2-bedroom flat · M4 5AH
Sold STCReduced £15k (−6.3%) on 21 JunListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties are delighted to present this two bedroom apartment located within the Nuovo development in Ancoats.
The apartment is situated on the third floor and offers a fully fitted kitchen with integrated appliances, which is open-plan to the living and dining area.
There are two bedrooms, both of a generous size, and a three-piece bathroom suite. There is also an entrance hallway, which has access to a handy storage cupboard.
Ancoats has become one of the most desirable places to live in Manchester. Hosting a number of Manchester's best reviewed restaurants along with a recently Michelin starred restaurant too.
It's a beautiful area, seamlessly blending historic mills, cobbled streets and canals with tasteful new build developments.
Ancoats is within easy walking distance to Piccadilly and Victoria Train station, Shudehill and Piccadilly Gardens bus interchange and numerous Metrolink stops meaning public transport is an option everywhere.
General: Rental Yield: 6.5% (Based on expected rental price of £1300pcm) Service Charge: £2400 per annum Ground Rent: £375 per annum Ground Rent Review Period: Reviewed every 10 years in line with rpi Lease: 250 years from and including 1 January 2014 Square Footage: 625 sq.ft / 58 sq.m Council Tax Band: C (Manchester City Council) Hallway Laminate flooring, intercom entry system, ceiling lights and access to storage cupboard housing the boiler and with plumbing for washing machine.
Living Area Double-glazed window, carpeted flooring, wall-mounted heater and spotlights.
Kitchen Open plan to living area, the kitchen comprises 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, laminate flooring and spotlights.
Bedroom 1 Double-glazed window, carpeted flooring, wall-mounted heater and ceiling lights. Bedroom 2 Double-glazed window, carpeted flooring, wall-mounted heater and ceiling lights.
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, extractor and spotlights.
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 advisors 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
Agent & docs
.png)
FAQ
About 311, Nuovo, Manchester
Explore nearby