Summary - Apartment 40, 2, Stuart Street M11 4DG
2 bed 1 bath Apartment
Balcony views, parking and strong rental potential close to Etihad and tram links.
- 549 sq ft fifth-floor two-bedroom apartment
- Allocated off-street parking included
- Balcony with views over Philips Park and river
- Previously tenanted; estimated rent c. £1,000 pcm
- Building cladding remedial works scheduled for 2025
- No EWS1 currently; some lenders may restrict mortgages
- Electric room heating (no communal gas central heating)
- Long lease: 234 years remaining
A compact fifth-floor apartment in The Drum offering a straightforward buy-to-let opportunity close to Etihad Stadium and Co-op Live. The open-plan living/kitchen leads to a balcony with views over Philips Park and the nearby river, while two bedrooms and an allocated parking space give functional tenant appeal.
The property spans 549 sq ft and was previously tenanted — estimated rental IRO £1,000 pcm — making it suitable for investors seeking immediate re-let potential. The apartment is in average condition, with an internal utility cupboard and a bathroom with shower-over-bath, so minimal cosmetic updating could add value.
Buyers should note that external cladding remedial works are scheduled to start in 2025. These works are being progressed under The Pledge and funded by the developer, but the building currently lacks EWS1 certification; this may affect mortgage availability for some lenders. Heating is electric via room heaters rather than a communal gas system.
With a long lease (234 years remaining) and allocated parking, this is a pragmatic, city-centre investment in a lively Sportcity location with excellent tram links. Cash buyers or those prepared to explore lender options are likely to find the price and position attractive given the upcoming remediation programme.
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