2-bedroom flat · M15 4QR
For saleListed 313 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Property This two bedroom apartment is located within Mere House, part of the Castlefield Locks development.
Positioned on the third floor, the apartment offers a spacious, open plan living, dining and kitchen area that is fully fitted and has integrated appliances.
There are two double bedrooms, and there is also a main bathroom accessed via the hallway. Mere House has an on-site concierge and bike store area.
Located in Castlefield, this property is only a short walk away from Deansgate and Slate Wharf via the canal towpath putting you within easy reach of transport links, bars, shops and restaurants.
It's also less than five minutes walk to Cornbrook Metrolink station which connects to all of the city centre, Salford quays and South Manchester.
The Apartment is in a great location, as 5 minutes walk to the city centre (The Wharf/Dukes92), but also situated right on the river Irwell and close to the canal, which is great for winter walks or summer strolls.
You can also regularly see boats going past from the balcony, which is pretty unique!
Due to the location, the apartment feels more connected to nature than most city centre places While also being right next to a tram stop (Cornbrook), offering easy access to Media city or Ancoats.
The apartment is larger than most and very spacious, while also being fully furnished.
Living Room - Comfy Corner Sofa, TV, and even a mini office space (complete with desk/chair), which is great if you work from home. Style: New Dark Oak Flooring, with a modern feel.
Kitchen - Brand New Appliances throughout, including Washer, Oven, Dishwasher, Microwave etc. As well as a Breakfast bar area with stools.
Super Size Master Bedroom The Bedroom is super large and stretches the entire length of the apartment. This includes a huge window with lots of natural light.
Fully furnished with a large King-sized bed and a high-end double sliding wardrobe with mirrors, it's designed for both comfort and style.
Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as 'draft'.
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 62 Ellesmere Street, Manchester, M15
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