2-bedroom flat · M41 0US
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introducing Crofts Bank, a brand-new development of 24 contemporary two-bedroom apartments in the heart of Urmston, offering an affordable route onto the property ladder through Shared Ownership.
This beautifully presented ground floor apartment provides 656.59 sq ft (61 sq m) of thoughtfully designed living space, ideal for first-time buyers, professionals and downsizers alike.
The property features a bright open-plan kitchen, dining and living area, creating a flexible space for both relaxing and entertaining.
The contemporary kitchen includes integrated appliances and quality finishes, while two well-proportioned bedrooms and a stylish bathroom complete the accommodation.
Residents will benefit from allocated parking, EV charging provision and energy-efficient features designed to support modern living and help reduce running costs.
Crofts Bank is conveniently located close to Urmston town centre, offering a range of shops, cafés, restaurants, leisure facilities and excellent transport links to Manchester city centre and beyond.
Available through Shared Ownership, buyers can purchase an initial share between 10% and 75%, with the opportunity to increase their ownership over time through staircasing, up to 100%.
Based on a full market value of £240,000, examples include: * 10% share: £24,000, rent £495.00 pcm * 25% share: £60,000, rent £412.50 pcm * 50% share: £120,000, rent £275.00 pcm * 75% share: £180,000, rent £137.50 pcm Rent is calculated at 2.75% per annum of the share not owned.
Handover anticipated later in 2026. Please note that eligibility criteria apply to Shared Ownership purchases, and share prices and rent figures are subject to final verification.
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 1-3 Old Cross Bank Urmston Manchester M41 0US
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