Modern Method of Auction
Auction date not yet published
3-bedroom flat · M4 7LR
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
X1 Sales and Lettings are pleased to bring to market this stylish, tenanted apartment on the 1st floor of the sought-after X1 The Plaza development – an ideal opportunity for buy-to-let investors seeking strong rental returns and long-term capital growth potential.
Key Features: Three-bedroom apartment – furnished and tastefully decorated throughout Two double bedrooms, including one with an en-suite shower room Spacious main bathroom with overhead shower, toilet, and basin Open-plan kitchen/living area with integrated appliances Private balcony space.
Access to on-site gym and ground parking bay included.
Secure fob/entry system for residents Location: 10-minute walk to Manchester Piccadilly Train Station 5-minute walk to New Islington Metrolink Excellent transport links via M62, M56, M602 and close proximity to Manchester Airport Investment Snapshot: Tenants in situ on a long-term agreement Achieving £1,875 PCM in rental income Ideal hands-off investment with proven rental track record Cash buyers only due to lending restrictions within the building Leasehold Information: Lease: 235 years less 3 days commencing on 01.01.2017 Ground Rent: £470.15 p/a Service Charge (2026): £3,856 annually (payable quarterly) Council Tax Band: C This is a rare opportunity to acquire a high-yield, low-maintenance asset in one of Manchester’s most desirable city-centre locations.
For further details or to arrange a viewing (subject to tenant availability), please get in touch today.
Images are of the show apartment, the size and layout of each apartment varies Images are for illustrative purposes only and MAY show a similar unit within the development.
The images MAY not reflect the exact apartment for sale. Please ask if you would like us to confirm if the images reflect the actual apartment.
Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional. Parking - Allocated parking G-14 Parking Bay
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
FAQ
About 1 Advent Way, Ancoats, M4
Explore nearby