BTL in Manchester
About this property
BTL in Manchester - Cash Purchase - High Yield - Tenanted
A great opportunity to purchase a high yielding studio apartment in a very popular Manchester location, within a desirable grade 2 listed building.
Financials:
▪ Purchase price: £42,000
▪ Annual profit: £4,500
▪ ROCE: 10%
▪ Yield: 28%
▪ Annual rent: £11,700
▪ Net yield: 10%
The studio is accessible via a secure keyless entry system is a bright and airy open-plan living space including a fully-fitted kitchen and a stylish modern bathroom. It is offered on a fully furnished basis and has access to its own private terrace.
Please contact for further information.
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Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.