Summary - Castle Wharf, 2A Chester Road, Manchester, M15 M15 4SD
1 bed 1 bath Apartment
Turnkey city-centre investment with strong yields and long lease.
10th-floor one-bed with private balcony and panoramic Castlefield views
A contemporary one-bedroom apartment on the 10th floor of Castle Wharf, completed in 2021, offers a ready-made city-centre investment in Castlefield. The 542 sq ft open-plan apartment includes a private balcony, excellent views across Castlefield and the River Irwell, and access to high-spec communal amenities including 24-hour concierge, gym and spa. EWS1 A1 certification is in place.
The property is currently tenanted until September 2026 at £1,600 pcm (current gross yield 6.34%), with a projected rental figure of £1,650 pcm (6.53%). Leasehold security is strong with approximately 950 years remaining. Annual running costs to note: service charge approximately £2,230.04, building insurance about £430.33, and ground rent c. £284.
Practical considerations: main heating is by electric room heaters, which can raise occupant energy costs compared with central heating systems. The immediate area is a cosmopolitan, multicultural student neighbourhood and classified as very deprived — this supports strong rental demand but may not suit buyers seeking a traditional family market. Flood risk is nil and local crime levels are very low.
Overall this is a low-management, city-centre investment with long lease security, strong on-site facilities and immediate rental income. Buyers should weigh ongoing service charges and electric heating against reliable tenancy and a desirable Castlefield address.
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