Summary - St Georges Island, 4 Kelso Place, Manchester, M15 M15 4GT
1 bed 1 bath Apartment
Compact one-bedroom buy-to-let with balcony, parking and 6.5% yield, tenant in situ..
Current tenant in situ, generating 6.5% yield
A compact one-bedroom apartment on St George’s Island offering a ready-made buy-to-let with a 6.5% yield and a tenant in situ. The flat is modern-built (post-2007), arranged as open-plan living/kitchen, a large double bedroom, bathroom and a sizeable balcony accessed from the lounge. A secure fob entry, off-street parking space and fast broadband add practical appeal for tenants.
Important cost factors are clear: an annual service charge of £2,249.86 and ground rent of £194.48. Heating is electric via room heaters rather than a central system, and the overall footprint is small at about 392 sq ft — best suited to single occupants or couples. The lease has 105 years remaining and an EWS1 certificate is available, simplifying mortgage and sale processes for investors.
Positioned within walking distance of Castlefield Basin in a cosmopolitan, student-heavy neighbourhood, the property attracts steady rental demand from students and young professionals. Crime levels are very low, mobile signal and broadband speeds are good, and council tax is described as affordable. This is a straightforward, low-management investment with clear income metrics, but purchasers should budget for service charges and understand the limited living space and electric heating arrangement.
1 bedroom apartment for sale in St Georges Island, Castlefield, Manchester City Centre, Greater Manchester, M15 — £175,000 • 1 bed • 1 bath • 448 ft²
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1 bedroom apartment for sale in Kelso Place, Manchester, Greater Manchester, M15 — £160,000 • 1 bed • 1 bath • 464 ft²
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