Summary - Apartment 3 Union Bank of Manchester Building 17a, Bridge Street SK1 1XR
1 bed 1 bath Flat
Chain-free apartment with strong rental potential and high ceilings in Stockport town centre.
Chain-free apartment in a landmark Victorian bank building
Long lease: 242 years provides ownership security
Estimated rent circa £900pcm — strong rental yield potential
Compact footprint: approximately 382 sq ft, studio-style layout
Listed status — restrictions and potential extra maintenance costs
Service charge about £1,549/year; ground rent £200/year
Electric heating (room heaters) — likely higher running costs
Area classified as very deprived; average broadband speeds
Set within the ornate former Union Bank on Bridge Street, this chain-free flat offers a compact, characterful home or buy-to-let in Stockport town centre. Tall windows and high ceilings give the open-plan living space a bright, airy feel despite the modest footprint. The apartment includes a contemporary kitchen and modern bathroom ready for immediate occupation or letting.
The long lease (242 years) and expected rental income around £900pcm point to a strong yield for investors. Practical positives include excellent mobile signal and very low local crime, making the property straightforward to manage. Service charge and ground rent are notable ongoing costs: the service charge is approximately £1,549 per year and ground rent is £200 annually.
Buyers should be aware this is a listed building, which can complicate alterations and increase maintenance costs. Heating is by electric room heaters and the property runs on electricity, so running costs may be higher than gas-heated homes. The flat is small at about 382 sq ft and arranged in a studio-style layout with one main bedroom, so it suits singles, couples, or landlords rather than families seeking larger space.
The surrounding area offers a wide range of town-centre amenities and good transport links, but the neighbourhood is classified as very deprived which can affect long-term demand and services. Broadband speeds are average. Overall, this is a convenient town-centre opportunity that rewards buyers who prioritise location, rental income and period character while accepting listed-status restrictions and compact living.
2 bedroom flat for sale in Mealhouse Brow, Stockport, Greater Manchester, SK1 — £210,000 • 2 bed • 1 bath • 465 ft²
1 bedroom flat for sale in Alexandra House, Warren Street, Stockport, SK1 — £175,000 • 1 bed • 1 bath • 467 ft²
2 bedroom apartment for sale in Thomson Street, Stockport, SK3 — £155,000 • 2 bed • 1 bath • 593 ft²
1 bedroom flat for sale in Alexandra House, Warren Street, Stockport, SK1 — £149,500 • 1 bed • 1 bath • 464 ft²
1 bedroom flat for sale in Apartment Douro House Wellington Road South, Stockport, SK4 — £50,000 • 1 bed • 1 bath
1 bedroom flat for sale in Edward Street, Stockport, Greater Manchester, SK1 — £110,000 • 1 bed • 1 bath • 377 ft²
