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See how verdicts work2-bedroom flat · M4 5AH
For saleReduced £20k (−8.7%) on 26 SepListed 87 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 4th floor corner apartment within the desirable Nuovo development perfectly located for Ancoats, the Northern Quarter and the wider city centre.
Located on the quieter rear side of the building, it comprises 2 double bedrooms (1 ensuite), an open-plan Living Area/Kitchen and main bathroom.
Ideal for anyone seeking to be within easy reach of everything Manchester has to offer. EPC Rating C.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
MCC250833/8 4th Floor Secure communal entrance at ground level into an impressive communal lobby area. The apartment can be accessed via lift or stairs.
Entrance Hall Wood-effect flooring, entry intercom, cupboard offering space for washing machine.
Doors leading off to: Living Area/Kitchen (5.49m x 4.2m (18' 0" x 13' 9")) An attractive open-plan room enjoying a corner aspect with feature curved windows providing plenty of natural light.
Wood-effect flooring, electric heater, recessed downlighters.
The Kitchen area features contemporary contrasting base and wall units, integral electric oven and hob with extractor above, sink with mixer tap, integral dishwasher and fridge/freezer.
Bedroom 1 (3.66m x 3.45m (12' 0" x 11' 4")) Window to rear elevation, carpeted floor, electric heater.
Door to: Ensuite With shower cubicle, wash basin with mixer tap, WC, shaver point, wall mirror, recessed downlighters, heated towel rail, tiled flooring.
Bedroom 2 (3.7m x 2.77m (12' 2" x 9' 1")) Window to side elevation, carpeted floor, electric heater.
Bathroom (1.96m x 1.85m (6' 5" x 6' 1")) Panelled bath with shower attachment and screen, wash basin with mixer tap, WC, wall mirror, shaver point, recessed downlighters, heated towel rail, tiled flooring and splashbacks.
Leasehold/Council Tax Lease term: 250 years from 1st January 2014. Ground rent: £375.10 per annum.
Service charge: £671.24 for period 24/06/26-28/09/26 equating to an approximate annual figure of £2684.96. Please verify lease details with your solicitor.
Council tax band C (Manchester City Council).
Agent's Note To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations.
We outsource this check to a third party and a charge will apply. Ask the branch for further details.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 405, Nuovo Apartments, 59, Great Ancoats Street, Manchester
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