2-bedroom flat · M1 2GD
For saleReduced £10k (−2.5%) on 25 JunListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two bedroom, two bathroom second floor apartment located in the popular Lomax development in Manchester City Centre.
Currently operated as a short-term let, the property is achieving approximately £1,600 per month net after all running costs.
The apartment is being sold fully turn key meaning even a beginner investor will be able to operate completely hands off.
Residents of the building benefits from a 24-hour concierge service, adding convenience and security.
Inside the apartment, it offers a bright and modern open-plan kitchen and living area, providing an excellent space for both relaxing and entertaining.
Floor-to-ceiling windows allow plenty of natural light and lead out onto a private balcony.
The apartment comprises two well-proportioned double bedrooms, including a principal bedroom with en-suite bathroom, alongside a contemporary main bathroom.
Situated in a highly desirable central Manchester location, Lomax is within walking distance of the Northern Quarter, Piccadilly Station, universities, and a wide range of restaurants, bars, and amenities.
Tenure Details: Ground Rent: Peppercorn Service Charge £1,334.00 pa Tenure: 998 years Remaining
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
Agent & docs
FAQ
About Flat 206, 11, Lomax Street, Manchester
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