Apartment 1, Premier Point, Manchester
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
484 sq ft
45 sq m
Description
Apartment 1, 20 Southern Street, Manchester, M3 4NJ
Guide Price: £159,000
An excellent opportunity to acquire a well-presented one-bedroom ground floor apartment in central Manchester, just a short walk from Deansgate, offering investors an attractive entry point into one of the UK's most established property markets.
The 44.7 sqm apartment is currently available to let at £1,050 per calendar month, representing a projected 6.1% net yield when operated as a traditional Assured Shorthold Tenancy (AST).
With excellent transport links, major employment hubs, restaurants, bars and Manchester's city-centre amenities all within easy reach, Premier Point offers a compelling combination of rental demand, location and affordability.
Investment Highlights:
- £159,000 purchase price
- £1,050 pcm rental potential
- Approximately 6.1% net yield
- 44.7 sqm one-bedroom apartment
- Ground floor
- 125-year lease from 1 January 2006
- 107 years remaining
- £250 annual ground rent
- £1,340 annual service charge
- £585 annual letting fee
- White goods included
- Council Tax Band C
- No parking space
- Traditional AST rental strategy
- The Apartment
Apartment 1 is a spacious 44.7 sqm one-bedroom apartment positioned on the ground floor of Premier Point.
The property features an open-plan kitchen and living area, providing a practical contemporary living space, together with a separate bedroom and main bathroom.
The kitchen is fitted with a fridge/freezer, fan-assisted oven and extraction fan, while a dedicated utility cupboard houses the washing machine and boiler.
The apartment also benefits from a main bathroom with bath/shower, WC, sink, towel rail and vanity mirror, while the bedroom is carpeted and benefits from a large window.
Strong Rental Opportunity:
The apartment is currently being marketed at £1,050 pcm, providing investors with a gross annual rental income of £12,600.
The sales documentation indicates a 6.1% net yield on an AST strategy, making this an attractive option for investors looking for reliable long-term rental income from a city-centre property.
The apartment has also previously been operated on a mixture of AST and short-term lets. However, purchasers should note that the lease does not permit short-term lets, so the investment should be considered on the basis of a traditional AST strategy.
Prime Manchester Location:
Premier Point is exceptionally well positioned for access to Manchester city centre and some of the city's key employment, leisure and transport destinations.
- 2-minute walk to the Hilton Hotel on Deansgate
- 3-minute walk to Deansgate Train Station
- 15-minute walk to Manchester Piccadilly
- 8-minute drive to Old Trafford
- Easy access to Manchester city-centre amenities
The property's proximity to Deansgate and the wider city centre makes it particularly well suited to professionals seeking convenient city living.
A Low-Entry Manchester Investment:
At £159,000, this represents an accessible opportunity to acquire a residential investment property in central Manchester without the price tag associated with many newer city-centre developments.
The combination of a relatively affordable purchase price, strong rental demand and established city-centre location makes Premier Point an appealing option for both existing landlords looking to expand their portfolio and investors seeking their first Manchester property.
Property Details:
- Property: Apartment 1, Premier Point
- Address: 20 Southern Street, Manchester, M3 4NJ
- Type: One-bedroom apartment
- Floor: Ground floor
- Size: 44.7 sqm
- Tenure: Leasehold
- Lease: 125 years from 1 January 2006
- Remaining lease: Approximately 107 years
- Price: £159,000
- Rental: £1,050 pcm
- Net yield: Approximately 6.1%
- Ground rent: £250 per annum
- Service charge: £1,340 per annum
- Council Tax: Band C
- Parking: No allocated parking space
- White goods: Included
Enquire Today
With its central Manchester location, attractive rental potential and accessible purchase price, Apartment 1 at Premier Point represents a strong opportunity for investors seeking a straightforward AST buy-to-let investment in Manchester.
Contact Residential Estates today for further information or to arrange a viewing.
Council Tax Band: c (Manchester City Council)
Tenure: Leasehold (125 years)
Ground Rent: £250 per year
Service Charge: £1,340 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.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- 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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