3-bedroom flat · M3 5AL
For saleListed 773 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are proud to introduce this brand-new residential development in the heart of Manchester City Centre, just a short walk from Deansgate, Selfridges and all this great city has to offer.
Full Description We are proud to introduce this brand-new residential development in the heart of Manchester City Centre, just a short walk from Deansgate, Selfridges and all this great city has to offer.
Off plan investment opportunity For Investment Purposes Only - 25% Deposit Required There is a mixture of 1-, 2- and 3-bedroom apartments to suit the needs of all potential buyers, and onsite facilities such as a residence only gymnasium, private Cinema room, breakout areas, rooftop gardens with spectacular city centre views, and the added security of a 24-hour concierge.
Investment Overview 7% returns achievable Fast growing economy Q3 2022 competition date Top UK developer 0.1% Ground rent 250-year Leasehold Council tax band C 1 bedroom apartments from ?200,000 2 bedroom apartments from ?290,000 2 bedroom duplex apartments from ?350,000 2 bedroom penthouse duplex apartments from ?390,000 3 bedroom apartments from ?400,000 location overview - UK’s no1 Investment location - High tenant demand - Prices have increased by 12% in the last year alone - Rents in Manchester are expected to see a 16.5% increase between 2020-2024 This apartment is the perfect investment with only a 0.1% ground rent which will be reviewed in the future (contact our team for more information), over a 250-year leasehold.
The service charge is estimated at ?2.7 sqft (investors will be made aware of the review date in the future) and is also predicted to be within the Council Tax band – C.
Contact us today to discuss this exciting new development with one of our consultants. **Information included is subject to change**
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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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 advisers before making any investment decisions.
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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 16, Blackfriars Street, Manchester
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