Chain-free modern flat in central Ancoats — strong rental potential, long lease.
First-floor one-bedroom apartment with balcony access
Set on the first floor of Nuovo Apartments, this one-bedroom leasehold flat offers 558 sq ft of contemporary living in the heart of Ancoats. The open-plan living room and fitted kitchen benefit from large windows and balcony access, bringing in plenty of natural light. The double bedroom, three-piece bathroom and a large entrance cupboard give practical everyday space.
This apartment is well-located for transport and lifestyle: around a 15-minute walk to Manchester Piccadilly, five minutes to New Islington Marina and an easy stroll to the Northern Quarter and city centre shops. Broadband speeds are fast and mobile signal is excellent—useful for commuters and tenants alike.
Financially the flat presents a clear investor proposition with an indicative rental yield of 6.9% at an expected £1,150 pcm. It is sold chain-free on a long lease (circa 239 years remaining). Service charge is approximately £2,150 per annum and ground rent £375 per annum (reviewed every 10 years index-linked); these running costs should be factored into buy-to-let returns or monthly outgoings.
Practical points: the building is modern (post-2012) with double glazing and electric room heaters rather than a communal gas system. The surrounding area is a busy, multicultural student and cosmopolitan neighbourhood—great for amenities and rental demand but potentially lively and noisy at times. No flooding risk is recorded and council tax band is low (Band B).
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