1-bedroom flat · M3 7GA
For saleListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to present this exquisite one-bedroom apartment located in the prestigious Local Blackfriars development, a remarkable gated community in the vibrant heart of Manchester.
This architectural gem is part of a larger complex that includes 380 apartments, townhouses, and penthouses, all beautifully designed to offer a luxurious living experience.
The development is anchored by the Grade II-listed former public house, the Black Friar, which serves as a striking gateway entrance.
Spanning 53 square feet, this apartment boasts an elegant and functional design, making it ideal for a variety of discerning residents.
The property is currently leased until 17 May 2024, providing an excellent investment opportunity.
The Local Blackfriars development is pet-friendly, welcoming small pets, and offers an impressive array of amenities.
Residents can enjoy a substantial communal garden, a 24/7 concierge service, a bistro, a bar, a gymnasium, a yoga and dance studio, a cinema room, and a fully equipped laundrette.
Conveniently located just a five-minute walk from Manchester’s bustling shopping district, which features renowned stores such as Selfridges and Harvey Nichols, as well as the trendy Northern Quarter, this apartment is perfectly positioned for those who appreciate both leisure and lifestyle.
The vibrant nightlife of Deansgate and Spinningfields is also within easy reach. The property incurs an estimated annual service charge of £2,856 and an annual ground rent of £350.
With an EPC rating of B and a long lease of 250 years from 2019, this apartment represents a fantastic opportunity for modern living in one of Manchester's most sought-after locations.
There is no chain, making this an ideal choice for both investors and first-time buyers alike.
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 advisors 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.
Area
Agent & docs
FAQ
About Modern 1B1B Apartment | Local Blackfriars | Salford M3| A402230BF
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