Income-producing two-bed apartment ideal for buy-to-let investors seeking immediate returns.
Annual gross income £14,400 with long-term tenants in situ
Leasehold with approximately 129 years remaining
Compact overall size — approx. 527 sq ft
Expansive lounge and two bedrooms; modern communal exterior
Triple-fixture bathroom — practical for shared tenants
Area classed as very deprived — potential growth risk
Buyer’s premium applies on sale — factor extra cost
Fast broadband and excellent mobile signal throughout
A compact two-bedroom leasehold apartment on Middlewood Street offering immediate rental income and long-term tenant stability. The property sits in a modern block close to central Manchester amenities, providing straightforward buy-to-let appeal for investors seeking hands-off returns.
The flat produces a reported annual gross income of £14,400 and currently lets to long-term tenants who intend to remain. Accommodation includes an expansive lounge, kitchen, triple-fixture bathroom and two bedrooms across approximately 527 sq ft. The 129-year lease remaining reduces near-term lease concerns for buyers.
Practical positives include fast broadband, excellent mobile signal and a well-maintained exterior. Notable considerations: the unit is small in overall size, the surrounding area is classified as very deprived which may affect capital growth, and a buyer’s premium applies to the sale. Investors should review the Let Property Pack and tenancy paperwork before committing.
This is best suited to serious investors or developers seeking an income-producing addition rather than an owner-occupier starter home. The combination of immediate cashflow and long lease means the purchase can slot into an existing portfolio with minimal initial work, though ongoing management and area risk should be factored into yield calculations.
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