Summary - The Plaza, 1 Advent Way, Ancoats, Manchester, M4 M4 7LS
1 bed 1 bath Flat
Fifth-floor one-bed in Ancoats with balcony, immediate rental income and strong gross yield..
- Tenant in situ achieving £975 pcm (immediate income)
- Approximate gross yield 8.1% at £145,000
- Fifth-floor one-bedroom with private balcony and city view
- Built 2020; EPC rating B; 538 sq ft
- On-site gym and modern open-plan kitchen-living
- Service charge c. £1,901 pa and ground rent £350 pa
- Electric room heaters (higher running costs vs gas)
- Lease 231 years; head-lease allows ground rent increases
A well-presented one-bedroom apartment in X1 The Plaza, built 2020 and currently let, offers a straightforward buy-to-let with strong rental return. The fifth-floor flat includes a private balcony, city views, access to an on-site gym and a modern open-plan living area with a fitted kitchen — practical features that attract city-centre renters and students.
The property is let at £975 pcm, giving an approximate gross yield of 8.1% at the asking price of £145,000. The lease has 231 years remaining and the apartment has an EPC B, which supports ongoing rental demand. The 538 sq ft layout is a comfortable size for a one-bed in Ancoats and comes furnished, simplifying a tenancy handover for an investor.
Ongoing costs and running specifics are material: service charge c. £1,901 pa and ground rent £350 pa (noting the head lease allows increases). Heating is by electric room heaters, so energy bills may be higher than gas-heated flats. The tenant is in situ, so sale will be as an investment with existing rental income rather than vacant possession.
This apartment suits an investor seeking immediate income in a central, well-connected neighbourhood. It also offers light refurbishment potential to increase rent over time, but buyers should budget for service charges, the electric heating system, and any management transition costs.
1 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £140,000 • 1 bed • 1 bath • 538 ft²
1 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £152,000 • 1 bed • 1 bath • 538 ft²
1 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £147,000 • 1 bed • 1 bath • 538 ft²
2 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £208,000 • 2 bed • 2 bath • 656 ft²
1 bedroom flat for sale in 1 Advent Way, Ancoats, Manchester, M4 — £175,000 • 1 bed • 1 bath • 538 ft²
2 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £208,000 • 2 bed • 2 bath • 656 ft²
