Property Description
Off-Market 3-Bed Freehold Investment – Manchester M43 – 6.9% Yield – Housing Association LetFraser Bond is pleased to present this off-market, fully tenanted three-bedroom semi-detached investment property located in East Manchester.
Positioned on Chestnut Avenue, the property benefits from a long-term housing association-backed tenancy, providing investors with a secure and predictable income stream. Currently generating £1,200 PCM, the asset is already operating at market rent, eliminating the need for immediate rental uplift while offering stable, hands-off returns.
The property is held freehold and includes off-street parking, further enhancing its appeal for family occupation. The surrounding area is well-established, with strong rental demand driven by affordability and connectivity to Manchester city centre.
This opportunity is particularly suited to investors seeking low-management exposure, with the added benefit of no council tax or utility liabilities under the current operating structure (subject to agreement terms).
Price
£210,000
Key Features
3-bedroom semi-detached house
Freehold ownership
Purchase price: £210,000
Current rent: £1,200 PCM
ERV: £1,200 PCM
Approx. 6.9% gross yield
Fully tenanted investment
Housing association strategy in place
Guaranteed rent structure (subject to lease terms)
Off-street parking included
Established residential location
Tenant & Operational Criteria
No council tax payable (under current structure)
No utility bills payable (operator dependent)
Guaranteed rent model
Tenanted asset – income from completion
The property is situated in the M43 postcode, a well-connected residential area to the east of Manchester city centre. The location benefits from access to local amenities, schools, and transport links, including the Metrolink, providing direct routes into Manchester.
East Manchester continues to see steady investment and regeneration, strengthening its position as a key residential and rental market within Greater Manchester.
This asset represents a secure, income-focused investment opportunity:
Immediate cash-flow from completion
Housing association-backed tenancy reducing void risk
Zero management-style setup under current structure
Freehold asset with long-term capital growth potential
Positioned within a high-demand rental corridor
Ideal for investors prioritising stability, passive income, and low operational involvement.
This is an off-market opportunity. For further details or to arrange access to full investment information, contact Fraser Bond’s investment team directly.
