Modern Method of Auction
Auction date not yet published
1-bedroom flat · M3 4NJ
For saleListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic investment opportunity in the heart of Manchester City Centre, this well-presented one-bedroom apartment is ideally positioned on the edge of the highly sought-after Castlefield area.
The property is in great condition throughout and is currently tenanted, providing an attractive opportunity for investors seeking a property with an existing tenant in place.
The location is a major selling point, with Deansgate, Castlefield and Manchester City Centre all within easy walking distance, offering an excellent selection of restaurants, bars, shops, supermarkets and leisure facilities.
Nearby amenities include Tesco, Sainsbury’s, Deansgate Locks and the wider Deansgate shopping and entertainment district.
Transport links are exceptional, with Deansgate-Castlefield Metrolink approximately 100 metres away and Deansgate railway station around 200 metres away, alongside numerous nearby bus stops.
Manchester Oxford Road Station is also within easy reach. The property is being sold via the Modern Method of Auction and is available to both cash and mortgage buyers.
An excellent opportunity for investors looking for a well-located, ready-to-let city-centre apartment with an existing tenant in place.
Auctioneers Comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Apt. 8, 2, Southern Street, Manchester
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