Summary - LUMIERE BUILDING, 38 APARTMENT 508 CITY ROAD EAST MANCHESTER M15 4QN
2 bed 2 bath Flat
City-centre two-bed with parking and 7.4% yield — chain free.
Two double bedrooms, one with en-suite bathroom
This fifth-floor, two-bedroom flat in the Lumiere Building offers straightforward city-centre living with strong investor appeal. The apartment includes two double bedrooms (one en-suite), a spacious open-plan living area with balcony, fitted kitchen and secure underground allocated parking. EPC B and an expected rental income of £1,350pcm give a projected yield of 7.4%, making this a clear buy-to-let opportunity.
Residents benefit from practical building amenities — daytime concierge, a resident gym and a roof garden — and an excellent central location: Deansgate rail station and Metrolink are about a five-minute walk away, with plentiful local shops, cafes and leisure options nearby. Mortgage lenders are accepting applications following Building Safety Act updates; Government Building Safety Fund approval for remediation works is in place.
Be aware of running costs and leasehold obligations. The service charge is relatively high at £4,530 per year and there is an annual ground rent of £250. Heating is electric (room heaters) which can be more costly than gas alternatives. The property is chain-free and comes with 105 years remaining on the lease.
Overall this is a practical, low-maintenance modern apartment suited to investors seeking immediate rental income or buyers wanting an easy-access city base. Buyers should budget for ongoing service charges and consider heating costs when comparing with other stock.
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