2-Bed Apartment, Halo House, Simpson Street, Manchester
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Description
Tenanted 2-Bedroom, 2-Bathroom Apartment | 6% Net Yield | Prime Manchester Investment
Property Description
Residential Estates is delighted to present this 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.
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
* Fully tenanted investment producing £18,000 per annum
* Attractive 6% net yield
* Two spacious double bedrooms, master with balcony
* Two modern bathrooms (including en-suite)
* Fully furnished and ready investment
* Long lease - 390 years remaining, as opposed to the normal 250yrs
* Peppercorn ground rent, so no ground rent reviews / increases
Secure underground parking, fob operated
* Completed in 2019 - modern, energy-efficient development
* Highly desirable residential location
* Strong rental demand from professionals
* Self-managed - no restrictive letting agreements
Short Term lets permitted
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.
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- 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.
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- 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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About Residential Estates, Chester
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