Summary - Flat 1, 1, Advent Way, MANCHESTER M4 7LR
1 bed 1 bath Flat
Long-lease, city-centre one-bed with tenant in situ and on-site gym — ideal for investors.
One-bedroom furnished flat with private balcony and city views
A one-bedroom apartment in X1 The Plaza, built 2020 and currently producing a rental income of £1,095 pcm. The flat is compact (approx. 538 sq ft), furnished and arranged as an open-plan living space with a private balcony and city views. Residents have access to an on-site gym and the development sits within easy walking distance of Manchester city centre, New Islington tram stop and Piccadilly station.
The property offers low-maintenance modern fittings and a long lease (231 years). EPC B and EWS1 approval are already in place, reducing near-term compliance risk. Broadband speeds and mobile signal are reported as good, supporting tenant demand in this cosmopolitan, student-driven neighbourhood.
Costs to factor: service charge c. £2,029.02 pa and ground rent £350 pa (noting ground rent may increase under the head lease). Heating is electric (room heaters) rather than gas central heating, which can push running costs depending on tariff and usage. The flat is sold with a tenant in situ, so vacant possession would require notice and may limit immediate owner occupation.
This suits investors seeking an easy-to-manage city-centre let with a stable income and long lease. First-time buyers wanting immediate occupation should note the tenancy and the ongoing service/ground charges when budgeting.
1 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £152,000 • 1 bed • 1 bath • 538 ft²
1 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £145,000 • 1 bed • 1 bath • 538 ft²
2 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £208,000 • 2 bed • 2 bath • 656 ft²
1 bedroom flat for sale in 1 Advent Way, Ancoats, Manchester, M4 — £175,000 • 1 bed • 1 bath • 538 ft²
2 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £248,000 • 2 bed • 2 bath • 656 ft²
2 bedroom flat for sale in The Plaza, 1 Advent Way, Ancoats, Manchester, M4 — £208,000 • 2 bed • 2 bath • 656 ft²
