Summary - Apartment 415, 4, Kelso Place M15 4GT
1 bed 1 bath Apartment
Ready-made one-bed investment with balcony, parking and EWS1 near Castlefield.
Tenant in situ with a reported 6.8% yield
A compact one-bedroom apartment on St George's Island offering a ready-made buy-to-let with a tenant in situ and an advertised yield of 6.8%. The flat includes a large balcony, allocated off-street parking and secure fob entry, making it easy to let to students or young professionals drawn to Castlefield and the city centre.
Practical details are investor-friendly: an EWS1 is available, the lease has 105 years remaining, and council tax is described as affordable. The open-plan living/kitchen, double bedroom and bathroom sit within c.448 sq ft of living space — straightforward, low-complexity accommodation suitable for short to medium-term tenancies.
Costs and constraints are clear. Service charges run at approximately £2,249.86 per year with a small ground rent of £194.48. Heating is electric via room heaters rather than a communal gas system, which may affect running costs and tenant appeal in winter. The area is a cosmopolitan, student-heavy neighbourhood — strong rental demand but potential seasonality and tenant turnover to consider.
Overall this is a practical, hands-off letting opportunity close to Castlefield Basin and central transport links. Buyers should factor in annual service charges, electric heating costs and the small footprint when assessing net yield and management approach.
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