2 bed flat for sale

Newcastle Street, Manchester M15

We are delighted to present this, 2-bedroom apartment located just off the A57 Mancunian Way, within a short 10-minute walk to Oxford Road Station, Manchester City Centre, and the Universities.
Property ownership information: Leasehold

Lease info: 150 years (less 10 days) from 6 Dec 2000

Ground rent review period: £51.49 per annum

Service charge review period: £927.16 per annum

This property is being sold with tenant in situ, making it a fantastic investment opportunity.

The current rental income is £1,102.50 per month, offering an attractive yield for potential investors.

The apartment boasts:

Two spacious double bedrooms, providing ample living and storage space.

A large open-plan kitchen, diner, and lounge area, which is bright and airy, featuring double doors opening onto a Juliet Balcony.

A modern bathroom with a shower over the bath, WC, and sink.

The added benefit of private secure parking and a large garage, providing invaluable convenience in this central location.

With its prime location, excellent transport links, and strong rental income, this property is perfect for investors looking for a hassle-free addition to their portfolio.

Viewings are highly recommended to truly appreciate the accommodation on offer, book your viewing 24/7 by clicking the property brochure or phone/online with Purplebricks!

Material information:
The information above has been provided by the vendor, agent and goto Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description

Being Sold by goto Online Auction

Starting Bids from £170,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.

To book a viewing visit Purplebricks.

General Information

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees
• Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market.
• Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property Ownership Information

Tenure

Leasehold

Council Tax Band

C

Annual Ground Rent

£51.49

Ground Rent Review Period

Every 1 year

Annual Service Charge

£927.16

Service Charge Review Period

Every 1 year

Lease End Date

06/12/2140

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.