2-bedroom flat · M4 6WX
For saleReduced £5k (−1.3%) on 8 OctListed 57 days
Opportunity summary
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About
Cutting Room Square, two bedroom townhouse with allocated parking!
Description *Overlooking Cutting Room Square, rare townhouse offering with parking* Savills are delighted to present this excellent, two bedroom townhouse with parking on Cutting Room Square.
Boasting a rare opportunity to acquire a beautifully presented home in one of Manchester's most sought after locations, the property offers the privacy and independence of a house while being just moments from the amenities of Ancoats and Manchester city centre.
Cutting Room Square sits at the heart of Ancoats and has become one of the city's most popular destinations, surrounded by an acclaimed selection of independent restaurants, cafés and bars.
The attractive public square provides a vibrant setting and a focal point for the neighbourhood throughout the year.
The accommodation is arranged across two floors and briefly comprises a spacious open plan living, dining and kitchen area to the ground floor, creating an ideal space for both everyday living and entertaining.
The kitchen is fitted with a range of integrated appliances, while a separate WC completes the ground floor.
To the first floor are two generous double bedrooms, both benefiting from Juliet balconies that allow for plenty of natural light.
Also on this level is a well-appointed four piece bathroom suite, featuring both a bath and separate shower enclosure.
Externally, the property benefits from an allocated parking space, included within the purchase price.
Combining well-proportioned accommodation, outdoor views across Cutting Room Square and one of Manchester's most desirable city centre locations, this is a unique opportunity to acquire a townhouse in the heart of Ancoats.
EWS1 form available with an A1 rating, dated March 2020.
Location New Islington tram stop is located close by for travel in and around the city (0.7m), whilst Piccadilly station offers excellent rail connectivity across the UK (1.0m).
Grocery shopping for essentials is provided easily thanks to the nearby Ancoats General Store (0.3m) and the Aldi superstore (0.5m).
General shopping, restaurants and bars are in abundance thanks to the Ancoats location.
Mana (Michelin Star restaurant - 325 ft), Rudy's Neapolitan Pizza (112 ft), Canto (299 ft), The Crown & Kettle (0.2m) are situated close by to name a few!
For sport and entertainment venues, Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 3.1m and 1.3m away respectively.
The Manchester Velodrome, part of the National Cycling Centre is also 1.9m distance, whilst Manchester tennis and racquet club also offers superb options for a variety of racket sports, including tennis, padel and squash to name a few, and is located only 1.2m distance.
For cultural activities, residents are only circa 0.3m from Manchester's famous Northern Quarter which often hosts an array of food, music, crafts and activities.
Please note all distances quoted are approximate. Square Footage: 972 sq ft Leasehold with approximately 241 years remaining. Additional Info Additional Ancoats estate charge of £115.82 per annum.
The ground rent increase is calculated based on the rpi figure published just before the commencement date of the Lease (30/05/2018) then the rpi just before the following rent review date 30/05/2033).
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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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.
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Area
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FAQ
About 18,, Hood Street, Greater Manchester
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