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See how verdicts workHouse · M3 7GB
Listing removedListed 140 daysAuction 23 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction! Bidding will take place on the Auction Agent website on Tuesday 23rd June 2026 @ 12pm!
Auction Agent is delighted to introduce this stylish 1 bedroom apartment located in the highly acclaimed Local Blackfriars development.
If you are looking for a contemporary city lifestyle, this apartment could be a great match for you.
This apartment, based on the 16th floor, briefly comprises of a well sized open plan living kitchen and dining area with fully integrated appliances.
There is 1 bedroom with built in cupboard space and bathroom. The apartment also has a great sized balcony.
A substantial communal garden space is complemented by second-to-none amenities that include a 24/7 concierge service, bistro, bar, gymnasium, yoga and dance studio, cinema room and fully equipped laundrette.
The apartment is just five minutes' walk from Manchester's fantastic shopping district - Selfridges, Harvey Nichols, Northern Quarter - and the glossy nightlife of Deansgate and Spinningfields.
Property is offered with tenant in situ currently achieving £1250pcm. Ideally suited and appealing to all investors wanting a straight forward purchase in the M3 area.
Guide Price £150,000 - £200,000 Buyers are advised to check the legal pack before bidding, this will be available on the Auction Agent website once received.
Buyers are also advised to check the website for any updates to the lot before the auction.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About Apartment 1202, 56 Bury Street, Salford
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