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See how verdicts work2-bedroom flat · M3 4BD
For saleListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties are delighted to welcome to the market this fifth-floor apartment in the canal-side development -Potato Wharf, Castlefield.
This particular apartment benefits from the largest layout in the development, offering an impressive amount of living space.
The apartment offers a spacious entrance hallway leading to a fully fitted kitchen with integrated appliances, which is open plan to the living area.
From the living area, there is access to a private balcony which has views over Manchester's skyline - creating the ideal spot to escape the bustle of the city, relax, or entertain friends and family.
The property also benefits from two well-proportioned double bedrooms, two modern bathrooms and ample storage solutions throughout, including two storage cupboards to ensure a clutter-free environment.
Additional modern conveniences include Philips Hue smart lighting, controllable via your phone app, and smart heating control for the electric heater, offering you comfort and convenience at your fingertips.
The apartment also comes complete with a secure allocated parking space. Potato Wharf is located in the heart of Castlefield, one of the most desirable areas in Manchester.
Castlefield has beautiful canals, cobbled walkways and architecturally impressive mills.
Castlefield has two Metrolink stops, Cornbrook and Deansgate, which connect both to city centre and offer easy access to Salford Quays and southern areas such as Altrincham, Chorlton, Didsbury and Manchester Airport.
The city centre itself can also be reached easily on foot in under ten minutes, and there are various supermarkets within a five-minute walk of St George's Island.
Castlefield also has a great selection of bars, restaurants, pubs and cafes. General: Rental Yield: 7.5% based on an estimated rental income of £1500pcm.
Service Charge: £3714.92 per annum Building Insurance: £728.32 per annum Ground Rent: £300 per annum Ground Rent Review Period: Fixed at £300 for first 25 years and increases every 10 years thereafter with the following formula: (Initial ground rent) x (Current average earnings index)/(Average earnings index at start of lease) Lease: 150 years from 01.01.2007 Floor Area:786 sq.ft / 73 sq.m approx Council Tax Band: D Management Company: Living City Hallway Laminate flooring, spotlights, wall-mounted heater and access to a storage cupboard housing the boiler and with plumbing for a washing machine/dryer.
Living Area Double-glazed floor-to-ceiling windows, with double-glazed door opening to a private balcony with views of Manchester skyline, carpeted flooring, wall-mounted heater, phone/TV point, intercom entry system, ceiling lights and access to a storage cupboard.
Kitchen Open-plan to the living area, the kitchen comprises wall and base units, a breakfast bar, integrated fridge /freezer, built-in oven with four-ring hob and extractor over, sink with mixer tap, tiled flooring, spotlights and extractor.
Bedroom 1 Double-glazed window, carpeted flooring, wall-mounted heater, ceiling lights and entrance to the ensuite.
Ensuite Accessed via Bedroom 1, is a three-piece bathroom comprising a large shower cubicle, WC, sink with mixer tap, heated towel rail, wall mirror, partially tiled walls, laminate flooring, extractor and spotlights.
Bedroom 2 Double-glazed window, carpeted flooring, wall-mounted heater and ceiling light.
Bathroom Accessed via the hallway, is a three-piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, heated towel rail, wall mirror, partially tiled walls, laminate flooring, extractor and spotlights.
Parking This apartment comes complete with a secure allocated parking space.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Apartment 510, 37 Potato Wharf, Manchester
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