Cypress Place

PROPERTY DESCRIPTION

Set on the first floor of the popular Cypress Place development, this well-proportioned one-bedroom apartment has been thoughtfully designed to maximise both space and light. The accommodation comprises an open-plan living and kitchen area, a generous double bedroom, a stylish bathroom with shower over bath, and the added benefit of a separate utility room – a rare and practical feature that sets this apartment apart from many comparable properties in the area.

The living space opens directly onto a private balcony, offering a peaceful spot to relax while overlooking the attractively landscaped green space that sits between the apartment blocks. This pleasant, leafy outlook is a genuine point of difference, helping the property stand out to prospective tenants and contributing to its consistently strong rental appeal.

Accommodation:

• Entrance hallway
• Open-plan living/kitchen area with access to private balcony
• Double bedroom
• Bathroom with shower over bath
• Separate utility room
• Private balcony overlooking communal green space

TENURE & FINANCIAL INFORMATION

• Leasehold, 129 years remaining
• Ground rent: £250 per annum
• Service charges: approx. £1,700 per annum
• Current rental income: £1,175 pcm (£14,100 per annum)
• Approximate gross yield: 9.86%
• Approximate net yield: 8.5%

WHY THIS INVESTMENT STANDS OUT

This apartment ticks every box for the discerning investor:

• Immediate income – already tenanted at £1,175 pcm, with no void period or letting costs to absorb
• Strong yield – a gross return of close to 10%, well above the Manchester city-centre average
• Low-maintenance living – modern build with utility room, ideal for tenant retention
• Desirable outlook – overlooking green, landscaped communal space rather than facing directly onto neighbouring blocks
• Established lettings market – the Green Quarter has a long track record of strong tenant demand, driven by its location, transport links, and lifestyle appeal

With Manchester continuing to see sustained population growth, ongoing regeneration, and consistent demand from young professionals, this property is well-placed to deliver both reliable rental income and long-term capital growth potential.

THE LOCATION

Cypress Place enjoys an enviable position within the Green Quarter, one of Manchester’s most sought-after and rapidly evolving neighbourhoods, sitting between the Northern Quarter and Ancoats.

Getting around:
Residents benefit from outstanding transport connectivity. Manchester Victoria and Manchester Piccadilly stations are both within easy reach, offering fast links across the North West and beyond. Excellent bus routes and cycle links, along with the area’s walkable layout, make commuting into the city centre – just minutes away – simple and convenient.

Lifestyle and amenities:
The Green Quarter and neighbouring Northern Quarter offer a vibrant mix of independent cafés, bars, and restaurants, along with boutique shops, art galleries, and regular street food and market events. Nearby Ancoats – often cited as one of the UK’s most exciting food destinations – adds further to the area’s appeal, while the green, landscaped courtyards within the development itself provide a welcome contrast to the surrounding city buzz.

Strong demand fundamentals:
The Green Quarter continues to attract a steady flow of young professionals and city workers drawn to its blend of city-centre convenience, green outdoor space, and strong sense of community – all factors that support consistent tenant demand and make this an attractive, resilient investment location.

SUMMARY

Combining a thoughtfully laid-out apartment, a desirable green outlook, an already-in-place tenancy, and a prime position within one of Manchester’s most popular residential quarters, this is an opportunity that is unlikely to remain available for long.