Summary - 2 APARTMENT 16 STONEYHOLME AVENUE MANCHESTER M8 0BY
2 bed 2 bath Apartment
Ready-let investment close to transport and Manchester city centre.
Chain-free top-floor apartment with two double bedrooms and two bathrooms
Currently tenanted offering an 8% gross yield; vacant possession available on request
Secure off-street parking included
Long lease remaining — approximately 107 years
Service charge £2,161.16pa; ground rent £150.79pa; building insurance ~£473.55pa
Heating by electric room heaters (no gas central heating)
Broadband speeds reported as slow in this location
Wider area classed as very deprived — factor tenant demand and values
This top-floor two-bedroom apartment offers a straightforward income opportunity close to Manchester city centre. Currently let with an 8% gross yield, it suits investors seeking immediate return or a first-time buyer happy to manage tenancy. The layout includes two double bedrooms, two bathrooms and a large open-plan living/kitchen facing communal areas.
Practical features include off-street secure parking, a long lease (approximately 107 years remaining) and double glazing. Annual costs are transparent: service charge £2,161.16 and ground rent £150.79, with building insurance around £473.55. The building was completed in 2007 and flood risk is low.
Be aware of some material limitations: heating is by electric room heaters rather than a mains gas system, broadband speeds are slow, and the wider area is classified as very deprived. Buyers should factor in those operating costs and possible upgrades if targeting higher rents or owner-occupation.
For investors this is a ready-let asset within two miles of the city centre and close to Metrolink and bus links; for owner-occupiers it’s a chain-free, manageable two-bedroom home with scope to personalize. All measurements and services should be independently checked prior to purchase.
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