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1 bed flat for sale

£170,000

Saxon Square, Manchester M5

1 bed flat for sale 1 1 1
Interested in this property? Call +44 20 8166 2739 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 10 minutes to central manchester
  • High tenant demand
  • Prime location
  • 2 parking spaces
  • Abundance of nearby amenities
  • Option of serviced lets - yields over 13%
  • Modern designs
  • Tenant in situ - instant rental income

Property description

Completed and tenanted** net yield over 6%** desirable location** gorgeous specification** high tenant demand** parking included** rental income of £990 pcm until January 2025**

Saxon square

This modern completed conversion scheme presents an excellent investment opportunity to potential buyers. Currently let for £990 pcm, with the option of maximising returns through serviced lets, with forecasted yields of over 12%, this high specification apartment is sure to have high returns on investment. Located between the iconic city of Salford and Manchester City Centre - the apartments each offer high specifications and are near to Old Trafford, home of Manchester United and the Trafford Centre, the UK's third biggest shopping mall. Built with a clear contemporary focus, featuring a sleek exterior look and open-plan living, this development has a very high tenant demand.

Location

Saxon Square is located within walking distance to Old Trafford, the city centre, and plenty more local attractions & amenities. It is also a tram ride away from Trafford Centre, creating an incredibly high tenant-demand. As well as this, the area has sublime transport links in general - providing incredible access to all of Manchester's hot spots, and to further afield, via the three major train stations, motorways and Manchester Airport.

Property highlights

high tenant demand

Completed & tenanted
prime location
abundance of nearby amenities
high specifications throughout
parking included


Tenure

This property has 249 years remaining on the lease, with service charge of £981 per annum and ground rent charge of £170 per annum.

For more information, contact north property group today

North Property Group is an independently owned sales, lettings and property agency with more than 20 years of experience. We work exclusively for the benefit of our clients to help you buy, sell, let or rent the best properties across the UK.

Property info

Property value data/graphs for M5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £161,142 - 2.8 £277,000
Semi-detached £189,463 £184 2.9 £229,261
Terraced £218,163 £155 2.8 £205,374
Flats £208,388 £218 1.9 £151,476

Current asking prices in M5

Average: £223,795
Avg. current asking prices in M5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £360,000
(2)
£313,333
(9)
- £346,000
(1)
Flats £170,551
(181)
£238,172
(162)
£338,156
(55)
£382,495
(2)
-
All £170,551
(181)
£239,657
(164)
£334,665
(64)
£382,495
(2)
£346,000
(1)

Current asking rents in M5

Average: £1,263 pcm
Avg. current asking prices in M5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £750 pcm
(1)
£859 pcm
(3)
£1,406 pcm
(8)
£2,041 pcm
(2)
£702 pcm
(1)
Flats £1,060 pcm
(46)
£1,272 pcm
(68)
£2,018 pcm
(16)
- -
All £1,054 pcm
(47)
£1,255 pcm
(71)
£1,814 pcm
(24)
£2,041 pcm
(2)
£702 pcm
(1)

Fun facts for M5

Highest value in M5
Highest value streets Zed-Index
Weaste Lane £289,926
Ordsall Lane £260,424
Lockgate Square £256,141
Weaste Drive £235,475
Lockside Lane £234,844
Highest turnover in M5
Highest turnover streets Turnover
Josslyn Road 58.3%
Whitegate Drive 50.0%
Little Bolton Terrace 32.5%
Scanlon Lane 30.0%
Weaste Drive 28.6%
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For more information about this property, please contact
North Property Group Ltd, N1 on +44 20 8166 2739 * (local rate)

Monthly running costs Beta

£854 Monthly total

Mortgage

Purchase price
Deposit (10%) 17,000
Repayment term 25
Interest rate 2.0
Your payment £648 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Contents value up to £75,000 Average insurance cost £3/mo (£41/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £17 Electricity £28 Estimated energy cost £45/mo

Similar properties could save up to £142

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6000 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Salford

Estimated tax band B Council tax cost £130 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact North Property Group Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by North Property Group Ltd, and do not constitute property particulars. Please contact North Property Group Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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