Summary - 189 APARTMENT 78 WATER STREET MANCHESTER M3 4JE
2 bed 2 bath Apartment
Chain-free two-bed apartment with parking and strong rental potential.
Private balcony with direct water views
Set on the banks of the River Irwell in Castlefield, this immaculately presented two-bedroom apartment offers clear investor appeal and hassle-free purchase — sold chain free with vacant possession. Positioned on the second floor, the open-plan living/kitchen benefits from floor-to-ceiling windows and a private balcony with direct water views that help command rental interest.
Practical assets include a secure allocated parking space, two bathrooms (one en suite), an EWS1 A1 rating and a long lease (around 105 years remaining as provided). Current figures supplied show a competitive gross rental yield (circa 7.36% at an assumed £1,350pcm), making it a straightforward Mancunian investment proposition close to Deansgate and Cornbrook Metrolink.
Buyers should note material running costs and building details: an annual service charge of about £2,802 and ground rent of £270, plus electric main heating via room heaters which can affect energy costs. The apartment is compact at roughly 563 sq ft and sits within a cosmopolitan, student-leaning neighbourhood — good for steady demand but potentially busier evenings and weekends.
Overall this is a low-management, city-centre two-bed with strong location credentials and immediate letting potential. It suits investors seeking an easy-to-manage rental in Castlefield or buyers wanting a lock-up-and-leave city pied-à-terre, provided they accept higher service charges and electric heating.
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