Summary - Local Blackfriars, Block B, 56 Bury Street, Salford, M3 M3 7GB
2 bed 2 bath Apartment
High-yield apartment in a full-amenity development close to transport.
15th-floor two double bedrooms with balcony and city views
Set on the 15th floor of the sought-after Local Blackfriars development, this two-double bedroom apartment combines strong rental income with contemporary city-centre living. The open-plan living/kitchen leads to a good-sized balcony with wide city views; both bedrooms offer built-in wardrobes and the primary benefits a modern en suite. EPC B and a completed EWS1 (August 2020) support lettability and lender confidence.
On-site amenities — gym, cinema room, concierge, launderette and landscaped communal gardens — add appeal for tenants and homeowners wanting convenient, low-maintenance living. The property is currently let until August 2026 at £1,400pcm, producing a gross yield of approximately 6.1% at the asking price of £275,000.
Practical points to note: tenure is leasehold with c.243–244 years remaining, an average service charge of £3,422 and ground rent of £350 (reviewed in line with RPI next in 2029). Heating is by electric room heaters, which can mean higher running costs compared with gas-heated homes. Prospective buyers should confirm the current external wall system position and any interim measures despite the existing EWS1 test result.
This apartment suits buy-to-let investors seeking immediate income or buyers wanting a well-equipped, low-upkeep base in central Manchester. The combination of long lease, on-site facilities and a strong rental figure makes it a straightforward investment proposition, provided you factor in service charges, ground rent reviews and electric heating costs.
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