Compact first-floor flat ideal for student rental or first-time investment purchase..
One double bedroom, compact 384 sq ft layout
A compact one-bedroom first-floor apartment in central Fallowfield, well placed for the university campus, local shops and direct transport to Manchester city centre. The lounge/dining room is a practical size for single occupancy or sharers; the bedroom is a double and the kitchen and shower room are serviceable. A video tour is available for a closer look.
For investors this flat sits in a strong student-near rental market with consistent demand and fast broadband. The long lease (173 years) and below-average service charge (£996) reduce holding costs; communal off-street parking and well-kept communal grounds add to tenant appeal. Council tax is very low, which helps affordability for occupants.
Notable practical points: heating is by electric room heaters, which can mean higher running costs compared with gas central heating. The block dates from the late 1970s/early 1980s and the flat is small at about 384 sq ft, so rental returns will reflect size. The local area is classified as deprived but reports very low crime; consider this in pricing and tenant profiling.
Overall this is a straightforward, low-maintenance buy-to-let or first-step purchase with clear rental potential to students or young professionals. Minimal cosmetic updating could increase rent and attract longer-term tenants, but factor in likely higher energy costs unless heating is upgraded.
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