Balcony, parking and strong rental income near Manchester’s NOMA redevelopment.
8th-floor two-bedroom apartment with private balcony and allocated parking|793 sq ft — compact city living layout|Tenanted until Feb 2026; current and projected rental yields 7.43%/7.71%|Long lease remaining — approx. 131 years left|EWS1 B1 rated; EPC B|Service charge ≈ £2,578 pa; ground rent ≈ £250 pa|Electric room heaters (no communal gas) — potentially higher energy costs|Low ceilings and small rooms — inspect for headroom and storage
Set on the eighth floor of Cypress Place, this two-bedroom apartment offers a compact, contemporary city base with a balcony and allocated parking. At 793 sq ft, it suits investors targeting the busy Manchester lettings market or owner-occupiers seeking a convenient central address near the NOMA redevelopment.
The flat is currently tenanted until February 2026, delivering a reported current rental yield of 7.43% (£1,300 pcm) with a projected yield of 7.71% at £1,350 pcm. The building is EWS1 B1 rated and has an EPC B. The long lease (about 131 years remaining) provides secure tenure for buyers and lenders.
Notable running costs and fabric details are transparent: an annual service charge of approximately £2,578, ground rent around £250, and separate building insurance. Heating is electric via room heaters rather than a communal gas system; this may mean higher running costs for some occupiers. Internal rooms are described as compact with relatively low ceilings, which buyers should inspect to confirm suitability.
Location is a strong selling point for lettings: excellent mobile and fast broadband, very low crime, allocated off-street parking, and immediate access to transport, shops and leisure. Buyers should be aware the wider area is classified as very deprived and the neighbourhood is largely student-oriented—factors that support rental demand but may influence long-term resale choices.
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