Summary - Apartment 212, 15, Burton Place, MANCHESTER M15 4LR
2 bed 1 bath Flat
High-yield investment with strong rent-upside in central Castlefield.
Tenanted on a periodic tenancy; sold with sitting tenants
Current rent £1,000 pcm (£12,000 pa) — immediate income
Estimated market rent £1,750–£2,000 pcm; significant upside
Guide price cited £190,000; recent comps sold £236k–£251k
Leasehold with approximately 99 years remaining
Sold at auction — purchase subject to auction terms and timing
Service charge/ground rent not provided — verify before bidding
Balcony, central Castlefield location; parking unspecified
This two-bedroom leasehold apartment in Castlefield offers a clear buy-to-let proposition in a central, well-connected Manchester location. The property is currently tenanted on a periodic tenancy, producing £1,000 pcm, and sits in a contemporary block with a balcony and a compact, practical layout.
Comparable recent sales on the same development (flats sold at £236,250 and £251,100) indicate strong local demand and uplift potential. Using the advertised guide of £190,000, the current income equates to a 6.31% gross yield; achieving market rent of £1,750–£2,000 pcm could push gross yield into an estimated 11–12.6% range.
Buyers should note this lot is being sold at auction and will be offered with sitting tenants on a periodic tenancy. Important cost items such as service charge, ground rent and exact council band costs are not specified here and should be confirmed before bidding. Lease has around 99 years remaining.
Overall this apartment suits an investor seeking immediate rental income with upside from re-letting at market rent, in a popular central neighbourhood with strong recent sales evidence. Be prepared for the usual auction and tenancy considerations when completing purchase.
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