Fourth-floor canal-view apartment with parking and strong rental yield.
Fourth-floor apartment with canal and city views
Sit on a fourth-floor balcony overlooking Castlefield and the River Irwell from this modern two-bedroom apartment in Castle Wharf. Built in 2021, the property is contemporary and well-presented, with integrated kitchen appliances, floor-to-ceiling windows, and access to resident facilities including gym, sauna, steam room and residents’ lounge. An allocated off-street parking space is included.
Presented to the market tenanted until September 2026, this unit currently achieves a reported rental income of £1,900pcm (6.16% yield) with projections at £1,950pcm (6.32% yield). An EWS1 form is available and the building benefits from a 24-hour concierge and riverside terrace — features that support strong tenant demand in this central Castlefield location.
Practical costs and considerations are clear: the property is leasehold (long lease remaining), with an annual service charge around £2,486, ground rent approx. £305 pa and council tax band F (expensive). Heating is electric through room heaters, which can increase running costs compared with gas-fired systems.
This is primarily an investor-oriented opportunity in a cosmopolitan, student-heavy neighbourhood close to transport, leisure and city-centre amenities. The combination of modern build quality, on-site facilities and rental performance suits buyers seeking an income-producing asset; owner-occupiers should note the tenancy and area profile before viewing.