Summary - Green Quarter Cypress Place, 9 New Century Park, MANCHESTER, M4 M4 4EE
2 bed 2 bath Apartment
City-centre balcony with parking and strong rental returns for investors.
Allocated off-street parking included on title
Private balcony with city-centre views
725 sq ft; two bedrooms, two bathrooms
EWS1 B1 rated; modern construction (2006)
Long lease remaining (circa 130+ years)
Service charge ~£2,341.16 pa; ground rent £250 pa
Electric room heaters — higher running costs possible
Located in a student-led, very deprived area (strong rental market)
This fourth-floor apartment in Green Quarter’s Cypress Place offers a practical, income-generating city-centre home. At 725 sq ft the two-bedroom, two-bath layout suits sharers, professionals or buy-to-let portfolios. A private balcony and an allocated off-street parking space increase appeal in a dense urban area.
The building is modern (completed 2006) and carries an EWS1 B1 rating. The flat has double glazing and electric room heaters — a simple specification that keeps maintenance straightforward but may mean slightly higher running costs than gas-heated homes. The 130+ year lease provides long-term security for buyers.
Current figures show a strong rental performance: a 7.29% yield at £1,250 pcm and a projected 7.58% at £1,300 pcm, making this attractive to investors. Service charge and ground rent are material ongoing costs: about £2,341.16 per year and £250 per year respectively. Council tax band D and building insurance costs are additional predictable charges.
Location strengths include very low local crime, excellent mobile and fast broadband, plus walking distance to the major NOMA regeneration project with shops, offices and leisure. Note the wider area is classified as a cosmopolitan, student-led neighbourhood and falls within a very deprived area index — this supports strong rental demand but may limit appeal for some owner-occupiers.
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