a solid return on investment for prospective buyers or investors.

With a service charge of £1,542.16 per year and a current rental income of £1,200 per calendar month until 28th July 2024, this property presents an excellent opportunity in a highly accessible area near Metrolink services, Manchester City Centre, Media City, and the University Quarter. There is no chain involved, making this an attractive option for those looking to invest in a modern, well-connected living space in Manchester.