Furness Quay, Northill Apartments, M50
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
355 sq ft
33 sq m
Key features
- no ground rent
- tenant in situ
Description
An excellent investment opportunity or first-time purchase, ideally located close to Salford Quays, MediaCityUK and Manchester United Football Club.
Forming part of the popular Northill development, this studio apartment offers open-plan living with a fully fitted kitchen featuring integrated appliances. The property is ideally positioned for convenient access to the waterfront, local amenities and nearby Metrolink connections, providing easy access to Manchester city centre and the surrounding areas.
Residents benefit from a 24-hour concierge service, adding convenience and security. The property is offered for sale with no onward chain, allowing for a straightforward purchase process.
From an investment perspective, the apartment currently achieves £850 per calendar month (£10,200 per annum) in rental income. With an annual service charge of approximately £1,112 and no ongoing ground rent, the property offers an attractive proposition for buy-to-let investors.
At the asking price of £110,000, this equates to an approximate gross rental yield of 9.27%, making it an opportunity worth considering for investors seeking an income-producing property.
Key FeaturesAsking price: £110,000
Studio apartment
Located within the Northill development
Current rental income: £850 PCM (£10,200 per annum)
Approximate gross rental yield: 9.27%
Annual service charge: approximately £1,112
No ongoing ground rent
Open-plan living
Fully fitted kitchen with integrated appliances
24-hour concierge service
Close to Salford Quays, MediaCityUK and Manchester United Football Club
Convenient access to nearby Metrolink services
No onward chain
Leasehold property
Whether you’re looking for your first home or an investment property in a well-connected location, this studio apartment is well worth viewing.
EPC Rating: B
- 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.
- Band: B
- 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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Visit our security centre to find out moreDisclaimer - Property reference 83427c00-520c-4363-bc97-d680b98d1c05. 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 X1 Sales & Lettings, Salford. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.