Good-let urban flat with parking and long lease near Etihad Campus.
12th-floor apartment accessed by lift with Juliet balcony and city views
A twelfth-floor one-bedroom apartment in the SportCity/Stillwater Drive complex, offered with a long lease and secure off-street parking. The open-plan living space includes a fitted kitchen and a Juliet balcony that delivers city views; the property is accessed by lift and sits within easy walking distance of the Etihad Campus and local tram link. Fast broadband, excellent mobile signal and very low local crime add practical convenience.
This flat presents clear investor appeal: current estimated rent £1,050 pcm, giving a gross yield around 9.6% and a net yield near 8%. The lease is extensive (circa 232 years remaining) and ground rent is peppercorn, reducing medium-term ownership risk. Service charge is c. £2,220 per annum and council tax is described as cheap — factor these running costs into net returns.
Buyers should note some important practical points: heating is by electric room heaters rather than central heating, which can raise running costs; the property is leasehold and part of a managed development. The wider area is classified as a multicultural student neighbourhood and very deprived, so it will particularly suit investors or buyers seeking rental income rather than those wanting a quiet suburban family home.
Overall this is a modern, low-maintenance apartment with strong lettings potential and clear cashflow figures, but be mindful of service charges, electric heating and the local demographic when assessing long-term suitability.
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