Summary - Apartment 307, Exchange Point, 3 New Kings Head Yard M3 7GN
2 bed 1 bath Apartment
Modern city-centre two-bed investment, tenanted with strong rental yield.
624 sq ft two-bedroom apartment with balcony
This third-floor two-bedroom apartment in Exchange Point (Embankment West) offers a turn-key city-centre investment with reliable rental income. The 624 sq ft layout includes an L-shaped open-plan living area, balcony, and floor-to-ceiling glazing that brings plenty of daylight — built in 2021 and presenting as a modern, low-maintenance asset.
Currently tenanted until July 2026, the property achieves a 6.75% rental yield at £1,350 pcm, with a projected 7.00% yield at £1,400 pcm. The 250-year lease (from 2020) and an EWS1 form in hand reduce ownership friction for investors, and the location––steps from Victoria Station and Deansgate––keeps demand strong from commuters and students.
Notable running costs and specifications: the apartment uses electric room heating, the service charge is approximately £2,399 pa, and ground rent is c. £465.71 pa (reviewed every five years, RPI-linked). Council Tax Band D applies. These recurring costs should be factored into net yield calculations.
Suitable for buy-to-let buyers seeking immediate income and low refurbishment needs, the apartment’s modern construction and central location make it simple to re-let. However, sale will be as a leasehold with tenant in situ, and electric heating may deter some owner-occupiers seeking gas central heating.
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