2-bedroom flat
For saleListed 1 day
Opportunity summary
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About
Julie Twist Properties welcomes to the market this 2nd floor apartment within 39 Potato Wharf, a development positioned in the heart of Castlefield.
The property offers a spacious, open-plan kitchen and living area which has access to a private balcony that enjoys views of the canal.
There are also two generously sized bedrooms, two bathrooms, a large storage cupboard and an entrance hallway. The property further benefits from 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: 8.18% based on an estimated rental income of £1500pcm.
Service Charge: £3516 per annum (this includes building insurance) 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 12/03/2015 Floor Area: 632 sq.ft / 58.7 sq.m approx Council Tax Band: D Management Company: Living City Hallway Laminate flooring, wall-mounted heater and spotlights.
Living Area Double-glazed window and door leading onto the balcony with beautiful canal views, laminate flooring, wall-mounted heater, phone/TV point and ceiling lighting.
Kitchen Open-plan to the living area, the kitchen comprises a range of wall and base units, integrated fridge/freezer, integrated dishwasher, built-in oven with four ring hob and extractor over, stainless steel sink with mixer tap and drainer, tiled flooring and spotlights.
There is also access to a storage cupboard housing the boiler and with plumbing for washing machine.
Bedroom 1 Double-glazed window, carpeted flooring, wall-mounted heater, TV point, ceiling lighting and access to the ensuite.
Ensuite Accessed via bedroom 1, the ensuite comprises a shower cubicle, WC, sink with mixer tap, heated towel rail, wall mirror and spotlights.
Bedroom 2 Double-glazed window, carpeted flooring, wall-mounted heater and ceiling lighting.
Bathroom Three-piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, heated towel rail, tiled flooring, partially tiled walls, wall mirror and spotlights.
Parking There is one allocated parking space included with the sale of the property.
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.
Area
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FAQ
About Whitworth, 39 Potato Wharf, Manchester
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