2-bedroom flat · M5 4YW
For saleReduced £15k (−5.5%) on 27 AugListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** EWS1 form in place with B1 rating - mortgage buyers welcome ** This stunning apartment is located on the fourth floor of a modern development which forms part of Middlewood Locks, an impressive and equally popular area within easy reach of Deansgate, Spinningfields and St John's.
Presented to a high standard and benefiting from a private south facing balcony, the luxury corner aspect property is walking distance to Manchester city centre and amenities including; Sainsbury's supermarket, co op convenient store and several independent shops and cafes.
It also provides easy access to Mancunian Way, Deansgate train station and motorway network.
The bright and spacious accommodation briefly comprises, open plan living room with access to the balcony, modern fitted kitchen with integrated appliances, two double bedrooms with built in wardrobes, luxury bathroom suite and en suite shower room.
No onward chain. Approx. 731 Sq. Ft. EPC rating (B) Council tax band (C). Lease: 999 years from 2018 Annual ground rent: £325 Annual service charge: £3,849.60 Management Company: Lsh
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 Apartment 408, The Quarry, 15 Middlewood Street, Salford
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