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2 bedrooms apartment for sale in Manchester, United Kingdom
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2 bedrooms apartment for sale in Manchester, United Kingdom

£230 000

The Chandlery‚ Manchester‚ M32

Features

  • Ensuite
  • Walk in wardrobe
  • Recently refurbed
  • Great location
  • Parking
  • Juliet balcony
  • Canal side
  • Marina

Investment Breakdown

Gross Yield:

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Time to pay off with rent:

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Price Difference:

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Expected Rent:

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Property description

Based on the provided description, the property in question is a first-floor apartment located at The Chandlery in Manchester's M32 postcode. It is listed with an asking price of £230,000. The EPC band is stated as D, indicating that it has a decent energy efficiency rating. From a buyer's perspective, this property has several potential pros and cons to consider for both real estate investment and lifestyle purposes. Pros: 1. Location: The Chandlery is situated in the Stretford Marina, a highly sought-after area in Manchester. This location offers easy access to local amenities, shopping centers, and transport links, making it an attractive spot for both investors and individuals looking for a convenient lifestyle. 2. Property type: As a first-floor apartment, the property provides a good level of space and privacy, as it's not located directly above or below other units. This can be particularly appealing to buyers who value their privacy and quiet enjoyment of their home. 3. Condition: The property is described as being "beautifully presented," suggesting that it is in good condition and requires minimal renovation or upgrades. This can be a significant advantage for buyers who prefer move-in-ready properties or those with limited time and budget to invest in renovations. Cons: 1. Price: At £230,000, the property is priced slightly above the average for similar properties in the area. This could potentially limit the pool of potential buyers and make it more challenging to secure a sale, especially in a competitive market. 2. Energy efficiency: The EPC band D indicates that the property has a decent energy efficiency rating but could still be improved upon. This may result in higher energy costs for the new owner and potentially limit its attractiveness to buyers who prioritize energy-efficient properties. 3. Limited outdoor space: As an apartment, the property may not have access to substantial outdoor space, which could be a drawback for buyers who value having a private garden or balcony for relaxation and entertainment purposes. From a real estate investment perspective, the property's location and condition are generally positive factors. However, the moderate energy efficiency rating and slightly higher price could potentially deter some potential investors seeking more cost-effective or energy-efficient options. Furthermore, the limited outdoor space might not appeal to buyers who prioritize properties with more outdoor amenities. As a lifestyle purchase, the property's location in the Stretford Marina and its good condition are significant advantages. The proximity to amenities and transport links, as well as the privacy offered by the first-floor apartment setup, can be appealing to buyers who value convenience, privacy, and an attractive living environment. The slightly higher price and limited outdoor space may be offset by the desirable location and the opportunity to create a comfortable living space tailored to personal preferences.

Location

Date added: 24.07.2024

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