Macben House

Key Features:

• Property Type: Modern 2-Bedroom Apartment
• Tenure: Leasehold (Approx. 977 years remaining)
• Size: 677 sq ft
• Bedrooms: 2
• Bathrooms: 1
• Condition: Excellent – Fully Refurbished in 2022
• Current Rent: £1,125 PCM
• Service Charge: £2,585.76 per annum
• Ground Rent: £150 per annum
• Yield: 8.7% Gross Yield – 7% Net Yield
• Current owner has confirmation that any cladding costs would be footed by the developer and not the leaseholders

Investment Summary:

An exceptional opportunity to purchase a fully refurbished, tenanted 2-bedroom apartment in the heart of Manchester’s thriving M4 district. Offering 100% occupancy, excellent condition, and robust rental returns, this is a turnkey investment suited for both first-time and experienced landlords.

Located within a secure and well-managed building, this unit benefits from long leasehold security and a consistent rental income. With no ongoing or planned building works, no arrears, and no tenant complaints, the property offers a hassle-free purchase for investors.

Property Details:

• No. of Bedrooms: 2
• No. of Bathrooms: 1
• Parking: None
• Garden: N/A
• Condition: Excellent (refurbished in 2022)
• Current Tenancy: Renewed March 2025
• Rental Income: £1,125 PCM

Leasehold Information:

• Lease Length Remaining: Approx. 977 years
• Ground Rent: £150 per annum
• Service Charge: £2,585.76 per annum

Why Invest in Manchester?

Manchester is one of the UK’s fastest-growing cities for both capital growth and rental demand:

• Average Property Price in 2015: £145,000
• Average Property Price in 2025: £250,000+
• Annual House Price Increase (2024-2025): Approx. 6.2%
• Annual Rental Price Growth (2024-2025): Approx. 8.1%

With major developments like Mayfield Park, Manchester HS2 Station, and NOMA regeneration, Manchester continues to attract professionals, students, and international investment alike.

Strong Yields & Rental Market Performance

• Purchase Price: £150,000
• Annual Rent: £13,500
• Gross Yield: 8.7%

This is well above the national average, offering solid passive income with potential for long-term capital appreciation.

Summary

This apartment at 210 Macben House is a standout investment in a prime Manchester location:

• Refurbished to excellent standards
• Fully tenanted with stable income
• Long lease and low ground rent
• Excellent yield and growth prospects
• Professionally managed by Cherry Picked Properties