Summary - Flat 511 Eastbank Tower, 277, Great Ancoats Street M4 7FD
2 bed 2 bath Flat
Turnkey two-bedroom investment in Ancoats with tenant in situ and strong yield..
Tenanted until Feb 2026, producing £1,250 pcm (turnkey income)
Gross yield approximately 8.8% based on asking price
Long lease (237 years remaining) and EWS1 form in place
Service charge £3,637.34 (2025); factor ongoing costs
Ground rent £250 p/a, RPI review every five years
Compact footprint ~552 sq ft; best as investment or pied-à-terre
Electric room heaters only — expect higher energy costs
Fifth-floor apartment with secure entry, on-site gym, night security
A turnkey buy-to-let in X1 Eastbank Tower, this furnished two-bedroom fifth-floor flat is currently tenanted until February 2026, producing £1,250 pcm (gross yield c. 8.8%). The long lease (237 years remaining) and an EWS1 certificate offer security for lenders and investors. Living space is compact (approximately 552 sq ft) with an open-plan lounge/kitchen and two modern bathrooms.
The building delivers typical city-centre conveniences: secure entry, on-site gym, night security, and quick walking access to Piccadilly, New Islington tram, and the Northern Quarter. Broadband and mobile signal are strong, and the location sits within a multicultural, student-populated area—supporting consistent rental demand.
Buyers should note the notable running costs: service charge £3,637.34 (2025) and ground rent £250 p/a (RPI review every five years). Heating is electric via room heaters rather than gas central heating, which can mean higher energy bills. The flat is small and best suited to investors or buyers wanting a low-maintenance, income-producing city pied-à-terre.
Overall, this property is a practical investment for a buyer prioritising immediate rental income and long lease security. The tenant in situ until 2026 ensures cashflow from day one, but owners should factor service charges, potential energy costs, and the property’s compact size when assessing net returns.
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