2-Bed Apartment, Halo House, Simpson Street, Manchester
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
710 sq ft
66 sq m
Description
Tenanted 2-Bedroom, 2-Bathroom Apartment | 6% Net Yield | Prime Manchester Investment
Property Description
A local Manchester STL accommodation company is forecasting 20% gross returns, based on £140 per night and 90% occupancy. Fully tenanted, high-specification two-bedroom (master with balcony), two-bathroom apartment in the sought-after Halo House development, ideally positioned just minutes from Manchester city centre. No cladding issues with the building.
EWS1 is in place and available. Parking also available with this property. Located on the first floor, this modern apartment offers strong, immediate rental income and long-term capital growth potential within one of the UK's fastest-growing property markets. With capital growth of 20% to 30% over the next 5 years as indicated by Savills.
The apartment is currently let to professional tenants at £1,500 PCM (£18,000 per annum) on a rolling tenancy, delivering an attractive 6% net yield, making it an ideal turnkey investment opportunity. Secure, fob operated underground parking space.
Key Investment Highlights:
* Zero ground rent to pay
* 390 year lease
* Short term let permitted
* Short term let expected at £140 per night - Potential 20%
* Gross yield on STL (Short Term Let)
* EWS1 in place - no cladding issues
* Two spacious double bedrooms, master with balcony
* Two modern bathrooms (including en-suite)
* One allocated secure underground fob-controlled parking space comes with the apartment
* Fully tenanted investment producing £18,000 per annum
* Attractive 6% yield on the current AST
* Completed in 2019-modern energy efficient development with EPC rating of B
* Highly desirable residential location within a growth area
* Strong rental demand from tenants
* Self-managed - no restrictive lettings agreements
* Fully Furnished
Halo House is ideally situated within walking distance of Manchester city centre, offering excellent connectivity and lifestyle convenience.
Nearby destinations include:
* A local park Angel Meadow Park as a green space in heart of city centre 75m development
* Near the £1 billion NOMA regeneration zone
* Manchester City Centre - 10 minute walk
* St Peter's Square - 18 minute walk
* Northern Quarter - 12 minute walk
* Deansgate - 10 minute walk
* Arndale centre - 8 minute walk
* Manchester main bus station/transport hubs nearby Shudehill metro - 5 minute walk
* Manchester Victoria Station - close proximity
* Science and Industry Museum - 2.2 km
The development is popular with professional tenants due to its proximity to:
* Major employers
* Universities
* Retail, dining and leisure facilities
* Transport links
Manchester continues to be one of the UK's strongest performing property markets, driven by economic growth, population increase, and ongoing regeneration.
Apartment Features - The apartment briefly comprises:
* Entrance hallway
* Spacious open-plan living and dining area
* Fully fitted modern kitchen with integrated appliances
* Two large double bedrooms, master with balcony
* En-suite bathroom to master bedroom
* Contemporary main bathroom
* Ample storage space
* Fully furnished throughout - Finished to a high modern standard, the apartment offers excellent tenant appeal and low ongoing maintenance
* Secure underground parking, with key fob entry
Investment Information:
* Price: £255,000
* Rental Income: £18,000 per annum
* Rental Yield: 6% Net
* Tenancy: Rolling tenancy (since June 2024)
* Lease Length: 390 years remaining
* Ground Rent: Peppercorn
* Service Charge: £2,549.40 (2026)
* Completion Year: 2019
Why Invest in Manchester?
Manchester is widely recognised as one of the UK's top investment locations, benefiting from:
* Rapid population growth
* Strong employment market
* Major regeneration investment
* High rental demand
* Continued capital appreciation
Viewings & Enquiries:
This is an excellent opportunity to acquire a high-yielding, income-producing investment property in a prime Manchester location.
Viewings are available by appointment only.
Please contact Residential Estates today for further information.
Tenure: Leasehold (390 years)
Service Charge: £2,542.7 per year
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Underground
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
2-Bed Apartment, Halo House, Simpson Street, Manchester
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