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EPC Rating Graph
Guide price
£150,000

2 bedroom apartment for sale

The Foundry, 2A Lower Chatham Street, Manchester
Auction
Added today
Apartment
2 beds
1 bath
753
EPC rating: C
Added today

Key information

TenureLeasehold | 975 yrs left
Ground rent£150 per annum | review period: unconfirmed
Service charge£1,677.72 per annum
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • For sale by online auction
  • 6 weeks’ completion
  • Apartment
  • Two bedrooms
  • Requires refurbishment
  • Leasehold
  • Investment

Video tours

This well-located two bedroom, two bathroom apartment presents an appealing opportunity for investors seeking a stable income stream in one of Manchester’s most consistently in-demand rental areas. Positioned just behind Oxford Road Station, the property combines reliable tenancy, excellent transport connectivity and long-term value, with a current rent of £1,254 per month and approximately 975 years remaining on the lease.

Set within The Foundry, a modern development with secure fob entry and allocated parking, the apartment offers a practical and attractive layout suited to both tenants and future owner-occupiers. The open plan kitchen and reception space is bright and inviting, enhanced by a Juliet balcony and a contemporary fitted kitchen with integrated appliances. Two well-proportioned double bedrooms provide comfortable accommodation, with the principal bedroom featuring its own Juliet balcony and ensuite shower room, while the main bathroom includes a bath with shower over, wash basin and WC.

The immediate area is one of Manchester’s most vibrant neighbourhoods, with Oxford Road’s universities, cultural venues, cafés and late-night spots just moments away, making it a long-standing favourite for young professionals and students alike. Excellent rail, tram and bus links place the wider city and regional employment hubs within easy reach, ensuring ongoing rental demand and strong occupancy levels.

Rooms

Auction
To be sold by online auction (unconditional) on Thursday 29th January 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Leasehold

Lease
999 years from 24 June 2002 - 975 remaining

Tenancies
Let on an AST from 10.11.23 at £1254 PCM. This tenancy is now on a periodic basis. Please see legal pack for further details.

Ground rent and service charge
Please see legal pack for further details.

EPC rating
C

Council tax band
D - Manchester

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

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About this agent

Leaders - Fallowfield
Leaders - Fallowfield
351 Wilmslow Road Fallowfield M14 6XS
0161 937 9587
Full profileProperty listings
With a network of over 120 branches, Leaders provides its customers and clients with a comprehensive range of property services including: residential sales, lettings and property management, financial advice, conveyancing, surveys and valuations and land and new homes, meaning our clients and customers can achieve all their property solutions 'Under One Roof'.
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