Lakeside Rise, Manchester, M9
- PROPERTY TYPE
Duplex
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- Fully tenanted investment opportunity with a tenant in situ
- Attractive net yield of 7.9% after service charge and ground rent
- Two-bedroom, two-bathroom duplex apartment
- Well-connected location with easy access to Manchester City Centre
- Leasehold with approximately 103 years remaining
Description
The property is being sold with a long-standing tenant in situ of three years, currently generating a strong rental income of £14,400 per annum. After accounting for the service charge (£2,196 pa) and ground rent (£300 pa), the property delivers an attractive net yield of 7.9%, making it an ideal turnkey investment with immediate returns.
The duplex layout enhances tenant appeal, providing a practical separation of living and sleeping areas, while the two bathrooms add further convenience for sharers or professionals.
The apartment benefits from a leasehold term of approximately 103 years remaining. The location offers excellent transport connectivity, with nearby Metrolink tram stops and regular bus services providing easy access into Manchester City Centre. The M60 motorway is also within close reach, making the area highly convenient for commuters.
Lakeside Rise is a popular residential area benefiting from nearby green spaces and local amenities, while also being within easy reach of Manchester city centre, ensuring consistent tenant demand. The combination of accessibility and affordability makes this a strong rental location. It also benefits from EV charging points and is a secure, gated community.
Priced at £150,000, this is a fantastic opportunity for investors seeking a ready-made investment in a well-connected area with proven rental income and solid ongoing demand.
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- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Lakeside Rise, Manchester, M9
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Visit our security centre to find out moreDisclaimer - Property reference 16-lakeside-rise. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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