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See how verdicts work2-bedroom flat · M1 1AQ
For saleReduced £10k (−4.5%) on 26 OctListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Philip James are pleased to offer this well-presented two-bedroom apartment in the popular Oxid House development, located on the second floor in the heart of Ancoats.
The accommodation comprises two spacious double bedrooms, two modern bathrooms and a bright open-plan living, dining and kitchen area.
The property is well positioned to appeal to Manchester's professional rental market and benefits from a tenant currently in occupation paying £1,425 per calendar month.
Situated between Ancoats and the Northern Quarter, residents enjoy easy access to Manchester's best restaurants, bars, independent retailers and transport links.
Service Charge: £2,506 per annum Ground Rent: £371 per annum
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
Agent & docs
FAQ
About Newton Street, Manchester City Centre, Greater Manchester, M1
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