2-bedroom flat · M1 2JQ
For saleListed 1198 days
Opportunity summary
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About
A brand new vibrant development is coming to the Manchester sky line. It is perfectly situated in Piccadillys newest regeneration area with all the modern tenants needs at its core.
Full Description A brand new vibrant development is coming to the Manchester sky line. It is perfectly situated in Piccadillys newest regeneration area with all the modern tenants needs at its core.
Off plan investment opportunity For Investment Purposes Only - 25% Deposit Required The development holds 177 one, two and three bedroom apartments which will be spread across 25 storeys and finished to the highest standard.
Residents will have unlimited amenities just outside their doors, with a cosy work from home station, gymnasium and communal garden.
With us all becoming more accustomed to spending more time at home, each apartment has been designed with the tenants core needs being in mind with luxurious large windows and earthy tones to allow a natural feel.
Investment overview 7% yield Only 25% deposit required Q2 2024 completion 0.1% Ground rent 250 year leasehold Band A council tax 1 bedroom apartments from ?191,000 2 bedroom apartments from ?290,000 3 bedroom apartments from ?365,000 location overview -Regeneration is set to increase the value of Piccadilly -Rent in Manchester are expected to see a 16.5% increase between 2020-2024 -Huge demand from potential tenants for Ancoats In the next few years the area of Piccadilly and its surrounding areas are set to regenerate massively.
The biggest factor of this is the new HS2 station that is arriving to the already running Piccadilly station.
Alongside HS2 there will also be residential developments and green space growth helping the regeneration.
This apartment is the perfect investment with only a 0.1% ground rent which will be reviewed in the future (contact our team for more information), over a 250-year leasehold.
The service charge is estimated at ?3.4 sqft (investors will be made aware of the review date in the future) and is also predicted to be within the Council Tax band – A.
Contact us today to discuss this exciting new development with one of our consultants. **information provided is subject to change**
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.
Area
Agent & docs
FAQ
About 57, Ducie Street, Manchester
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