2 bedroom apartment for sale

£255,000 | Halo House, 27 Simpson Street, Manchester, M4
Tenanted 2-Bedroom, 2-Bathroom Apartment | 6% Net Yield | Prime Manchester Investment

Property Description
Residential Estates is delighted to present this fully tenanted, high-specification two-bedroom (master with balcony), two-bathroom apartment in the sought-after Halo House development, ideally positioned just minutes from Manchester city centre. No cladding issues with the building. EWS1 is in place and available.

Located on the first floor, this modern apartment offers strong, immediate rental income and long-term capital growth potential within one of the UK's fastest-growing property markets. With capital growth of 20 to 30% over the next 5 years as indicated by Savills.

The apartment is currently let to professional tenants at £1,500 PCM (£18,000 per annum) on a rolling tenancy, delivering an attractive 6% net yield, making it an ideal turnkey investment opportunity.
Secure, fob operated underground parking space.

Key Investment Highlights
* Fully tenanted investment producing £18,000 per annum
* Attractive 6% net yield
* Two spacious double bedrooms, master with balcony
* Two modern bathrooms (including en-suite)
* Fully furnished and ready investment
* Long lease - 390 years remaining, as opposed to the normal 250yrs
* Peppercorn ground rent, so no ground rent reviews / increases
Secure underground parking, fob operated
* Completed in 2019 - modern, energy-efficient development
* Highly desirable residential location
* Strong rental demand from professionals
* Self-managed - no restrictive letting agreements
Short Term lets permitted

Halo House is ideally situated within walking distance of Manchester city centre, offering excellent connectivity and lifestyle convenience.
Nearby destinations include:
A local park Angel Meadow Park as a green space in heart of city centre 75m development
Near the £1 billion NOMA regeneration zone
Manchester City Centre - 10 minute walk
St Peter's Square - 18 minute walk
Northern Quarter - 12 minute walk
Deansgate - 10 minute walk
Arndale centre - 8 minute walk
Manchester main bus station/transport hubs nearby Shudehill metro - 5 minute walk
Manchester Victoria Station - close proximity
Science and Industry Museum - 2.2 km

The development is popular with professional tenants due to its proximity to:
Major employers
Universities
Retail, dining and leisure facilities
Transport links
Manchester continues to be one of the UK's strongest performing property markets, driven by economic growth, population increase, and ongoing regeneration.

Apartment Features
The apartment briefly comprises:
* Entrance hallway
* Spacious open-plan living and dining area
* Fully fitted modern kitchen with integrated appliances
* Two large double bedrooms, master with balcony
* En-suite bathroom to master bedroom
* Contemporary main bathroom
* Ample storage space
* Fully furnished throughout - Finished to a high modern standard, the apartment offers excellent tenant appeal and low ongoing maintenance
Secure underground parking, with key fob entry

Investment Information
Price: £255,000
Rental Income: £18,000 per annum
Rental Yield: 6% Net
Tenancy: Rolling tenancy (since June 2024)
Lease Length: 390 years remaining
Ground Rent: Peppercorn
Service Charge: £2,549.40 (2026)
Completion Year: 2019

Why Invest in Manchester
Manchester is widely recognised as one of the UK's top investment locations, benefiting from:
* Rapid population growth
* Strong employment market
* Major regeneration investment
* High rental demand
* Continued capital appreciation

Viewings & Enquiries
This is an excellent opportunity to acquire a high-yielding, income-producing investment property in a prime Manchester location.
Viewings are available by appointment only.

Please contact Residential Estates today for further information.

Tenure: Leasehold (390 years)
Service Charge: £2,542.7 per year
Parking options: Underground