Summary - FLAT 109, CYPRESS PLACE, 9, NEW CENTURY PARK M4 4EE
2 bed 2 bath Apartment
Ready-made income in a modern development near major regeneration.
Two bedrooms and two bathrooms with private balcony and allocated parking
728 sq ft — practical layout for long-term let or owner use
Tenanted until September 2026 — immediate rental income
Current yield 6.73% (£1,150 pcm); projected 7.02% at £1,200 pcm
EWS1 B1 certified — important for mortgageability and safety
Service charge £2,341.16 pa; building insurance c.£980.31 pa; ground rent £250 pa
Electric room heaters (no central heating) — higher running costs possible
Located in a student‑dominated, very deprived area — impacts demand and growth
This third-floor, two-bedroom apartment in Cypress Place offers a modern, low-maintenance city base with a private balcony and allocated parking. At 728 sq ft the layout is practical for long-term lets or buy-to-let portfolios; the building holds an EWS1 B1 certificate and the lease has around 131 years remaining.
The property is tenanted until September 2026 and currently yields 6.73% at £1,150 pcm (projected 7.02% at £1,200 pcm), making it immediately income-generating for investors. Service charge and building insurance are routine costs (£2,341.16 and c.£980.31 pa respectively) and ground rent is £250 pa—factor these into net returns.
On the downside, heating is electric via room heaters which can lead to higher running costs compared with gas central heating. The apartment sits in a very deprived local area and is in a cosmopolitan, student-dominated neighbourhood, which may affect long-term capital growth expectations and owner-occupier appeal.
Overall this is a ready-made investment in a modern Manchester development close to large regeneration plans (New Century Park/N.O.M.A.), offering immediate rental income and straightforward management while requiring awareness of running costs and local market dynamics.
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