1-bedroom flat · M1 3AT
For saleReduced £10k (−4.2%) on 9 OctListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Key Features - one-bedroom apartment - tenant in situ - tenant in full-time office-based employment - current rental income of £1,500 pcm - approx. 7.5% gross rental yield - approx.
560 sq ft / 52 sq M - spacious open-plan living area - residents’ communal gym - prime manchester city centre location - close to chinatown, piccadilly & oxford road Property Description On Road Property is pleased to present this well-presented one-bedroom apartment in the Carding Building, superbly positioned on Whitworth Street in the heart of Manchester city centre.
The property is currently let to a tenant in full-time office-based employment at £1,500 per calendar month and is offered for sale with the existing tenancy in place, making it an attractive opportunity for investors seeking an income-producing city centre property.
The current rental income equates to £18,000 per annum, providing an approximate gross rental yield of 7.5% based on the asking price of £240,000.
Offering approximately 52 sq m / 560 sq ft of internal accommodation, the apartment combines generous living space with a highly convenient central location.
The apartment opens into a welcoming entrance foyer and hallway, leading through to a spacious open-plan living room and eat-in kitchen.
Large windows provide plenty of natural light, while the contemporary fitted kitchen offers ample storage, integrated appliances and space for a full-size dining table.
The double bedroom is generously proportioned, while the modern bathroom and separate utility room provide practical storage and convenience away from the main living accommodation.
Residents also benefit from access to a well-equipped communal gym. Prime Manchester City Centre Location One of the property’s key attractions is its exceptionally central position.
Manchester Chinatown is just a short walk away, offering an excellent selection of restaurants, cafés, supermarkets and everyday amenities.
The apartment is also conveniently placed for Manchester Piccadilly Station and Oxford Road Station, providing rail connections across Greater Manchester and to destinations throughout the UK.
St Peter’s Square, Piccadilly Gardens and the Metrolink network are all easily accessible, making travel around Manchester and the wider city region particularly convenient.
The property is also within easy reach of Canal Street, Manchester Central, Deansgate, the universities and the wider city centre retail and business districts, making it particularly well suited to investors seeking a genuinely central Manchester location.
Investment Information Asking Price: £240,000 Current Rent: £1,500 pcm Annual Rental Income: £18,000 Gross Rental Yield: Approx.
7.5% Tenancy: Existing tenant in situ Tenant: In full-time office-based employment Tenure: Leasehold – lease expires 30 March 2268 Service Charge / Management Fee: Approx. £1,783.54 p.a.
Ground Rent: £250 p.a.
Council Tax: Band D EPC: B Approximate Floor Area: 52 sq m / 560 sq ft Disclaimer These particulars are provided by On Road Property for general guidance only and do not form part of any offer, contract, representation or warranty.
While every effort has been made to ensure accuracy, no responsibility is accepted for any error, omission or misstatement.
All details, including tenancy information, rental income, tenure, lease length, service charge, ground rent, management fees, building information, utilities, council tax, rental estimates, investment figures, fixtures, fittings and appliances, are provided by the seller, managing agent or third parties and have not been independently verified by On Road Property.
The stated gross rental yield is calculated using the current rent of £1,500 per calendar month and the asking price of £240,000.
It does not take into account service charges, ground rent, management fees, maintenance costs, void periods, taxation or other expenses.
Measurements, distances, travel times, photographs, floor plans and maps are approximate and for illustration only.
Interested parties should satisfy themselves by inspection, survey, legal enquiries or otherwise before making any offer or entering into any agreement.
On Road Property and its employees have no authority to make or give any representation, warranty or guarantee in relation to this property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Carding Building, Whitworth Street, Manchester
Explore nearby