2-bedroom flat · M4 5AX
For saleReduced £10k (−3.2%) on 15 OctListed 163 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Discover this stylish two-bedroom apartment in the iconic Paragon Mill, blending historic Grade II character with contemporary living in the heart of Ancoats.
This beautifully converted 1st floor apartment offers spacious, light-filled living and seamlessly combines period features with modern fittings.
The open-plan living and dining area flows effortlessly into a fully equipped kitchen with integrated appliances, perfect for both entertaining and everyday living .Original exposed brickwork and high ceilings add warmth and character, giving the apartment a unique charm.
The property features two generously sized double bedrooms, including a principal bedroom with a modern en-suite and built-in wardrobes for ample storage.
A stylish main bathroom is accessed via the hallway, completing the contemporary living space .
Residents can enjoy one secure allocated parking space and access to the Paragon Mill’s exclusive amenities, including a 24-hour concierge and a welcoming atrium featuring local cafés .The development offers a secure, lift-accessed entrance, reinforcing safety and convenience.
Positioned in the heart of Ancoats, this apartment is perfectly situated for city living.
Enjoy a vibrant neighbourhood with acclaimed restaurants, trendy bars, and boutiques, while also benefiting from fast links to Manchester Piccadilly and Victoria Train Stations.
The nearby New Islington Marina provides a scenic retreat, making this location ideal for combining urban excitement with leisure walks along the canals EPC C Leasehold Ground Rent £400 per year paid to Home Ground Service Charge £3874 per year paid to Zenith
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 P M 104 Paragon Mill, 4, Cotton Street, Lancashire
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