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Studio Opportunity in Melrose Apartments, Manchester
Manchester, M13 0HX, United Kingdom
About This Property
Invest in a studio apartment located within the popular Melrose Apartments on Heathersag Road, offering a prime location in Victoria Park, Manchester. Perfectly positioned opposite St Mary's Hospital and close to the university buildings, this property caters ideally to both students and professionals. With a compact layout featuring a living area, kitchen space, and a wet room, it ensures comfortable urban living. As an investor, seize the opportunity of a chain-free purchase with attractive features such as lift access and on-site amenities. Residents benefit from a gym, laundry services, and parking, all contributing to the appeal of this buy-to-let prospect. The property boasts a leasehold tenure of 999 years, with manageable service charges and ground rent to optimize your investment. Victoria Park remains a vibrant community, ensuring consistent demand for rental properties. The ultra-fast broadband and reliable mobile signal coverage heighten the attractiveness to potential tenants. Whether catering to students seeking convenience or professionals desiring proximity to the city, this studio apartment represents a sound investment with excellent rental potential.
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Your mortgage
Monthly payment
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | £3,360 | £0 | £80,640 |
| 2 | £3,360 | £0 | £77,280 |
| 3 | £3,360 | £0 | £73,920 |
| 4 | £3,360 | £0 | £70,560 |
| 5 | £3,360 | £0 | £67,200 |
| 6 | £3,360 | £0 | £63,840 |
| 7 | £3,360 | £0 | £60,480 |
| 8 | £3,360 | £0 | £57,120 |
| 9 | £3,360 | £0 | £53,760 |
| 10 | £3,360 | £0 | £50,400 |
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