1-bedroom flat · M15 4QH
For saleReduced £20k (−11.4%) on 10 OctListed 35 days
Opportunity summary
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About
Spacious one bedroom apartment in an immaculate condition, located in the heart of Manchester.
Description Savills are delighted to present this beautifully presented one bedroom apartment within The Ropeworks, ideally positioned just off Deansgate in the heart of Manchester city centre.
The Ropeworks is conveniently located close to Deansgate Locks and a wide range of shops, restaurants, bars and leisure amenities (circa 0.1m).
The development is also well placed for transport links, with Deansgate railway station and Metrolink services less than 0.2m away.
Internally, the apartment comprises a spacious open plan living, dining and kitchen area, with a Juliet balcony providing plenty of natural light into the living space.
There is a well proportioned double bedroom, while the accommodation is completed by a modern four piece bathroom suite with both bath and separate shower.
The apartment has been particularly well maintained and is presented in excellent condition throughout.
Offering a central location, well presented accommodation and excellent access to the wider city centre, the property would make an ideal home or investment, with interest welcomed from both owner occupiers and investors.
EWS1 Form available with a B1 rating, completed 2020. Location Rope Works sits in a prime M1 location in the very heart of Manchester City Centre.
Deansgate Station is only 0.2m away, allowing quick and easy access to train and tram links around Manchester.
Home Manchester is also situated nearby (0.1m) which provides an array of entertainment, food and beverage options within easy reach. For sport and entertainment.
Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.1m and 2.3m away respectively.
The Manchester Velodrome, part of the National Cycling Centre is also 3m distance, whilst Manchester tennis and racquet club also offers superb options for a variety of racket sports, including tennis, padel and squash to name a few, and is located only 1.1m distance.
For cultural activities, locally residents are only 0.3m from the Palace Theatre, in addition to being 0.1m 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: 632 sq ft Leasehold with approximately 126 years remaining.
Additional Info Ground rent is reviewed in line with rpi every 10 years, next review date due 2032.
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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About Apartment 28,, The Rope Works, Manchester
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