1-bedroom flat · M4 6JA
For saleReduced £10k (−4.3%) on 23 JulListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** secure allocated parking space included ** An impressive one bedroom apartment located on the sixth floor in a perfectly positioned development at Royal Mills.
The McConnell Building stands amongst a cluster of impressive listed buildings within Ancoats Urban Village, a region which has evolved beyond recognition over recent years becoming one of the city's favourite neighbourhoods with scores of award winning restaurants and bars.
The bright and spacious apartment briefly comprises; entrance hallway with storage cupboard, open plan living room with access to a full width balcony, contemporary kitchen with integrated appliances, double bedroom with wardrobe and a three piece bathroom suite.
There is a 24 hour concierge service located in the main Royal Mills atrium and the property also comes with a single allocated parking space which is located in the underground secure car park.
No onward chain. EPC rating C. Lease: 250 years from 2004 Annual ground rent: Peppercorn Annual estate charge: £1007.68 Annual building charge: £1766.04 Management company: Zenith
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 Apartment 609, McConnell Building, Jersey Street, Manchester
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