Versatile flat with mezzanine and strong rental income potential near transport and amenities.
15% reported rental yield, high investor appeal
A standout opportunity for investors seeking strong rental returns in Manchester city centre. This two-bedroom apartment occupies a flexible layout with an open-plan kitchen/living area and a striking mezzanine level that increases usable space—ideal for furnishing to maximise rental income to students or young professionals.
The building presents period character externally with a converted, modern interior: double glazing, contemporary shower room and a handy utility/storage cupboard. The property is electrically heated with room heaters and benefits from excellent mobile signal and fast broadband—practical for letting in a cosmopolitan student neighbourhood.
Be aware of a few material points: the lease has 91 years remaining, and the service charge is comparatively high at £375 pcm (£4,500 pa). Heating is by electric room heaters, which can mean higher running costs than gas. The immediate area is classified as deprived and heavily student-populated, which supports strong rental demand but may not suit owner-occupiers seeking a quieter residential environment.
Overall, this 762 sq ft apartment offers immediate lettable potential and a headline 15% rental yield for investors prepared to manage lease length considerations and service-charge costs. It’s best suited to investors or buyers seeking an adaptable city-centre rental asset with character and good transport and amenity links.