Guide price
£80,000
Studio for saleLandcross House, Landcross Road, Fallowfield M14
1 bed
1 bath
1 reception
Added on
About this property
Buy-to-Let Investment Opportunity
Sought-After Fallowfield Location
Walking Distance to Universities & Wilmslow Road
Excellent Tenant Demand
Offered via Modern Method of Auction t's &c's Apply
Please quote ref: TW0645 when making an enquiry
Marketed by Tommy White Personal Estate Agent - Please quote ref: TW0645 when making an enquiry.
An income-producing investment in one of Manchester's most established rental markets, generating £675 per calendar month and offering an approximate gross yield of 10% based on the £80,000 guide price. Positioned in the heart of Fallowfield, this well-presented studio apartment represents a straightforward addition to an existing portfolio or an excellent first investment for landlords looking to benefit from consistent tenant demand.
The apartment has been intelligently arranged to make the most of the available space, with clearly defined areas for sleeping, cooking and relaxing. An open shelving divider subtly separates the living area from the bedroom space, creating a greater sense of definition than a traditional studio while maintaining the light and openness provided by the property's impressive ceiling heights and large feature windows.
Positioned just moments from Wilmslow Road's renowned bus corridor, the apartment sits within walking distance of cafés, supermarkets, gyms and the independent bars that make Fallowfield one of Manchester's most recognisable student districts. The University of Manchester and Manchester Metropolitan University are both easily accessible, supporting strong rental demand throughout the academic year and beyond.
Investment opportunities are ultimately judged on three things: Location, demand and return. Landcross House delivers all three, combining an established tenant, a strong gross yield based on the guide price and one of Manchester's most resilient rental markets. For investors seeking a straightforward addition to their portfolio, this is an opportunity well worth considering.
Offered via the Modern Method of Auction, providing buyers with a structured purchasing process and sellers with greater certainty once a reservation has been made. Please note that a reservation fee applies in addition to the purchase price.
Please quote ref: TW0645 when making an enquiry.
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Auction Terms
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
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More information
Tenure
Leasehold (242 years)
Service charge
£1,616 per year
Council tax band
Ground rent
£200
Ground rent date of next review
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