Summary - The Plaza, 1 Advent Way, Ancoats, Manchester, M4 M4 7LS
2 bed 2 bath Flat
Immediate rental income in a lively central location with two parking spaces.
Top-floor two-bedroom apartment with balcony and contemporary finishes
Tenanted until July 2025 — achieving £1,300 pcm (income immediate)
Two allocated off-street parking spaces included
On-site gym and overnight security increase tenant appeal
Long lease: 232 years remaining; EPC C
Service charge ~£2,440 p/a; ground rent £350 p/a (RPI review)
Electric room heaters — likely higher running costs than gas
Suitable for investors; viewings recommended to confirm condition
Top-floor two-bedroom apartment in Ancoats presenting a straightforward income opportunity. The property is tenanted until July 2025, currently achieving £1,300 pcm, making it suitable for investors seeking immediate rental return. Two allocated off-street parking spaces, on-site gym and overnight security add convenience and appeal to tenants.
The flat is offered fully furnished with a fitted kitchen, dishwasher, washer-dryer and two fitted bathrooms. Light-filled open-plan living leads to a balcony; contemporary finishes and wooden flooring give a modern, low-hassle feel. EPC rating C and long lease (232 years) remove common ownership worries.
Costs and running notes: the annual service charge is approximately £2,440 and ground rent £350 (RPI review next 31.12.2024). Heating is by electric room heaters, which can be more expensive than gas alternatives. Prospective buyers should budget for service charges and higher running costs from electric heating.
Location is a major selling point: a short walk to Manchester city centre, New Islington tram stop and Piccadilly station, plus local shops, bars and restaurants. The multicultural, student-friendly neighbourhood supports rental demand, but buyers should note the area’s character when considering target lets or long-term resale.
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