Woden Street, Salford, Greater Manchester, M5 4UE | Property for sale | Savills
623 sq ft(57.88 sq m)
Guide price £140,000

Woden StreetSalford, Greater Manchester, M5 4UE

  • Under offer

Key features

  • Amazing 10.28% gross yield
  • 9.2% yield after service charge/ground rent
  • Parking included
  • Developer funding remedial works for EWS1 form
  • Mortgage lender comfort letter available
  • Corner position
  • Floods of natural light

Incredible 10.28% Gross yield! Developer funding remedial works for EWS1 form, one bedroom with parking at £1,200pcm!

About this property

  • Savills are delighted to present an excellent turn key buy to let investment option to the market. Offering a stunning 10.28% gross yield, and 9.2% yield after service charges and ground rent are deducted, this apartment is sure to appeal to the discerning investor.

    Currently tenanted until September 2024, owner occupiers are welcome to enquire as vacant possession may be available following this date.

    Briefly, the apartment comprises of an open plan living and kitchen area, positioned on the corner of the development allowing floods of natural light within.

    The main bedroom is a well-appointed and practical space, whilst the apartment is completed by a modern three piece suite bathroom.

    Externally, there is a parking space included in the purchase price in the gated development of Lamba Court.

    Whilst there is no EWS1 form available, we have been provided with a lender comfort letter from the developer, advising remedial works are to be funded by them (no costs to leaseholders). Interested parties can enquire with the office for further information and a copy of the letter as required.

    Disclaimer: This property has cladding, as far as we know the current position with the property is:

    It's been tested and works are required however there are interim measures in place
    * 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 measures in place.

    View payable Stamp Duty for this property

Great buy to let option, strong yield in a development always popular on the rental market. The inclusion of parking which is at a premium in the city is also a huge bonus.

Ryan GriffinProperty agent

Local information

  • Slater House sits in an excellent location along Ordsall Lane between Manchester city centre and Media City. Cornbrook tram stop (0.7m), Deansgate tram & train links (1.1m), and Spinningfields (1.2m) are all within easy reach.
  • Regent Road Retail Park is also situated just behind the development (0.4m) with a large Sainsbury`s, TK Maxx, Boots, and much more on offer.
  • Salford Central Train Station is just 1.1 miles away, which provides good access links both in and out of the city centre.
  • 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 1.2m and 3.4m away respectively.
  • For cultural activities, locally residents are only 0.8m from Castlefield Bowl which often hosts an array of food festivals and music gigs.
  • Please note all distances quoted are approximate.

Additional information

  • Ground rent reviewed in line with RPI, next review is 2028 and every 5th anniversary thereafter
  • Lease expiry date: 31/12/2128
  • EPC Rating: C
  • Tenure: Leasehold. Lease Expiry: 31/12/2128 (104 years remaining)
  • Service Charge: £1,291.00pa
  • Ground Rent: £216.89pa (review date TBC)
  • Council Tax Band: A