2-bedroom flat · M3 4JL
For saleReduced £20k (−6.7%) on 21 JunListed 405 days
Opportunity summary
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About
Julie Twist Properties welcome to the market this 3rd floor, spacious apartment located in the heart of Castlefield in 1 Rice Street.
Offering 900 square feet of space, the property welcomes you with a particularly large entrance hallway, creating an immediate sense of space, and setting the tone for the rest of the home.
The heart of the apartment is the open-plan living and kitchen area, complete with integrated appliances and plenty of room for both dining and relaxing.
Floor-to-ceiling windows fill the space with natural light, and sliding doors lead out onto a private balcony - ideal for enjoying a morning coffee or evening drinks.
The main bedroom features its own ensuite bathroom and a separate dressing area. The second bedroom is well-proportioned and there is also a further main bathroom.
The property comes complete with a secure allocated parking space. 1 Rice Street is only a few minutes from the beautiful Castlefield walk, Deansgate and the renowned Dukes 92 bar.
Residents benefit from various transport links which take you around the city and also the beauty of the garden surrounding the building itself, which contains the remains of an old Roman fort.
General: Rental Yield: 5.6% based on an estimated rental income of £1400pcm.
Service Charge: £3901 per annum Ground Rent: £329 per annum Ground Rent Review Period: 5 years starting May 2002, next review May 2027 - based off hpi Lease: 150 years (less 15 days) from 14 May 2002 Floor Area: 897 sq.ft / 83.4 sq.m (approx) Council Tax Band: E Management Company: Stevenson Whyte Hallway Laminate flooring with underfloor heating, spotlights, access to storage cupboard housing the boiler and with plumbing for washing machine, and intercom entry system.
Living Area Double glazed, floor to ceiling windows, double glazed door leading onto a private balcony, laminate flooring with underfloor heating, phone/TV point, and spotlights.
Kitchen Open plan to the living area, the kitchen comprises wall and base units, space and for a freestanding fridge/freezer, integrated dishwasher, built-in oven with four-ring hob and extractor over, stainless steel sink with mixer tap and drainer, laminate flooring with underfloor heating, spotlights and extractor.
Bedroom 1 Double glazed window, carpeted flooring with underfloor heating, built-in wardrobes, spotlights and entrance to the ensuite.
Ensuite Accessed via bedroom 1, a three-piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, heated towel rail, partially tiled walls, tiled flooring with underfloor heating, extractor and spotlights.
Bedroom 2 Double glazed window, carpeted flooring with underfloor heating, built-in wardrobes and spotlights.
Bathroom Accessed via the hallway, a three piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, heated towel rail, partially tiled walls, tiled flooring with underfloor heating, extractor and spotlights.
Parking One secure, allocated parking space is included in the sale of this 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.
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FAQ
About Apartment 3/8, 1 Rice Street, Manchester
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