Summary - Apartment 35 Bishops Corner, 321, Stretford Road, MANCHESTER M15 4UW
2 bed 1 bath Flat
Turnkey two-bed investment with gated parking, balcony and immediate rental income..
Currently tenanted at £1,200 pcm (immediate rental income)
A second-floor, two-bedroom apartment in the Bishops Corner development, offered to investors only. The property is currently tenanted at £1,200 pcm, producing a strong gross yield around 8.7% at the asking price of £165,000. The flat measures approximately 689 sq ft and includes a balcony, lift access and a secure gated parking space — features that support tenant demand in this inner-city area.
The apartment is modern-built (circa 2003–2006) with double glazing and a fitted kitchen with integrated appliances. Accommodation includes a large living room opening onto the balcony, two double bedrooms and a spacious bathroom with shower-over-bath. Proximity to Manchester city centre, universities, ASDA Hulme and local transport links helps maintain rental appeal.
Material costs and commitments are straightforward: the lease is long (about 131 years remaining), the service charge is £180 pcm (c. £2,160 pa) and the ground rent is £180 pa. Heating is by electric panel/room heaters, which can mean higher running costs compared with gas-heated homes and could affect tenant bills or require future upgrading.
Overall this is a turnkey rental asset in a well-connected, low-crime neighbourhood, offering immediate income and reasonable long-lease security. Investors should budget for ongoing service charge costs and consider the electric heating when assessing net yields and tenant attraction.
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