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2-bedroom flat · M4 6BU
For saleListed 878 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jordan Fishwick are pleased to bring to market this contemporary canal side apartment within the award-winning, architecturally designed Chips Building, in the increasingly popular New Islington area, with views over the city bordering the popular Ancoats and Northern Quarter areas of the city.
Just a stone’s throw from Manchester City Centre with its multitude of shops, restaurants, bars, theatres and cinemas.
The property also lies close to the A6, Piccadilly and Victoria Train Stations making it ideal for commuting out of the city.
In brief the property comprises; Double bedroom with en-suite, second double bedroom, family bathroom, lounge, modern kitchen and balcony offering views over the canal and the city. No onward chain.
*Cladding works underway which are fully funded. Due to be complete by October 2024.
We are inviting mortgage buyers due to the most recent announcement by the 6 big lenders advising they are starting to lend on buildings over 18m without and EWS1.
Please take advice from mortgage lender or speak to branch to discuss*. Outside image was taken prior to scaffolding being erected. Entrance Hall Laminate Flooring, Edge Lighting, Storage Cupboard.
Living Room/Kitchen (5.23 4.14 (17'1" 13'6")) Four Metal Framed Double Glazed Windows to Front Aspect, Sliding Door Leading to Balcony on Side Aspect, Edge Lighting, Laminate Flooring. Kitchen area.
White High Gloss Base and Eye-Level Units With Grey Tops Over, Stainless Steel Sink and Drainer with Mixer Taps, Red High Gloss Splashback, Tiled Floor, Integrated Electric Oven and Electric Hob With Integrated Extractor Over.
Bedroom One (3.54 x 2.54 (11'7" x 8'3")) Two Metal Framed Windows To Front Aspect, Carpet, Edge Lighting, Storage Alcove.
En-Suite White Tiled Wet Room with Stainless Steel Shower Unit, Basin and Toilet, Spotlights To Ceiling.
Bedroom Two (3.86 x 2.39 (12'7" x 7'10")) Black Metal Framed Double Window To Front Aspect, Carpet, Edge Lighting.
Bathroom White Tiles To Floor and Walls, Mirrored Wall Above White Ceramic Toilet And Basin With Chrome Mixer Tap, Bath with Shower Ove, Edge Lighting. Externally Lifts To All Floors. Private Balcony.
Additional Information Service charges - £327 pcm (higher than normal due to cladding issues causing increase to building insurance premium) Ground rent - £187.50 per annum Lease - 125 years from 2009 Managing agents - rmg
Value & comps
No previous sales on record.
Returns
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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 Apt 315, Chips, New Islington
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