1-bedroom flat · M15 4GQ
For saleReduced £20k (−12.5%) on 14 OctListed 50 days
Opportunity summary
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About
Public notice : 255,2 Kelso Place, M15 4GQ. We are acting in the sale of the above property and have received an offer of £160,000.
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.
EPC Rating: C Leaders are pleased to present this attractive one-bedroom apartment positioned on the fifth floor of the popular St George’s Island development, offering open waterfront views and a private balcony.
Set within the heart of Castlefield, the property enjoys a prime waterside location while remaining within easy walking distance of Deansgate, Cornbrook Metrolink and Deansgate train station.
The area is well known for its vibrant mix of restaurants, bars, leisure facilities and cultural venues, alongside convenient access to local supermarkets and gyms.
The apartment briefly comprises a welcoming entrance hallway with storage, a bright open-plan living and dining space with floor-to-ceiling windows, and direct access to the balcony overlooking the water.
The modern fitted kitchen is integrated and thoughtfully arranged for everyday living.
The double bedroom is well proportioned and benefits from natural light, while the bathroom is finished with contemporary fittings and storage.
Additional benefits include allocated parking, secure entry and lift access. The development also benefits from an EWS1 form, making it suitable for mortgage lending.
The property is offered with vacant possession and would appeal to both owner-occupiers and investors seeking a well-located waterside apartment. EWS1 Available - A1 rating Secure parking
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.
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FAQ
About Apartment 255, 2, Kelso Place, Greater Manchester
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