2-bedroom flat · M1 2BL
Sold STCListed 450 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Goodwin Fish is delighted to offer for sale a well presented penthouse apartment in one of Manchester`s highly sought after warehouse conversions, The Met.
Originally constructed circa 1933, Maghull Development`s completed conversion of this iconic art deco building in 2010 offers buyers an opportunity to own a piece of Manchester`s industrial heritage.
Located on the cusp of the Northern Quarter, one of Manchester`s more established neighbourhoods, the area is home to Diecast, craft breweries including Track and Cloudwater, boutique gyms such as Blok, coffee and brunch at Idle Hands and Feel Good Club, and co-working spaces across the canal at Ducie Street Warehouse and at nearby Neptune Mill.
The property is less than a five minute walk to Piccadilly train station or Metrolink. Internally, this well maintained property offers an estimated 809 sqft.
of living space and boasts skyline views from the top floor. Floor to ceiling windows allow natural light to fill an open plan living/dining area with new flooring.
A spacious balcony that runs the full length of the apartment can be uniquely accessed by all rooms via sliding doors.
Complemented by new floor tiles, the kitchen features a convenient breakfast bar and comes furnished with integrated appliances by SMEG.
En suite facilities service the primary double bedroom whilst the second double bedroom/study and primary bathroom is ideal for guests.
To improve energy efficiency, Herschel and Tesy radiators have been installed, with the addition of a Tempest water tank in 2024. Furniture available with separate negotiation.
Sold with the use of a secure allocated tandem car parking space which can accommodate two cars, the property is offered with vacant possession and no onward chain.
We anticipate high demand and advise all interested parties to view without delay. Annual service charge: £3,162.92 Annual ground rent: £400.00 Length of lease: 250 years from 2014 Est.
rental income: £1,500.00 pcm Management company: Realty Management Ltd Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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 Met, 40 Hilton Street, Northern Quarter
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