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One-bedroom flat

Manchester, M16 - Get Access

1 bed

Description

Serviced accommodation within an extremely well-maintained and professionally managed building. Recently refurbished, vacant, and ready for immediate occupation. Estimated rental £600pcm. Studio 'pod' style accommodation with bedroom, sitting room, and washing facilities. Shared facilities include access to a fitness gym, laundry, and communal kitchen areas. A perfect, low-cost addition to any investment portfolio with a good rental return in an extremely high-demand location and professionally managed building. Prime rental location with massive tenant demand, only 2 miles from Manchester City Centre and just over 1 mile from the University of Manchester main Campus and Manchester University Metro Campus. Eight university and college campuses within a two-mile radius and excellent transport links. Montgomery House is in an ideal location for students, but it is not exclusively student accommodation. Prime investment opportunity – serviced accommodation within an extremely well-maintained and professionally managed building. 150-year leasehold with 144 years unexpired on the property. Montgomery House Student Accommodation is nicely situated opposite the classical Victorian Alexandra Park, sandwiched perfectly between Fallowfield and Manchester City Centre with all the major Manchester Universities in close proximity and just a 10-minute bus ride to the city centre. The property is situated in the grounds of Montgomery House within close proximity to the local shops and amenities of Manchester City Centre. The open spaces of Alexandra Park are within easy reach. Transport links are provided by Manchester Oxford Road and Deans Gate rail stations. Manchester is the largest and most populous city in the North West of England with the UK's fifth largest population over 500,000 with over 2 million people in the Greater Manchester area. Manchester offers outstanding transport links, including the largest airport in the North of England. For cultural activities, local residents are only 0.5m from Castlefield Bowl, which often hosts an array of food festivals and music gigs. Sports and entertainment are within easy reach also. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.4m and 2.6m away respectively. The Manchester Velodrome, part of the National Cycling Centre, is also 3.2m distant.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area Estimated: 450 sq ft

The property is a studio flat in a purpose-built block, and its valuation has been primarily informed by the sale prices of similar units within the same building. The condition of the property, described as fair with dated elements, has been considered in relation to the comparables. The valuation floor area of 450 sq ft has been used for per-square-foot analysis.

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