4 bed flat for sale

Hyde Grove, Manchester, Greater Manchester M13

Offered to the market with no onward vendor chain is this excellent ready-made investment opportunity situated in the heart of M13, close to Manchester University Campus.

The site sits close to excellent commuter links into Manchester City Centre and is close by to a wide range of every day amenities.

Built in 2005, the development is an ideal investment for those looking at the student let sector. The purpose built student accommodation block provides a four bedroom cluster apartment all with their own shower rooms plus communal living room and kitchen facilities

The building also provides a communal common room, launderette and bike storage with gated parking available on a seperate basis.

The flat is currently empty but is let for the 2024/2025 academic year at an increased gross rent of £33,400 made up of £167 per week per room over a 50 week period. This works out at a gross yield of 14.5% working out at an approximate nett yield of 9%.

The block is managed and demand from students has always been popular so if you’re looking to invest some money at a good return then look no further!

Viewings by appointment only.