Summary - 296 STRETFORD ROAD MANCHESTER M15 5TN
2 bed 1 bath Flat
Modern ground-floor apartment with secure parking and rental income.
Ground-floor two-bedroom flat, approx. 633 sq ft
Tenanted at £1,100 pcm until August 2026 (income in place)
Allocated secure off-street parking space to the rear
128 years remaining on the lease (original 150-year term)
Service charge c. £150 pcm (£1,800 pa); ground rent £200 pa
Electric storage heating only — higher energy bills likely
Double-glazed windows; built c.2003, low immediate maintenance
Broadband speeds average; not ideal for heavy remote-working needs
This ground-floor, two-bedroom flat in Hulme offers a straightforward investment in a well-connected, inner-city location. The open-plan lounge and integrated kitchen are practical and low-maintenance, with double-glazed windows and allocated secure parking to the rear. Built in 2003 and measuring about 633 sq ft, the property sits within a 128-year lease and comes with an established tenancy until August 2026 at £1,100 pcm.
Running costs and lease details are clear: electric storage heaters provide heating (no gas), broadband speeds are average, and the service charge is £150 per month (£1,800 pa) with a small ground rent of £200 pa. Those factors make the flat easy to manage but mean purchasers should plan for higher electricity usage and the ongoing service charge when assessing returns.
The building’s modern construction and internal finishes reduce immediate maintenance needs, and the flat’s proximity to Manchester city centre, Salford Quays and major motorways suits commuters and renters working in tech and urban industries. The current tenancy provides instant rental income; buyers seeking vacant possession should allow for the tenancy end date in 2026.
In short: a tidy, modern leasehold apartment with reliable rental income and practical features for investors. Note the electric heating and service charge when comparing yields or considering owner-occupation after the tenancy ends.
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