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See how verdicts work2-bedroom house · M1 1EP
Under offerListed 114 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning two double bedroom apartment with underground parking in The Sorting House.
Description Savills are delighted to bring to the market this simply stunning two double bedroom, duplex apartment with parking included, in the heart of the Northern Quarter at the ever popular, The Sorting House.
Upon entry, the apartment comprises of a bright and spacious kitchen and dining area.
The kitchen is beautifully finished, having been upgraded during the current vendors recent ownership of the property.
The first well sized double bedroom, benefitting from built in storage space, and a three piece suite bathroom, with a bath, complete the first floor.
Venturing up the staircase, there is a designated lounge area that overlooks the entrance/kitchen area, perfect for entertaining, or relaxing at the end of the day.
Off this space is a generously sized second double bedroom, completing this excellent property. Externally, there is a also a parking space included in the purchase price in the building.
The Sorting House is formerly one of the main Royal Mail sorting offices in the city.
Providing an excellent location, abundance of history/character and relaxing communal gardens, this development truly appeals to all. EWS1 form available with a B1 rating, issued February 2024.
Location The Sorting House boasts a heart of the Northern Quarter location, one of Manchester's most sought after spots!
For all things leisure and culture, there is an abundance of things to do in Manchester's vibrant centre, from speak-easy style bars to vegan fast food restaurants.
With a variety of independent bars/craft breweries, restaurants and shopping available all within walking distance (circa 0.1m - 0.2m from property).
Access in and around Manchester is also exceedingly easy via car or public transport, with bus routes available within 0.1m, and tram links via New Islington tram stop 0.7m distance away.
For sport and entertainment. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 3.2m and 1.5m away respectively.
The Manchester Velodrome, part of the National Cycling Centre is also 2m 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 1m distance.
Please note, all distances quoted are approximate. Square Footage: 619 sq ft Leasehold with approximately 973 years remaining.
Additional Info We are advised the ground rent to be peppercorn, and the building insurance to be included within the service charge figure quoted.
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 The Sorting House, 83 Newton Street, Manchester, Greater Manchester, M1
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