1-bedroom flat · M4 7AJ
For saleListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties are delighted to present this wonderful 1st floor apartment located in Block A Albion Works, New Islington.
The apartment offers approximately 540 sq.ft of space and has original features throughout, including high ceilings, arched mill windows and arched recesses.
There is a spacious, open-plan kitchen and living area, a double bedroom, a three-piece bathroom suite and entrance hallway with access to a storage cupboard.
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: 7.88% (Based on expected rental price of £1050pcm) Service Charge: £2684 per annum (Buildings Insurance Included) Ground Rent: £301.26 per annum Ground Rent Review Period: Reveiewed every 10 years inline with Retail Price Index Lease: 250 years from 1 January 2003 Square Footage: 538 sq.ft / 50 sq.m (approx) Council Tax Band: C Management Company: Residential Management Group (rmg) Hallway Wooden flooring, spotlights, access to a large storage cupboard housing the hot water cylinder, radiator and intercom entry system.
Living Area Double-glazed arched mill windows, wooden flooring, radiator, phone/TV point and spotlights.
Kitchen Open-plan to the living area, the kitchen comprises wall and base units, space for a freestanding fridge/freezer, integrated dishwasher, space and plumbing for a washing machine/dryer, arched recesses, built-in oven with four ring hob and extractor over, sink with mixer tap, wooden flooring, spotlights and extractor.
Bedroom Double-glazed arched mill window, carpeted flooring, radiator and spotlights.
Bathroom Accessed via the hallway, a three piece bathroom comprising a bath with shower attachment over, WC, sink with mixer tap, tiled walls, tiled flooring, extractor and spotlights.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 15 Block A Albion Works, 12 Pollard Street, Manchester
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