2-bedroom flat · M15 4QT
Sold STCListed 422 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties welcome to the market this 2nd floor, corner aspect apartment, located within Lake House, part of the Castlefield Locks development.
Positioned on the third floor, this property offers a fully fitted kitchen with integrated appliances, which is open plan to the living and dining area.
There are two generously sized bedrooms which have plenty of space for free-standing wardrobes.
There is also a three-piece bathroom which can be accessed via the hallway, as well as a storage cupboard. Lake House has an on-site concierge and bike store area.
Positioned 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 is also less than five minutes walk to Cornbrook Metrolink station which connects to all of the city centre, Salford quays and South Manchester.
GENERAL: Rental Yield: 9.2% (Based on expected rental price of £1075pcm) Service Charge: £1911.84 per annum Ground Rent: £200 per annum Ground Rent Review Period: "The Rent" shall remain for the first fifty years of the Term the yearly rent of GBP 200 and for the remainder of the Term the yearly rent of GBP 400 Lease: 999 years from 01/01/2003 Square Footage: 689 sq.ft / 64 sq.m Council Tax Band: D Management Company: Scanlans Property Management Hallway Laminate flooring, ceiling lights, radiator, and access to storage cupboard housing the boiler.
Living Area Double glazed windows looking into the courtyard, laminate flooring, radiator, phone/TV point, intercom entry system, wall lights and spotlights.
Kitchen Open plan to the living area, the kitchen comprises wall and base units, integrated fridge/freezer, integrated dishwasher, built in oven with four ring hob and extractor over, stainless steel sink with mixer tap and drainer, integrated washing machine/dryer, laminate flooring, spotlights and extractor.
Bedroom 1 Double glazed window, carpeted flooring, radiator and ceiling lights. Bedroom 2 Double glazed window, carpeted flooring, radiator and ceiling lights.
Bathroom Accessed via the hallway, a three piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, partially tiled walls, tiled flooring, heated towel rail, extractor and spotlights.
Value & comps
No previous sales on record.
Returns
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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 Lake House, 66 Ellesmere Street, Castlefield, Manchester
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