Summary - MASSON PLACE, 1 APARTMENT 1002 HORNBEAM WAY MANCHESTER M4 4AQ
1 bed 1 bath Flat
Ready-income city apartment with balcony and long lease, ideal for buy-to-let investors.
- Top-floor one-bedroom with balcony and open-plan living
- 502 sq ft (average-sized city apartment)
- Tenant in situ until December 2025, income £1,095 pcm
- Gross yield roughly 9.4% at asking price
- Long lease: 163 years remaining
- Service charge £1,585/year; ground rent £250/year
- Electric room heating — potentially higher running costs
- Located in a predominantly student, very-deprived area
A top-floor one-bedroom apartment in Manchester’s Green Quarter, offered with a long lease and tenant in place. The 502 sq ft layout includes an open-plan living area with fitted kitchen, balcony and a three-piece bathroom. The property is currently achieving £1,095 pcm, presenting a strong gross yield for buyers focused on income.
Practical strengths include a 163-year lease remaining, double glazing, an EPC C rating and no flood risk. The building is modern (constructed c.2003–2006) and benefits from city-centre access, excellent mobile signal and fast broadband — useful for student or city-centre rentals.
Important considerations: the apartment uses electric room heaters, which can mean higher running costs than gas-heated homes. Annual service charge (£1,585) and ground rent (£250) reduce net income. The area is classified as very deprived and primarily a cosmopolitan, student neighbourhood; that shapes tenant demand and can affect long-term capital growth compared with more residential districts.
The flat is sold leasehold with a tenant in situ until December 2025, so buyers should factor in occupation when planning viewings or repositioning. For investors seeking a straightforward, centrally located income property with an immediate return and a long lease, this represents a clear, ready-to-roll opportunity.
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