Ready-income three-bed in New Islington, strong yield and secure parking.
Three double bedrooms with ensuite shower room
Spacious open-plan living and dining, approx 925 sqft
Two balconies and a fully fitted kitchen
Secure allocated off-street parking included
24-hour concierge for added security and convenience
Currently let at £1,875pcm until 23/12/2025 (7% yield)
Electric room heaters only — no gas central heating
Leasehold with c.137 years remaining; moderate council tax
This three-double-bedroom apartment in Milliners Wharf offers a strong, income-producing opportunity in New Islington / Ancoats. The first-floor flat provides about 925 sqft of living space with a large open-plan living and dining area, fully fitted kitchen, two balconies and an ensuite to the master — practical features for tenants or owner-occupiers.
The property is currently let at £1,875pcm until 23/12/2025, producing an approximate 7% rental yield, making it attractive for investors seeking immediate rental income. Additional building benefits include secure allocated parking and a 24-hour concierge, which support tenant retention and letability in this central location.
Notable practical points: heating is by electric room heaters (no communal gas central heating), and the development sits in a largely student and multicultural neighbourhood with higher local deprivation indicators. The flat is leasehold with c.137 years remaining and moderate council tax — all important considerations for longer-term holding costs.
Overall this is a modern, well-located apartment that suits buy-to-let investors looking for immediate income and professionals wanting city living. The combination of secure parking, concierge and two balconies adds day-to-day convenience, while the current tenancy provides ready cashflow. Buyers should weigh electric heating and local area dynamics against the strong rental performance.
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