Summary - APARTMENT 302, 1, LOCKGATE SQUARE M5 4YU
2 bed 2 bath Apartment
Dual-aspect two-bed with long lease and tenant in place — ready for investors or city buyers..
- Two double bedrooms and en-suite to principal bedroom
- Large balcony with dual-aspect city views
- Tenanted until August 2025 at £1,375 pcm (income-producing)
- 999-year lease (from 2018); EPC rating B
- Service charge £3,204.92 pa; ground rent £325 pa (RPI review)
- 24-hour security, video intercom and communal garden
- Located in a cosmopolitan student neighbourhood, high deprivation area
- Fast broadband, excellent mobile signal; community heating scheme
A bright dual-aspect two-bedroom apartment on the third floor of the award-winning Middlewood Locks development. The open-plan living area opens onto a large balcony with city views; the kitchen is fitted with quartz worktops, integrated appliances and LED downlights. Both bedrooms are doubles with fitted wardrobes and the principal bedroom benefits from an en-suite shower room. Practical features include video intercom, luxury vinyl and carpeted floors, and an EWS1 form is available.
This unit is currently tenanted until August 2025 at £1,375 pcm, making it a straightforward income-producing purchase for investors. The long lease (999 years from 2018) and EPC B rating add ownership certainty. The building offers 24-hour security and canal-side setting, with quick walking access to Castlefield, Spinningfields and Deansgate transport links.
Buyers should note the annual service charge (£3,204.92) and ground rent (£325 pa, reviewed with RPI every ten years). The immediate neighbourhood is a cosmopolitan, student-oriented area and the wider locality records high deprivation indices — factors that affect resale profile and tenant mix. There are good digital connections and low local crime, but this apartment will primarily suit buyers seeking central location, rental income or modern low-maintenance living rather than suburban family life.
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