This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
£200,000
2 bedroom Flat for sale, Princess Street, Manchester, M1
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Features and Description
- Ready-made investment opportunity with existing tenancy
- Earn income from the date of purchase
- Prime location in the heart of Manchester
- Close to the university district
- Good local amenities and transport links
- Two double bedrooms
- Dual-aspect living area with kitchen
- Shower Room
- Leasehold
- EPC Rating D
Attention investors! This 2 bedroom apartment in the heart of the city centre offers the potential for an attractive investment opportunity in an area with strong tenant demand. Situated on the top floor of the block, within easy reach of the universities and Royal Infirmary, as well as a wide array of shops, bars and restaurants. Tenancy in place until August 2026 so only suitable for investors. EPC Rating D.
Entrance Hall
An L-shaped hall leading to:
Living Area / Kitchen
5.92m x 4.3m (both max)
Windows to dual aspects providing plenty of natural light and views over the city. Open-plan kitchen with fitted base and wall units, integral electric oven and hob with extractor hood, inset sink with mixer tap, integral fridge.
Bedroom 1
10'6" x 8'2" (3.21m x 2.50m)
Window, fitted wardrobe and overhead cupboards.
Bedroom 2
10'6" x 8'2" (3.21m x 2.50m)
Window, fitted wardrobe and overhead cupboards.
Shower Room
Shower cubicle with sliding door, wash basin with mixer tap, WC, tiled splashbacks and flooring.
Leasehold / Council Tax
Lease term: 250 years from 28th July 2015.Ground rent: £282.58 per annum.Service charge: £195.96 was payable for block management for period 06/06/25-05/07/25, equating to an approximate annual figure of £2351.52. Additional charges such as electricity may apply, please verify during the conveyancing process.Council tax band C (Manchester City Council).
Tenancy Details
An assured shorthold tenancy is currently in place at a gross rent of £1473pcm until 23/08/25. This figure includes water charges and electricity, which are deducted along with the service charge and managing agent's fees to leave a net figure to the property owner. As an example, in June 2025 this net figure was £1069.96. We have been advised that a new fixed term tenancy will then run until August 2026 at a gross rent of £1550pcm subject to the deductions above, but have yet to receive written confirmation of this.
Agent's Note
To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Princess Street, Manchester, M1
Additional Information
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Property refMCC250369
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EPCD
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TenureLeasehold
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Lease length239 years
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Council TaxC
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Local authorityManchester City Council
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Ground Rent£282
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Ground Rent ReviewContact the branch
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Service Charge£2,351
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Reeds Rains Estate Agents Manchester
Reeds Rains Manchester
29 & 33 Whitworth Street West, Manchester, M1 5ND
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
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Monthly payment
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Borrowing £180,000 and repaying over 25 years with a 2.5% interest rate.
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Energy Efficiency Rating
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Current
65Potential
65CO2 Rating
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Not energy efficient - higher running costs