Summary - Local Crescent, Hulme Street, Salford M5 4ZE
1 bed 1 bath Apartment
One-bedroom leasehold with strong amenities and immediate rental income potential.
• Private balcony with expansive Manchester and Salford views
• Long lease (~245 years) reduces tenure risk
• Sold with sitting tenants; no onward chain
• Extensive luxury on-site facilities (pool, gym, cinema, spa)
• Small overall size (439 sq ft) — compact one-bedroom
• High annual service charge (~£3,170) and ground rent (£232)
• Electric room heaters; main fuel electricity (unspecified tariff)
• Very slow broadband; located in student-focused, deprived area
This one-bedroom leasehold apartment occupies 439 sq ft in a modern development close to Manchester city centre and MediaCityUK. The open-plan living area, contemporary kitchen and private balcony deliver bright, city-facing living with memorable views across Manchester and Salford. On-site amenities are luxury-led and extensive: pool, gym, cinema room, spa and rooftop terrace enhance rental and lifestyle appeal.
The property is sold with sitting tenants and no onward chain, making it a straightforward purchase for an investor seeking immediate income. The bedroom includes built-in storage and the bathroom is finished with easy-clean tiling. The long lease (approximately 245 years remaining) reduces medium-term tenure risk and offers certainty for mortgage underwriting and future resale.
Buyers should note substantive holding costs: an annual service charge around £3,170 and ground rent of £232. The apartment uses electric room heaters (main fuel electric) and the broadband performance in the building is reported as very slow, which may affect some renters. The flat is small in overall size and sits within a cosmopolitan, student-focused neighbourhood and an area classified as very deprived — factors that influence tenant profiles and long-term capital growth differently than family suburbs.
Overall, this is a compact, well-specified city-centre flat with strong amenity credentials and immediate rental potential, best suited to investors or buyers comfortable with tenant-occupied sales and the running costs that come with large managed developments.
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