1-bedroom flat · M4 5BZ
For saleListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties are delighted to welcome to the market this 4th floor apartment located in the sought-after Royal Mills development in Ancoats.
The apartment offers a fully fitted kitchen with integrated appliances, which is open-plan to the living and dining area.
Original features have been retained throughout, including high ceilings, exposed brickwork and large sash windows.
There is also a generously sized bedroom which has fitted wardrobes, a modern three-piece bathroom suite and an entrance hallway which has access to a storage cupboard.
Royal Mills has a 24hr concierge and has an impressive glass atrium which hosts an on-site Ancoats Coffee shop. Ancoats has become one of the most desirable places to live in Manchester.
Hosting a number of Manchester's best reviewed restaurants along with a recently Michelin starred restaurant too.
It's a beautiful area, seamlessly blending historic mills, cobbled streets and canals with tasteful new build developments.
Ancoats is within easy walking distance to Piccadilly and Victoria Train station, Shudehill and Piccadilly Gardens bus interchange and numerous Metrolink stops meaning public transport is an option everywhere.
General: Rental Yield: 7.09% (Based on expected rental price of £1300pcm) Service Charge: £2040 per annum (includes buildings insurance) Ground Rent: £150 per annum Ground Rent Review Period: Reviewed every 10 years inline with rpi Lease: 250 years from 4 January 2013 Square Footage: 406 sq.ft / 37.7 sq.m approx Council Tax Band: B (Manchester City Council) Management Company: Zenith Hallway Wooden flooring, spotlights and access to a storage cupboard housing the boiler and with plumbing for a washing machine/dryer.
Living Area Multi-panelled double-glazed windows, wooden flooring, exposed brickwork, wall-mounted heater, phone/TV point and spotlights.
Kitchen Open plan to the living area, the kitchen comprises wall and base units, integrated fridge/freezer, integrated dishwasher, built-in oven with four ring hob and extractor over, stainless steel sink with mixer tap, wooden flooring, spotlights and extractor.
Bedroom Multi-panelled double-glazed windows, exposed brickwork, carpeted flooring, wall-mounted heater, fitted wardrobes and ceiling light.
Bathroom Accessed via the hallway, a three-piece bathroom suite comprising of a bath with shower attachment over, WC, sink with mixer tap, heated towel rail, tiled walls, tiled flooring, extractor and spotlights.
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
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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.
Area
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FAQ
About Apartment R M 403, Royal Mills, 2 Cotton Street, Manchester
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