Spacious two-bed with balcony, parking and solid rental yield — tenanted until December 2025..
Large 1,043 sqft two-bedroom apartment with full-length balcony
This sixth-floor, two-bedroom apartment in Albion Works offers a sizable 1,043 sqft layout with a full-length balcony and allocated off-street parking — strong practical features for long-term lettings. The property sits close to New Islington tram stop, Piccadilly station and the Northern Quarter, ensuring consistent tenant demand from students and young professionals.
Currently tenanted until December 2025 producing a 5.28% rental yield at £1,100pcm (projected 5.52% at £1,150pcm). The long lease (circa 228 years from 2003) and available EWS1 certificate increase mortgageability and investor appeal. Chain-free sale simplifies transaction timing.
Notable costs and constraints are clear: 2025 service charge approximately £3,602pa and ground rent £150pa. Heating is electric with room heaters, and the EPC rating is D — potential energy-efficiency improvement opportunities could reduce running costs and boost rental value. The building has had cladding remediated.
Suitable for buy-to-let investors seeking steady income and capital growth in a cosmopolitan, student-driven area. Owner-occupiers should note the existing tenancy and running-cost considerations before viewing.
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