Dickenson Road

THE PROPERTY

Each of the four apartments is fully self-contained, comprising a kitchen, bathroom, and living room, offering tenants comfortable and independent living. The communal areas are limited to an entrance hallway and staircase, keeping maintenance responsibilities to a minimum. To the rear of the property sits a small yard and brick external storage area. The property is currently managed by a local letting agent, making this a truly hands-off investment from day one.

FINANCIAL DETAILS

Current monthly rental income breaks down as follows:

• Flat 1: £500 pcm
• Flat 2: £550 pcm
• Flat 3: £650 pcm
• Flat 4: £650 pcm

Total: £2,350 per month | £28,200 per annum

With an asking price of £300,000 and a gross annual income of £28,200, this property delivers a gross yield of 9.4%, significantly above the national average for residential buy-to-let investments, which typically sits between 4–6%. All four tenants are responsible for their own bills, including council tax, gas, electricity, and water, meaning your rental income is clean with minimal outgoings eating into your returns.

WHY MANCHESTER?

Manchester consistently ranks as one of the UK’s top cities for property investment, and M14, covering the Rusholme and Fallowfield areas, is particularly compelling. The postcode sits within easy reach of the University of Manchester and Manchester Metropolitan University, generating sustained demand from students and young professionals year-round. The area benefits from excellent transport links into the city centre, a vibrant local economy, and continued regeneration investment across South Manchester.

Rental demand in this corridor remains exceptionally strong, with low void rates reported across the area. For investors seeking reliable, long-term income in a high-demand urban location, M14 continues to outperform many comparable postcodes across the North West.

KEY INVESTMENT HIGHLIGHTS

• Asking Price: £300,000
• Gross Yield: 9.4%
• Annual Rental Income: £28,200 (£2,350 pcm)
• Four self-contained, fully occupied flats
• Freehold title
• Tenants pay all their own bills
• Managed by a local letting agent
• Established tenants, some long-term, providing income security
• Minimal refurbishment required in some units
• Freehold property with no ground rent or service charge obligations
• Potential to increase rents upon tenancy renewals, further improving yield

A NOTE ON REFURBISHMENT POTENTIAL

Some apartments may benefit from light cosmetic updating, presenting a value-add opportunity for an active investor looking to drive rents upward and push yields even higher upon re-let.

SUMMARY

Whether you are an experienced portfolio landlord or a first-time investor looking to enter the market with immediate income, 106 Dickenson Road represents a rare opportunity to acquire a fully tenanted, high-yielding freehold block in one of England’s most sought-after investment cities. With strong fundamentals, a clean income structure, and scope to grow returns, this property is priced to sell.