This month’s I Am The Agent property of the month is an outstanding investment opportunity in the heart of the dynamic city of Manchester. The perfect addition to any landlord portfolio, Montgomery House offers a number of student and key worker units with guaranteed rental yields for property investors.
Located in a modern building close to Manchester City Centre and university campuses, each unit is priced at £29,950 – significantly below market value. Offered by our partner, FreshStartLiving, the one bed rooms are a great way to get started as a landlord and easily rent a private property to tenants. Each property provides an instant equity of £15,050. The BMV is 33.4% and the monthly rental value £293. This equates to a yearly rental income of £3,520 with a gross yield of 11.8% and net yield of 7.9%.
Montgomery House is a fully managed property with rents inclusive of bills to ensure a hugely attractive proposition for tenants. Students benefit from free Wi-Fi connection throughout the building, a fully furnished room, contemporary décor, on site parking and a launderette.
To find out more visit the I Am The Agent property listing at http://www.iamtheagent.com/property-for-sale/england/lancashire/manchester/flats/property-787.aspx
