1-bedroom flat · M40 7LJ
Let agreedListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A larger than average first floor, one double bedroom conversion apartment at the grade II listed Victoria Mill.
Situated alongside the Rochdale canal and Victoria Mill Park, whilst also in easy reach of local amenities, specifically within walking distance of the Northern Quarter with its bars, clubs and live music venues.
There is also a wide range of cafes, restaurants and independent stores, especially for clothing. A vibrant, bohemian area yet Victoria Mill with Mill Park can feel like living in the countryside.
The property boasts large entrance/hallway, one double bedroom, modern bathroom suite, and generously sized open plan living area with luxury fitted kitchen.The property is offered on a furnished basis with parking though transport links are good.
The property is available 07/12 and has been extensively re-decorated throughout. Notice All photographs are provided for guidance only.
Redress scheme provided by: Prs Property Redress Scheme (PRS012934) Client Money Protection provided by: Propertymark (C0127387)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
FAQ
About 106 Victoria Mill, Lower Vickers Street, Manchester
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