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See how verdicts work2-bedroom flat · M4 5AH
For saleListed 107 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Goodwin Fish is delighted to offer for sale a well presented apartment in one of Manchester`s most popular developments, Nuovo Apartments.
Located in Ancoats, quoted as being `one of the coolest neighbourhoods in the world` by Time Out, the area is home to Cutting Room Square and Mackie Mayor, artisan bakeries such as Pollen and Companio, craft beer at Cask, an award winning independent LGBTQ+ book shop, and Michelin-starred Mana.
New Islington School, New Islington Medical Practice, a PureGym and two supermarkets are in walking distance, with excellent transport links including New Islington Metrolink and Piccadilly Train station.
The development is complemented by an internal atrium with communal seating and glass roof.
Located on the first floor and benefiting from a bright south facing corner aspect, the apartment briefly comprises: entrance/hallway with storage and utility cupboard; open plan lounge/diner; kitchen with integrated appliances; primary double bedroom with access to en suite facilities; second double bedroom/work from home space; primary bathroom.
The property benefits from the use of an allocated car parking space and is being sold with vacant possession.
We can confirm the development has an EWS1 form with B1 rating which may be required by lenders issuing a mortgage.
Annual service charge (apartment): £3,146.88 Annual service charge (parking space): £981.48 Annual ground rent (apartment): £375.10 Length of lease: 250 years from 2014 Est.
rental income: £1,600.00 pcm Management company: Livingcity Asset Management Important Information: Anti-Money Laundering (AML) Checks - As part of making an offer, we`re required by law to complete Anti-Money Laundering (AML) checks to confirm the identity of all purchasers.
To cover the cost of this process, a non-refundable fee of £60 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and ensure` s your offer can be progressed as quickly and smoothly as possible.
what3words /// fled.limp.trick Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Anti-Money Laundering (AML) Checks - As part of making an offer, we`re required by law to complete Anti-Money Laundering (AML) checks to confirm the identity of all purchasers.
To cover the cost of this process, a non-refundable fee of £60 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and ensures your offer can be progressed as quickly and smoothly as possible.
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 Nuovo Apartments, 59 Great Ancoats Street, Ancoats
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