2-bedroom flat · M1 6DF
For saleReduced £19.5k (−7.5%) on 21 JunListed 235 days
Opportunity summary
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About
Sizable two double bedroom apartment in the desirably located Portland House.
Description We are delighted to present this stunning two double bedroom apartment in the beautiful Grade II Listed period conversion, Portland House.
Constructed in 1887, Portland House is a stunning Grade II listed building ideally located in central Manchester with a desirable M1 postcode.
Occupants will be sure to benefit from the variety of transport links, shopping, bars and restaurants available in the city.
Boasting a full modern fit out throughout, purchasers are sure to enjoy the character features of the building, intertwined with a modern interior.
Briefly the apartment comprises of a substantial entrance hall in which all primary rooms are accessed from.
There are two well-sized double bedrooms whilst the two bathrooms offer modern three piece suites.
The living area and kitchen are separate, boasting high ceilings and ample light throughout via the large windows. Please note the apartment is currently tenanted until August 2026 at £1475pcm.
Owner occupiers are welcome to enquire, with vacant possession potentially available thereafter. Location Portland House sits in a prime M1 location in the very heart of Manchester City Centre.
Oxford Road Station is directly opposite the entrance and circa 0.3m away allowing quick and easy access to train and tram links around Manchester.
Home Manchester is also situated nearby (0.5m) and the Arndale Centre (0.5) which provides an array of entertainment, food and beverage options within easy reach.
For sport and entertainment venues, Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.8m and 2.0m away respectively.
For cultural activities, residents are only circa 0.2m from the Palace Theatre, in addition to being 0.5m from Deansgate where you'll find an excellent choice of independent bars, restaurants and music choices.
Please note, all distances provided are approximate. Square Footage: 912 sq ft Leasehold with approximately 118 years remaining.
Additional Info Ground rent is due to review in 2043,2068,2093 and 2118. We are advised the ground rent will increase on these dates by an additional £75 per annum.
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.
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