2-bedroom flat · M3 5GU
For saleListed 16 days
Opportunity summary
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About
Stunning two double bedroom apartment in the Novella development, with fantastic resident facilities.
Description Savills are delighted to present a simply magnificent two double bedroom, two bathroom apartment in Novella. Owner occupiers and investors both welcome!
Novella is a striking luxury development in the exciting and upcoming New Bailey area of Manchester.
Offering an array of 5* amenities (24 hour concierge, residents' only gym and wellness suite, private dining room, live/work space, cycle storage and rooftop garden with river and city views), this apartment is exceptionally well located for all Manchester has to offer.
Briefly, this apartment situated on the seventh floor comprises of a sizeable open plan living and kitchen area, featuring a Juliet balcony.
There are two double bedrooms, with the primary benefitting from a luxury en suite. The main bathroom is a three piece suite, finished to a high standard.
Novella is also adjacent to the cities newly founded tech, media and culture cluster in the heart of the city called 'Enterprise City' and wider St John's £1 billion pound regeneration which will be a hub for creatives and global leading brands.
We hold an EWS1 form on file which states an A1 rating, completed 17th June 2022. Location Novella enjoys an excellent location set in the up and coming New Bailey district.
Perfectly positioned for easy access to Spinningfields (0.2m), Novella stands proud on the banks of the river Irwell.
St Peter's Square tram stop (0.7m) is situated close by for great access to Manchester's tram network, whilst Salford Central station is 0.3m distance for rail links.
Deansgate (0.5m) further offers a variety of transport links, as well as a host of shopping available, from local groceries, to high end retail. Sports and entertainment are within easy reach also.
Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.3m and 2.8m away respectively.
For cultural activities, locally residents are only 0.6m from Castlefield Bowl which often hosts an array of food festivals and music gigs. Please note all distances quoted are approximate.
Square Footage: 693 sq ft Leasehold with approximately 237 years remaining. Additional Info Peppercorn ground rent
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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FAQ
About Apartment 705,,, Novella Apartments, Salford
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