Initial price	£240,000
04/04/25	£235,000
18/04/25	£225,000
Price Change	-6.25%

This 10th floor 1-bedroom, 1-bathroom apartment in the Novella development in Manchester's New Bailey area offers a 6.38% rental yield at £1,250 per month, projected to increase to 6.64% at £1,300 per month. The leasehold property has 239 years remaining and a service charge of approximately £1,981 per annum. The apartment is available to both investors and owner-occupants and is currently tenanted until July 2025. The development features a range of luxurious amenities, including a 24-hour concierge, residents' gym and wellness suite, private dining room, and live/work space, as well as a 6th floor podium roof garden. The property is well-located near the city's tech, media, and culture cluster, Enterprise City, and the St John's £1 billion regeneration area, making it an attractive investment opportunity.