West Point 501 Chester Road, Manchester, Greater Manchester, M16 9HU | Property for sale | Savills
29.45 sq m
Guide price £99,950(6,081,692 EGP)

West Point 501 Chester RoadManchester, Greater Manchester, M16 9HU

    Key features

    • Investors only
    • Yield after service charge and ground rent of 7.7%
    • £910pcm rental achieved
    • Popular high demand rental development
    • Attractive investment
    • Modern one bedroom apartment

    High yielding (gross yield of 9.9%!) investment opportunity in a popular sought after development.

    About this property

    • One bedroom investment opportunity with a high gross yield of 9.9%!

      Presenting a modern one bedroom apartment in the Westpoint development, positioned in the heart of Trafford. Comprising of 317 stylish apartments, Westpoint has maintained its status as a popular choice for Manchester's rental market.

      The apartment briefly comprises of an open plan living, kitchen and dining area, bedroom with built in wardrobe space and a modern three piece suite bathroom.

      Rental per annum: £10,920
      Service charge per annum: £2,169
      Ground rent per annum: £250
      Yield after deductions above: 7.7%

      This property has cladding, as far as we know the current position with the property is: It's been tested and there are no works required.'
      * You should make enquires about the external wall system of the property, if it has cladding and if it is safe or if there are interim measure in place.

      View payable Stamp Duty for this property

    Great entry level investment opportunity offering a high yield for the savvy investor!

    Ryan GriffinProperty agent

    Local information

    • Westpoint sits in a Trafford location close to all Manchester has to offer. Trafford Bar tram stop (0.2m) is located nearby offering excellent connectivity in and around Manchester.
    • The picturesque water front of Salford Quays is also situated nearby (1m), offering a serene and peaceful setting to relax close to home.
    • You are also not far from sport and entertainment options. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 0.8m and 3.5m away respectively.
    • For cultural activities locally, residents are situated near to Media City (1.6m) which offers a variety of leisure and nightlife activities.
    • Please note all distances quoted are approximate.

    Additional information

    • Ground rent is reviewed in line with RPI every 5 years, next review date to be 2024
    • Leasehold expiry date: 2269
    • EPC Rating: C
    • Tenure: Leasehold. Lease Expiry: 19/02/2269 (244 years remaining)
    • Service Charge: £2,169.28pa
    • Ground Rent: £250.00pa (review date TBC)
    • Council Tax Band: B