Summary - Flat 1, 1, Advent Way, MANCHESTER M4 7LR
1 bed 1 bath Flat
Fully furnished 1-bed in X1 The Plaza — strong rental income and close to Piccadilly..
- Long-term tenant in situ achieving £1,050 pcm
- Gross yield c.9% and net yield c.6.4% (after costs)
- Built 2020; 231 years lease remaining
- Fully furnished with private balcony and city view
- On-site gym, bike storage, overnight security included
- Service charge c.£1,901pa and ground rent c.£350pa
- Electric room heaters (higher running costs risk)
- Located within walking distance to Piccadilly and tram stop
This modern one-bedroom apartment in X1 The Plaza, Ancoats, sits within a 2020 development a short walk from Manchester city centre and transport links. Currently let at £1,050 pcm, the flat produces a strong gross yield (c.9%) and a net yield after typical costs (c.6.4%), making it an attractive buy-to-let option for investors seeking immediate income.
The apartment is sold fully furnished and includes a private balcony, city views, on-site gym, bike storage, washer-dryer and overnight security — features that help sustain rental demand in this cosmopolitan, student-friendly neighbourhood. The lease has 231 years remaining and the building benefits from modern construction and fast broadband speeds.
Buyers should note this is a leasehold investment with an annual service charge of c.£1,901 and ground rent of c.£350, which affect net returns and future running costs. Heating is by electric room heaters, which can increase tenant energy bills compared with communal gas systems. The property is currently occupied by a long-term tenant, so purchase would be as a let investment rather than for immediate owner-occupation.
Overall, this is a low-management, centrally located flat offering reliable rental income and strong rental demand from students and city workers. It suits investors who want an income-producing, modern apartment with minimal refurbishment needs, while accepting service charges, ground rent and electric heating as ongoing costs.
1 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £145,000 • 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
1 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £152,000 • 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
2 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £208,000 • 2 bed • 2 bath • 656 ft²
2 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £210,000 • 2 bed • 2 bath • 656 ft²
