Turnkey one-bedroom buy-to-let with tenant in situ and allocated parking.
Tenant in place — immediate rental income (approx. 6.6% yield)
A ready-made buy-to-let in the heart of Castlefield, this one-bedroom apartment is offered with a reliable tenant in situ, delivering immediate rental income and an advertised yield of around 6.6%. The property is compact (approximately 340 sq ft) and efficiently laid out with open-plan living, a modern fitted kitchen, double bedroom and contemporary bathroom — suitable for a single professional or couple.
Practical benefits for investors include allocated off-street parking, fob entry, video intercom, secure communal access and use of a shared roof terrace — features that help maintain rental appeal in this central location. The long lease (239 years) reduces medium-term title risk, and local transport links, Deansgate shopping and the city’s hospitality offer are all within a short walk, supporting strong tenant demand.
Material costs and location factors to note: the service charge is £2,034.26 per year and ground rent is £200 per year, which will affect net yield. The internal floor area is small (340 sq ft), so the apartment suits rental use rather than owner-occupier space needs. The wider area is described as very deprived, which may influence long-term capital growth despite current strong rental demand from nearby professionals and tech workers.
Overall this is a turnkey city-centre investment: immediate income, long lease and tenant in place, balanced by above-average service charges, modest internal size and locality factors that investors should weigh against yield and rental demand.