Summary - Mount Yard, 2 Old Mount Street M4 M4 4GP
2 bed 2 bath Flat
Ready-let city-centre apartment with long lease and reliable rental income.
- Let at £1,700 PCM, gross yield circa 6.27%
- Two double bedrooms, main with en-suite
- Corner aspect; bright, open-plan living area
- Long lease: 250 years from July 2018
- Service charge £2,838.75 per year
- No parking on site
- Electric room heating; higher running costs possible
- Tenant in situ until December 2025 (no immediate vacant possession)
A ready-made investment in Angel Meadows, this modern third-floor corner apartment is currently let at £1,700 PCM, providing a strong 6.27% gross yield. The open-plan living/kitchen benefits from corner aspect windows and natural light, while two double bedrooms (one en-suite) and a further bathroom make the layout practical for long-term tenants.
The development, completed in 2018, is well maintained with secure communal entry, lift access, concierge and resident facilities. The property is sold with no chain and a long lease (250 years from 2018) which supports buy-to-let confidence. Broadband FTTP is available and the apartment is in an area with excellent transport and local amenities.
Notable costs and constraints include an annual service charge of £2,838.75 and ground rent of £225. There is no parking provision and heating is by electric room heaters, which may affect running costs and tenant demand. The flat is let until December 2025, so vacant possession is not immediate for an owner-occupier.
Overall, this is a practical income-producing asset for investors seeking a city-centre, low-management apartment with strong rental performance and a long lease. Buyers looking for owner-occupation or lower ongoing costs should note the electric heating and absence of parking.
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