Summary - 359E STRETFORD ROAD MANCHESTER M15 4AY
3 bed 1 bath Apartment
Chain-free flat with strong rental income, parking and balcony close to universities and city centre.
Chain-free sale; currently let at £1,600 pcm (lease until 31.08.2026)
This top-floor three-bedroom flat in central Hulme is presented as a ready-made investment with a strong current income and clear rental appeal. The apartment offers a large open-plan living area, a fitted kitchen and a rear balcony, plus one allocated parking space accessed via electronic gates—useful in an inner-city location. It’s let at £1,600 pcm until 31.08.2026, giving an advertised gross yield around 9.6% for investors.
Practical features include full double glazing, electric storage heating, and an EPC rating of C (70). The block was built in the late 1990s/early 2000s and the flat sits in landscaped grounds with off-street parking. Communication and transport links are strong: excellent mobile signal, fast broadband and easy walking access to the universities and Manchester city centre.
Notable lease and running costs: the property is leasehold with 119 years remaining (originally a 150-year grant in 1994). Service charge is c. £1,345.32 per year (£112.11 pcm) and ground rent is £100 per year. The flat has a single bathroom and is compact at c. 547 sq ft, so it suits investors or buyers who prioritise location and rental income over large family living space.
Condition appears to be broadly sound internally with contemporary fittings, but the property uses electric heating and may have higher running costs than gas-heated homes. There is no private rear garden; outdoor space is limited to the apartment balcony and communal grounds. Buyers should check tenancy details, service charge breakdowns and confirm any repair liabilities before purchase.
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