2-bedroom flat · M4 7AU
For saleReduced £20k (−10%) on 21 JunListed 319 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties welcome to the market this 1st floor apartment in Albion Works, New Islington.
The apartment offers an open plan kitchen and living area which provides access to a private balcony.
There are also two generously sized bedrooms, one of which has an ensuite shower room and a main three piece bathroom and large storage cupboard accessed via the hallway.
Albion Works is just a stone's throw away from New Islington Marina, offering lovely outside recreational space with cafes, restaurants and bars.
New Islington Metrolink stop is only a short walk away, and Piccadilly train station is within a 10 minute walk.
There are plenty of cafés, bars, restaurants and shops to explore within Ancoats, New Islington and the Northern Quarter too.
General: Rental Yield: 8.1% (Based on expected rental price of £1350pcm) Service Charge: £4016.16 per annum (Buildings Insurance Included) Ground Rent: £150 per annum Ground Rent Review Period: N/A Lease: 250 years from 1 January 2003 Square Footage: 704 sq.ft / 65.4 sq.m (approx) Council Tax Band: C Management Company: Residential Management Group (rmg) EWS1 A1 Rated Hall Laminate flooring, spotlights, access to a large storage cupboard housing the boiler and washing machine, and wall-mounted heater.
Living Room Double-glazed windows and sliding door leading onto a large balcony, laminate flooring, wall-mounted heater, phone/TV point, spotlights and wall lights.
Kitchen Open plan to the living area, the kitchen comprises wall and base units, integrated fridge/freezer, integrated dishwasher, built-in oven with four ring hob and extractor over, stainless steel sink with mixer tap and drainer, laminate flooring, spotlights and extractor.
Bedroom Double glazed window, carpeted flooring, wall mounted heater, spotlights and wall lights and entrance to the ensuite.
Ensuite Accessed via bedroom 1, the ensuite comprises of a walk-in shower, WC, sink with mixer tap, tiled walls, tiled flooring, extractor and spotlights.
Bedroom Double glazed window, carpeted flooring, wall mounted heater, spotlights and wall lights.
Bathroom Accessed via the hallway, a three piece bathroom comprising a bath, WC, sink with mixer tap, tiled walls, tiled flooring, extractor and spotlights.
Value & comps
No previous sales on record.
Returns
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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 11E, Albion Works, 12 Pollard Street, Manchester
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