College Road

KEY FIGURES AT A GLANCE

• Asking price: £135,000
• Current rent: £600 pcm (£7,200 p.a.)
• Market rent: £800-£850 pcm (£9,600–£10,200 p.a.)
• Net yield today: 5.0%
• Net yield at market rent: 6.8%–7.2%
• Lease: 999 years from 31st March 2015 (approx. 988 years unexpired), peppercorn ground rent

THE OPPORTUNITY

An excellent opportunity to acquire a fully tenanted one-bedroom apartment in Manchester’s popular M16 postcode, producing immediate rental income with significant scope for growth. The property is let to a reliable sitting tenant who is fully up to date with rental payments, currently paying £600 per calendar month (£7,200 per annum). With comparable one-bedroom apartments in the area achieving £800–£850 pcm, the passing rent sits well below market level, offering the incoming investor a built-in reversionary uplift of approximately 33–42% without spending a penny on the property.

Held on a 999-year lease from 31st March 2015 at a peppercorn ground rent, the apartment is effectively as good as freehold from an investment standpoint, with no escalating ground rent to erode returns or complicate future lending and resale. The modest annual service charge of just £480 keeps outgoings low and net income strong.

THE PROPERTY

Flat 6 is a well-proportioned one-bedroom apartment situated on the first floor of an attractive converted period property comprising six apartments in total. The accommodation briefly comprises an entrance hall, living room, kitchen, double bedroom and bathroom. Conversions of this style are consistently popular with Manchester’s large population of young professionals, offering more character and space than modern purpose-built stock at a comparable price point.

TENANCY & INCOME

• Occupancy: Fully let to a sitting tenant — income from day one, no void period, no letting fees on completion
• Current rent: £600 pcm / £7,200 per annum
• Market rent: £800-£850 pcm / £9,600–£10,200 per annum
• Payment record: Tenant fully up to date with all rental payments
• Reversionary uplift: Approx. £2,400–£3,000 per annum of additional income available at review

TENURE & OUTGOINGS

• Tenure: Leasehold – 999 years from 31st March 2015 (approx. 988 years unexpired)
• Ground rent: Peppercorn (nil) – no escalating ground rent, no doubling clauses
• Service charge: £480 per annum (£40 pcm) – exceptionally low for an apartment of this type

INCOME & NET YIELD ANALYSIS

Net yields at the asking price of £135,000, after deducting the £480 annual service charge (ground rent is a peppercorn, so nil):

• Net income today: £7,200 rent less £480 = £6,720 p.a. – a net yield of 5.0%
• Net income at £800 pcm: £9,600 less £480 = £9,120 p.a. – a net yield of 6.8%
• Net income at £850 pcm: £10,200 less £480 = £9,720 p.a. -a net yield of 7.2%

Bringing the rent in line with the market increases net income by over 40% – from £6,720 to as much as £9,720 per annum – transforming a solid 5.0% day-one return into a net yield of up to 7.2% on the same purchase price.

LOCATION: WHY INVEST IN M16 & SOUTH MANCHESTER

College Road sits in Whalley Range, one of South Manchester’s most established residential neighbourhoods of tree-lined streets and handsome period properties — offering the combination landlords look for: strong, consistent tenant demand at a price point still well below the city-centre market.

• City-centre connectivity: Manchester city centre is around 3 miles away, with frequent buses along the A5103 corridor and Metrolink trams nearby at Firswood, Chorlton and Trafford Bar.
• Employment hubs: Easy reach of MediaCityUK, Old Trafford, Trafford Park, Manchester Royal Infirmary and the Oxford Road corridor, a deep, diverse tenant pool.
• Universities & hospitals: The University of Manchester, Manchester Met and the MRI campus are a short commute, underpinning year-round demand from students, academics and healthcare workers.
• Lifestyle appeal: Neighbouring Chorlton’s independent bars and restaurants, plus green space at Alexandra Park and Longford Park, make the area a favourite with young professionals.
• Growth story: Manchester has been one of the UK’s strongest cities for rental growth and capital appreciation over the past decade.

IN SUMMARY

A ready-made investment at £135,000: reliable tenant in place, day-one cash flow, a c. 33–42% rental reversion to unlock, a 999-year peppercorn lease, minimal outgoings, and a location backed by one of the UK’s strongest rental markets, secure income today with genuine upside tomorrow.