Summary - Apartment 424, 4, Kelso Place M15 4GT
2 bed 2 bath Apartment
Two-bed, tenanted city flat with balcony and immediate rental income.
Allocated off-street parking space included
This compact two-bedroom apartment on Kelso Place offers a ready-made buy-to-let in the Deansgate/Castlefield corridor. The flat is sold tenanted and produces a reported gross yield of 7.1%, with an allocated parking space and full-length balcony overlooking the city — practical income from day one for an investor. The lease has around 150 years remaining, which is favourable for mortgage and resale considerations.
Internally the home is an open-plan, contemporary layout with two bathrooms (one en-suite) and good natural light from large glazed doors. Accommodation is modest at about 560 sq ft, typical for inner-city units, so appeal is strongest to singles, couples or professional sharers rather than families needing large rooms. Heating is by electric room heaters, which can mean higher energy bills compared with gas-heated homes.
Buyers should note ongoing external works to the block (scaffolding visible) and the apartment incurs a service charge and ground rent — approx. £2,900 and £257 per year respectively (unconfirmed). The property’s location delivers excellent city access and strong tenant demand from nearby universities, offices and amenities, supporting steady rental prospects despite the additional running costs. Sold with a full furniture scheme, the unit is turnkey for hands-off landlords willing to accept the current tenancy and communal charges.
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