£155,000
Manchester
- 0 beds
£155,000
- 0 beds
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Key Features:
- Property Type: Modern 2-Bedroom Apartment
- Tenure: Leasehold (Approx. 977 years remaining)
- Size: 677 sq ft
- Bedrooms: 2
- Bathrooms: 1
- Condition: Excellent – Fully Refurbished in 2022
- Current Rent: £1,125 PCM
- Service Charge: £2,585.76 per annum
- Ground Rent: £150 per annum
- Yield: 8.7% Gross Yield – 7% Net Yield
- Current owner has confirmation that any cladding costs would be footed by the developer and not the leaseholders
Investment Summary:
An exceptional opportunity to purchase a fully refurbished, tenanted 2-bedroom apartment in the heart of Manchester’s thriving M4 district. Offering 100% occupancy, excellent condition, and robust rental returns, this is a turnkey investment suited for both first-time and experienced landlords.
Located within a secure and well-managed building, this unit benefits from long leasehold security and a consistent rental income. With no ongoing or planned building works, no arrears, and no tenant complaints, the property offers a hassle-free purchase for investors.
Property Details:
- No. of Bedrooms: 2
- No. of Bathrooms: 1
- Parking: None
- Garden: N/A
- Condition: Excellent (refurbished in 2022)
- Current Tenancy: Renewed March 2025
- Rental Income: £1,125 PCM
Leasehold Information:
- Lease Length Remaining: Approx. 977 years
- Ground Rent: £150 per annum
- Service Charge: £2,585.76 per annum
Why Invest in Manchester?
Manchester is one of the UK’s fastest-growing cities for both capital growth and rental demand:
- Average Property Price in 2015: £145,000
- Average Property Price in 2025: £250,000+
- Annual House Price Increase (2024-2025): Approx. 6.2%
- Annual Rental Price Growth (2024-2025): Approx. 8.1%
With major developments like Mayfield Park, Manchester HS2 Station, and NOMA regeneration, Manchester continues to attract professionals, students, and international investment alike.
Strong Yields & Rental Market Performance
- Purchase Price: £150,000
- Annual Rent: £13,500
- Gross Yield: 8.7%
This is well above the national average, offering solid passive income with potential for long-term capital appreciation.
Summary
This apartment at 210 Macben House is a standout investment in a prime Manchester location:
- Refurbished to excellent standards
- Fully tenanted with stable income
- Long lease and low ground rent
- Excellent yield and growth prospects
- Professionally managed by Cherry Picked Properties
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