On the 10th of September, Philip James Kennedy added to the market a two-bedroom apartment in the Orchard Street development, just off Burton Road in a central West Didsbury location.
The asking price has been set as just short of £190,000. We have just agreed a let on a one-bedroom apartment in the development with no parking at £825, so feel a two-bedroom with parking would be achieving around the £950 mark, perhaps even more in the current buoyant rental market.
This would give a solid 6% gross return, and with the parking and location, the value of the apartment would be expected to increase also.
If you would like more details the advert for the property can be found here but as always please do not hesitate to get in touch for any conversations regarding renting or investment.