1-bedroom flat · M4 6BX
To rentListed 2 days
Opportunity summary
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About
City centre homes in Chips, New Islington available to rent soon! Apartment 504 Chips is a one bedroom 501 sq ft apartment with balcony & one car parking space included.
Available to rent from £885PCM ***Images shown are indicative and may not represent the apartment listed*** Awarded GOLD for customer satisfaction 2012 - 100% of our customers would recommend us!
Chips Chips isn't your average building. It's a bit of a one off and is one of the most significant buildings in New Islington, Manchester s Millennium Community.
Every apartment has some outside space, with either use of the communal roof terrace or in some cases a private balcony and many have a waterside view.
Designed by Alsop, Chips is nine storeys high, looks like three fat chips stacked on top of each other and is clad with timber panels stamped with the names of places which pay homage to Manchester s role in history as the birthplace of the industrial revolution.
With canals on three sides, Chips provides 142 apartments on the upper floors, with flexible living spaces which allow you to choose an apartment that suits your living needs.
The building also offers 11,700 sq ft of flexible ground floor commercial shell space, providing a fantastic opportunity to create your perfect office or an amazing waterside bar/restaurant.
Chips apartments are available through Rent to HomeBuy, a government backed scheme to help you get your foot on the housing ladder through shared ownership.
It's funded by the New Homes and Communities Agency and is flexible to suit your needs, so you can either start by buying a share in your new home now, or simply rent at 80% of market rent, allowing you to save for a deposit and buy later.
Chips is also available for private rent and outright purchase.
New Islington is Manchester s Millennium Community, a partnership between the Homes and Communities Agency, Urban Splash, New East Manchester and Manchester Methodist Housing Association.
When finished, New Islington will provide 1,700 new homes, approximately 200,000 sq ft of commercial space, a new tram stop, new moorings for narrow boats, gardens, boreholes to provide drinking water and a district wide private utility network using combined heat and power.
Chips is in New Islington, Manchester s Millennium Community which is located to the east of the city centre, in Ancoats.
New Islington is a short walk from the city centre and is conveniently located next to the inner ring road, with excellent links to the surrounding motorway network.
Piccadilly train station is nearby and New Islington will soon be serviced by its own new Metrolink stop.
The area is also served by buses and is connected to the surrounding canal towpath network; the Ashton Canal towpath provides a convenient link to the city for both cyclists and pedestrians.
Specification Kitchens: Range of fitted base and wall-mounted units with gloss finish and concealed handles Worktop with brushed aluminium edge Back-painted glass splashback Built-in containers for recycling Stainless steel sink and drainer Electric oven, ceramic hob and extractor Fridge with freezer compartment in types A and B, fridge freezer in types C, D, E and F Bathrooms: Modern white ceramic sanitary ware Chrome finish taps and fittings Mirror with concealed storage cabinet Fully tiled walls Shower rail and drying hooks Heated towel rail Balconies (Applies to some apartments but not all) Timber decking Glass balustrade External low level light Finishes, fixtures & fittings Double-glazed windows Timber flooring in living areas Carpet to bedrooms Tiled floors to bathrooms Tiled or timber kitchen floors (depending on apartment type) Painted plastered stud walls Painted plasterboard ceilings in kitchens and bathrooms Doors with stainless steel ironmongery Services Telephone, TV and satellite points in living area and main bedroom Secure door entry system with video link to TV Intruder alarm Apartment heating and hot water linked to CHP system Dedicated space for washer/dryer Common Areas Lift to all levels Secure basement car parking available at extra cost Communal roof terrace Secure bicycle storage Recycling area in basement car park
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 504 Chips, Lampwick Lane, Manchester, Greater Manchester, M4 3BX
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