3-bedroom house · M1 7JG
For saleListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally located in the heart of the City, just moments from Piccadilly Station, Manchester`s renowned universities, the City Centre, and the world class Manchester Royal Infirmary, this property offers both convenience and excellent connectivity.
Manchester United`s Old Trafford stadium and Manchester City`s Etihad Stadium are both within a fifteen minute drive, while the O2 Apollo is just five minutes away.
The Trafford Centre can be reached in approximately fifteen minutes, and Manchester Airport is around twenty five minutes by car.
With a potential rental income of approximately £1,750 PCM and an estimated gross yield of 9.2%, this property represents an excellent opportunity for first-time buyers and investors alike.
The accommodation briefly comprises a private second floor entrance, separate fitted kitchen, and a spacious living room with balcony, allowing plenty of natural light to fill the space.
Stairs lead to the first floor landing, where there are three generously sized bedrooms and a family bathroom fitted with a white three piece suite and shower over the bath.
The property also benefits from useful attic storage space. Offered for sale with no onward chain, the property is fully UPVC double glazed and benefits from gas central heating throughout.
Externally, residents can apply for permit parking through the local council at no additional charge.
Tenure: Leasehold Ground Rent : £10 per year Lease term : 125 years from 2/10/1984 Service charge : £2000 per year Council Tax Band: A Parking : Free annual Resident parking available with registration by Manchester City Council Broadband : FTTC Connection available, line active Water : Connect to mains water and drainage, supplied by United Utilities on a meter Electricity & Gas : Connected to main electric, supplied by SO Energy Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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
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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
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FAQ
About Lockton Close, Manchester
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