Spacious period conversion with balcony, strong rental appeal.
Floor-to-ceiling windows and high ceilings create strong natural light
Large private full-width balcony overlooking Oldham Street
Spacious 1-bed: approx. 743 sq ft with mezzanine kitchen
Two bathrooms (ensuite to master) — useful for sharers/letting
Long lease: 970 years remaining (from 1996)
Service charge £3,199.25 pa; ground rent £100 pa — factor ongoing costs
Electric room heaters; walls assumed uninsulated — higher running costs possible
Located in busy student‑oriented Northern Quarter — lively, may be noisy
Set in the iconic Smithfield Buildings on Tib Street, this unusually large one-bedroom apartment combines Victorian character with modern industrial living. Floor-to-ceiling windows, high ceilings and real wooden floors create a bright, airy living space that opens onto a full-width private balcony overlooking the Northern Quarter. The apartment includes a mezzanine-style fitted kitchen, a double bedroom with ensuite and a separate family bathroom.
For investors, the property offers clear rental potential — current valuation £1,350 pcm — and comes with a satisfactory EWS1 certificate and a very long lease (970 years). Practical running costs are transparent: annual service charge £3,199.25 and ground rent £100. Broadband is fast and mobile signal excellent, which helps lettability in this central city location.
Buyers should note a few material points: heating is electric room heaters (no communal gas central heating), the building’s walls are assumed uninsulated, and the property lies in a busy, student-oriented neighbourhood which brings vibrancy but also potential noise. Council Tax is Band D; the area is classified as very deprived, which affects some local indices though crime rates here are very low.
This apartment will suit a city professional seeking central character living or a buy-to-let investor targeting strong Northern Quarter demand. The combination of generous floor area, balcony, and a long lease makes it a practical central Manchester purchase, but anyone sensitive to heating costs or street noise should factor those into their plans.