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See how verdicts work2-bedroom flat · M15 4LY
For saleListed 783 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A luxury 2 bed 2 bath canal side apartment in "excelsior works" for sale The accommodation is bright and spacious and comprises a large bright open plan reception with fully fitted kitchen and doors opening up to a juliette balcony.
Both bedrooms are doubles and there are 2 luxuriously appointed bathrooms. Excelsior Works is situated on Hulme Hall Road, just a stone's throw from Manchester City center.
Excelsior Works facilitates a friendly and sociable environment in the heart of Manchester. The development has a substantial communal sun terrace, boasting magnificent views.
Currently tenanted on an AST until the 20th Aug 2025 & generating an annual income of £16,899.96 producing A yield of 5.3% ground rent £250 pa / service charge £600 per quarter/ lease in excess of 990 years *the ground rent, service charge & lease have been provided by the property owner and your solicitor will need to confirm these should you wish to purchase the apartment.
Reception Reception Reception Reception Reception Reception Kitchen Kitchen Kitchen Kitchen Bedroom Bedroom Bedroom Bedroom En-Suite Bathroom Excelsior Works Lobby
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
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FAQ
About 2.04, Excelsior works, Hulme Hall Road, Manchester
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