Summary - Apartment 33, 2a, The Waterfront, Openshaw M11 4BX
2 bed 1 bath Apartment
Fifth-floor apartment with balcony and parking, ideal for cash investors.
Two-bedroom fifth-floor apartment with private balcony and canal views
Allocated off-street parking space included
EWS1 certificate present, built 2007 onwards
Long lease remaining — approx. 228 years
Service charge ~£2,580 per year; ground rent £50 per year
Cash buyers only — mortgage purchasers not eligible
Neutral, tidy interiors; cosmetic updating could increase value
Inner-city location with fast broadband and very low crime
This fifth-floor, two-bedroom apartment at The Waterfront offers a compact, modern urban rental or resale opportunity. The open-plan living area leads to a private balcony with canal views — an attractive tenant draw — and the flat includes an allocated off-street parking space. The property benefits from a long lease (circa 228 years) and an EWS1 certificate in place, easing certain purchaser and lender concerns.
For investors, the apartment’s position in a mixed-use, well-connected area and its modest footprint (around 711 sq ft) make it straightforward to manage and re-let. Interiors are tidy and functional with laminate floors, fitted wardrobes and a contemporary kitchen and bathroom, though finishes are neutral and could be refreshed to boost rental value and appeal.
Buyers should note material purchasing conditions: this sale is for cash buyers only, which excludes mortgage-funded purchasers. Annual running costs include an approximate service charge of £2,580 and ground rent of £50. The building may contain non-qualifying leaseholders under the Building Safety Act 2022, which can affect liability for remediation costs — purchasers should verify protections with their lender or legal adviser.
Location-wise, the apartment sits within an inner-city, well-served neighbourhood with fast broadband and excellent mobile signal, low local crime rates and easy access to transport and amenities. The surrounding area scores high on deprivation indices, which may influence long-term capital growth versus rental demand, so weigh short-term yield against longer-term prospects.
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