Upper Chorlton Road, Manchester, M16
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
21
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 11 apartments
- Freehold residential investment
- 11 self-contained apartments
- Mix of 1, 2 and 3-bedroom accommodation
- Includes the freehold and carpark at 77-79 Upper Chorlton Road
- Potential gross yield approaching 8.5%+
- Strong long-term capital growth and rental demand fundamentals
Description
The property provides a varied unit mix of one, two and three-bedroom apartments, appealing to a broad tenant demographic including young professionals, families and sharers. Several units are currently income-producing, whilst the vacant apartments offer an incoming purchaser the opportunity to enhance rental income immediately through refurbishment, reletting or proactive asset management.
Accommodation Schedule
2x 1 Bedroom
8x 2 bedroom
1x 3 bedroom
Flat 1 – 1 Bedroom Duplex – Let at £690 pcm (vacant from 22 August)
Flat 2 – 1 Bedroom Duplex – Vacant
Flat 3 – 3 Bedroom Duplex – Vacant
Flat 4 – 2 Bedroom – Vacant
Flat 5 – 2 Bedroom – Vacant
Flat 6 – 2 Bedroom – Let at £1,250 pcm
Flat 7 – 2 Bedroom – Vacant
Flat 8 – 2 Bedroom – Let at £1,100 pcm
Flat 9 – 2 Bedroom – Let at £1,200 pcm
Flat 10 – 2 Bedroom – Let at £1,100 pcm
Flat 21 – 2 Bedroom – Let at £995 pcm
The property currently produces approximately £6,335 pcm (£76,020 per annum) from the occupied units.
Based on current occupational demand within the Whalley Range and wider South Manchester rental market, the vacant units present a significant opportunity to increase income. Assuming market rents broadly in line with the existing tenancy profile, the development could generate an estimated gross annual income of approximately £140,000–£145,000 per annum when fully occupied.
At the asking price of £1,650,000, this represents a potential gross yield in the region of 8.5%–8.8%, subject to full occupancy and rent levels achieved.
The property occupies a prominent position on Upper Chorlton Road within the highly sought-after area of Whalley Range, one of South Manchester's most established residential districts. The location benefits from excellent access to Manchester City Centre, MediaCityUK, Manchester Universities and the major employment hubs of Trafford and Salford.
Residents enjoy an extensive range of local amenities including supermarkets, independent cafés, restaurants, parks and leisure facilities. The nearby districts of Chorlton, Hulme and Old Trafford further enhance the area's appeal, while regular bus routes and convenient access to the Metrolink network provide excellent connectivity throughout Greater Manchester.
PLEASE NOTE: This sale also includes the freehold ownership and car park serving 77–79 Upper Chorlton Road.
- 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.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- 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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Visit our security centre to find out moreDisclaimer - Property reference GC-2026-023. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Greenco, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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