Auction
Auction date passed
This lot went to auction on 20 October 2026 (4 days ago) but remains listed. It was still on the portal 1 day ago. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · M9 8DR
For saleListed 14 daysAuction 20 Oct · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
AVAILABLE TO BUY POST AUCTION
Two-bedroom top-floor apartment in a converted former school building with private access with three other flats.
Sold with a tenant in situ generating £750 pcm (£9,000 pa) giving an attractive 12.58% Net Yield against guide.
The accommodation comprises entrance hall, open plan lounge/kitchen, two bedrooms and three piece bathroom.
Old School Court sits in the popular Blackley Village area of north Manchester.
It is close to a good range of shops and supermarkets and within walking distance of North Manchester General Hospital, a steady source of tenant demand.
Booth Hall Children's Hospital, Boggart Hole Clough and North Manchester Sixth Form College are nearby. Manchester city centre is approximately 5 miles away, with easy access to the M60 and M62.
Lease term - 999 years from January 1995 Service Charge - £2,125.38pa (£520.42 paid per quarter) for Jan 26 - Dec 26 Ground Rent - £50
Tenure
Leasehold
ACCOMODATION
Kitchen/Lounge Bedroom One Bedroom Two Bathroom
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Manchester City Council - Band A
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - In addition to the deposit Purchasers will be required to pay an administration fee of 1.5% inc VAT, subject to a minimum of £2,100 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 advisers 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 Flat 34, Old School Court, 2 Old School Drive, Manchester, M9 8DR
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