Summary - Flat 104, 1 Advent Way M4 7LR
2 bed 2 bath Flat
Well-connected investment in Ancoats with gym and strong rental demand.
- Two double bedrooms; master with en-suite
- Purpose-built 2017 block with on-site gym
- Short walk to Islington Wharf Metro and Piccadilly station
- Achieves about £1,350 pcm rent; good investor yield potential
- Leasehold with ~225 years remaining (long lease)
- Service charge c. £2,791.66 pa and ground rent £350 pa
- Electric room heaters only; no gas central heating
- No short-term holiday lets allowed; marketed to cash buyers
A contemporary two-bedroom apartment in the heart of Ancoats / New Islington, built in 2017 and set on the second floor of a purpose-built block. The open-plan living area and fitted kitchen lead to two bedrooms, the master with an en-suite, plus a separate family bathroom. Residents benefit from an on-site gym and easy walking access to Islington Wharf Metro, Piccadilly station and city-centre amenities.
This property sits in a multicultural, student-focused neighbourhood and is already achieving rental income (circa £1,350pcm), making it a straightforward income opportunity for investors. Leasehold tenure has long years remaining (around 225 years) and the building’s service charge and ground rent are disclosed, so ongoing costs are clear to budget for.
Practical considerations include electric room heating rather than gas central heating, and a service charge of approximately £2,791.66 per year with ground rent at £350. Short-term holiday lets are not permitted, which limits short-stay income but supports longer-term tenancies and stable neighbourhood use. The property is currently marketed to cash buyers, which will affect buyer eligibility and financing choices.
Overall this is a low-maintenance modern flat in a well-connected area, suited to buy-to-let investors targeting steady rental demand from students and city workers, or buyers wanting a city-base with gym facilities and fast broadband.
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