2-bedroom flat · M3 6EU
For saleListed 15 daysAuction 20 Oct · tomorrow
Opportunity summary
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About
Auction Commencing on Monday 19th October from 1pm and ending 22 hours later on Tuesday 20th October from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast TWO BEDROOM CITY APARTMENT! Contact us for a viewing!
A well presented two bedroom apartment situated within the popular City Point development, offering an excellent opportunity for investors and owner occupiers alike.
Currently vacant, the property has the potential to achieve a rental income in the region of £975–£1,000 PCM, making it an attractive buy to let investment.
The apartment briefly comprises an entrance hallway, open plan living and kitchen area, two well proportioned bedrooms and a modern bathroom.
The property also benefits from secure communal access and lift facilities.
Whether you're looking for a city centre home or an investment with strong rental potential, this apartment is well positioned to benefit from Manchester's consistently high demand for quality rental accommodation.
City Point occupies a prime position on Chapel Street, just moments from Manchester city centre and the vibrant Spinningfields business district.
Residents enjoy easy access to a fantastic selection of restaurants, bars, cafés, shops and leisure facilities, while Manchester Arndale, Deansgate and the AO Arena are all within easy reach.
The property also benefits from excellent transport links, with Salford Central and Manchester Victoria railway stations both within walking distance, nearby Metrolink services, and convenient access to the M602 and wider motorway network.
Its central location continues to attract professionals, students and commuters, underpinning strong rental demand throughout the area.
Tenure: Leasehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
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.
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Returns
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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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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 No. 167, City Point, 156 Chapel Street, Salford, Greater Manchester M3 6EU
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