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See how verdicts work2-bedroom flat · M15 4JJ
For saleReduced £15k (−10%) on 21 JunListed 552 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two double bedroom 2nd floor apartment located in the City Gate 3 development in the ever popular Castlefield area.
The accommodation comprises; entrance hall, open plan living / kitchen, two bedrooms and bathroom. Offered for sale with no chain. EPC Rating C.
Important Note to Potential Purchasers & Tenants: 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 traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
MCC250177/8 2nd Floor Entrance Hall Front entrance door with letterbox. Walk in storage cupboard.
Open Plan Living / Kitchen 6.43 x 3.28 - Split into two distinct areas; Living Area Double glazed window. Additional small double glazed window. Electric heater (not tested).
Kitchen Area Fitted with wall and base units with work surfaces over incorporating a stainless steel circular sink and matching drainer unit with mixer tap.
Oven and four ring hob with extractor over (all not tested). Wood effect floor. Bedroom 1 3.96 x 2.90 - Double glazed window. Electric heater (not tested).
Bedroom 2 3.40 x 2.89 - Double glazed window. Electric heater (not tested). Bathroom White three piece suite comprising; was hand basin with mixer tap, panelled bath with mixer tap and WC.
Chrome heated towel rail (not tested). Part tiled walls. Lease Details / Council Tax The property has a 150 year lease (less 10 days) from 22/12/2000.
The original ground rent was £125 per annum – according to the lease this doubles every 25 years.
We have been advised by the building management company that the service charge for 2026 is £1119.30 The annual building insurance (March 25 to March 2026) is £947.54.
Prospective purchasers should seek further clarification and confirmation from their solicitor. Council Tax band is D (Manchester City Council).
Agent's Note We have been advised by our client that fire safety remedial works are required, and there is not currently a satisfactory EWS1 form in place.
We have been provided with a 'letter of comfort' from the original developer, Bellway, to confirm they are covering the cost of these works.
Interested parties requiring a mortgage should conduct their own due diligence with a lender or broker.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Apartment 266, 5, Blantyre Street, Greater Manchester
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