Prices From £94,995
Up to 20% Return For Mortgage Buyers
Complete and Mortgageable
Property and invest are proud to launch our latest residential development in Manchester- Kenyon Court. Consisting of 22 two bedroom flats with parking, Kenyon Court is a complete and mortgageable development giving all investors immediate rental income from day one as all apartments are fully tenanted.
Providing projected gross rental returns of up to 8.70%, this buy-to-let property completed in April 2018 is already tenanted, and offers purchasers a projected ROCI of up to 19%.
Apartment overview and specification
With on-site parking for each of the 22 two- bedroom apartments, and connections to the cities of Leeds and Sheffield via Manchester, Kenyon Court is perfectly located for the city's large young professional commuting population. Kenyon Court offers a range of high specification two bed apartments, designed to cater to the needs of Manchester's commuting population. The hall, lounge, bedrooms and communal areas will be fully carpeted and feature contemporary French doors with stainless steel door furniture. Each bathroom comes complete with a fully tiled combination bath and shower including a glass bath screen, as well as a heated towel rail and chrome brassware throughout. Apartments will also benefit from a fully fitted kitchen, including an electric hob, oven, and chimney extractor fan. Residents of Kenyon Court will also benefit from SkyQ and BT Internet, as well as panel heaters throughout the apartment.
Demand and Location
Located just 3.2 miles from Manchester's city centre, Moston is a well-connected residential area home to more than 14,600 people, and a National Rail station serving over 68,000 passengers annually with direct links to Manchester Victoria Station. Manchester has a substantial population of more than 541,000 people. Its thriving digital industry employs over 62,000 professional workers, with globally recognised companies including the BBC occupying offices in its MediaCityUK business hub.
Apartments here are tenanted with 12 month rental contracts in place. Each apartment is achieving a roughly 8.5% gross rental yield (6.5% net). They are fully managed for you and provide exeptionally high returns for a residential property.
What is the payment process?
We require a £1,000 reservation fee, this comes off the price of the property. From here you can exchange and complete and pay either cash or via mortgage. Once completion takes place, the existing rental contracts will be transferred into your name.
- 22 Two Bedroom Flats With Parking
- Fully Tenanted- Immediate Rental Income
- Tenants In Place For 12 Months
- Mortgageable Development- Buy To Let Mortgages Available
- Great Capital Appreciation