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See how verdicts work1-bedroom flat · M1 2EW
For saleReduced £10k (−3.8%) on 22 JulListed 173 days
Opportunity summary
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About
Welcome to this well presented one bedroom located on the third floor of Crusader Mill! Crusader Mill is an historic listed mill conversion set around a Resident's courtyard in Piccadilly East.
Residents of Crusader Mill can benefit from a 24-hour concierge service and access to a communal courtyard with a BBQ area for social gatherings.
This property is one of a kind in the development, featuring vaulted ceilings, original brickwork and large windows on both sides of the apartment, allowing lots of natural light.
Viewings are highly recommended.
Crusader Mill Crusader Works was constructed in the late 1840s by George Parr, Matthew Curtis, and William Madeley as a substantial mid-19th-century textile machinery factory.
Originally called Phoenix Works, the expansive site also featured an iron foundry located across Chapeltown Street.
In 2021, Capital & Centric transformed the 200-year-old mill into modern loft apartments through a major restoration project.
The Tour Enter on the third floor into a spacious open-plan living area, with the kitchen positioned to the left.
The apartment features beautiful vaulted ceilings throughout and windows running along both sides, flooding the space with natural light.
The living and kitchen area is finished with Havwoods Abrego Rustic Grade engineered oak flooring throughout, complemented by Silestone Blanco Zeus quartz worktops in a black suede finish, a stainless steel sink with a Blanco Max chrome tap, and integrated Bosch appliances including a cooker, hob, and dishwasher, alongside a cda fridge and freezer.
The space is further enhanced by wall-mounted electric heaters, LED downlights.
Down the hallway, the bedroom continues the same oak flooring and benefits from a striking aluminium powder-coated double-glazed window overlooking the cloister, as well as TV and satellite points.
The bathroom is stylishly appointed with fully tiled flooring and partially tiled walls, a recessed shelf, strip lighting, a de-misting mirror, and a storage cupboard, along with a Vitra Nuo wall-hung wash basin with a chrome mixer tap by Vado, a Vitra Integra wall-hung toilet with concealed cistern and polished chrome flush plate, and a walk-in shower with a rainfall shower head and chrome heated towel rail.
The Area The development is ideally situated within easy walking distance of local shops, Ancoats, and the city centre, with excellent transport connections to Manchester Piccadilly Station and the Metrolink network.
A wide selection of bars and restaurants can be found right on your doorstep, including Cask, Pollen Bakery, and Flawd Wine Bar, with Cutting Room Square just a five-minute walk away.
Lease Information Length of lease - 250 years from Nov 2015 Service charge - £2300 per annum Ground rent - peppercorn
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 Flat 312 Crusader Mill, 70 Chapeltown Street, Manchester
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