Summary - APARTMENT 402, 3, NEW KINGS HEAD YARD M3 7GN
2 bed 1 bath Apartment
Modern, long-lease city flat ideal for investors or compact family living.
Private balcony with city views
This two-bedroom apartment in Exchange Point offers a contemporary city-base with a private balcony and clear views across the Embankment West development. At about 720 sq ft the layout suits a couple, small family, or buy-to-let investor seeking central location and straightforward rental demand. The property is currently tenanted until June 2026 and producing a reported 5.25% gross yield at £1,400 pcm (projected 5.44% at £1,450 pcm).
The building is modern (completed 2021) and the flat benefits from a long lease (around 246 years remaining), an EWS1 form, and EPC rating C. Public transport is immediately accessible—Victoria Station and Deansgate are within easy reach—while local amenities, shops and eateries are on the doorstep in this cosmopolitan student neighbourhood.
Buyers should note the apartment uses electric room heaters rather than gas central heating, and the main fuel is electricity. Service charge and ground rent are material ownership costs: approx. £2,778.64 per year service charge and £617.01 per year ground rent (reviews linked to RPI). Council Tax is Band D. The apartment is sold leasehold and is currently occupied, so immediate vacant possession is not available.
Overall this is a low-crime, city-centre apartment with strong rental credentials and a modern finish. It will particularly suit investors seeking an easy-to-manage, centrally located asset, or owner-occupiers wanting a compact, low-maintenance city home with good transport links.
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