2-bedroom flat · M3 5GT
For saleListed 393 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**STUNNING CORNER POSITION** - Novella is the latest addition to New Bailey, where contemporary living, city lights and the River Irwell meet.
Novella combines striking design and quality with first class resident amenities, such as concierge, podium gardens, communal lounges, a residents’ gym and wellness suite, co-working spaces, cycle stores and a parcel room.
This corner, dual aspect apartment offers beautiful waterside views with TWO DOUBLE BEDROOM accommodation measures 744 Sqft which briefly comprises of an impressive open plan living and kitchen area, with integrated top of the range AEG/Zanussi appliances and stylish quartz worktops.
Access out onto a balcony can be found via the living room providing stunning open aspect views over the River Irwell.
The bedroom benefits from a full-length double fitted wardrobe with entry into a luxury en-suite shower room.
A second double bedroom and a contemporary three piece tiled bathroom complete the impressive accommodation.
As mentioned, Novella combines striking design and quality with first-class amenities with the added benefits of a 6th floor podium roof garden offering stunning city and river views.
Perfectly positioned within walking distance of Spinningfields, Deansgate and Salford Central alongside a host of restaurants and bars including The Ivy and 20 Stories to name a few.
This apartment is also close to several major transport links, as well as Factory International with a direct bridge leading to Europes largest Arts space.
An internal inspection is strongly recommended. Contact VitalSpace Estate Agents on for further information.
LEASE TERMS Service Charge - Circa £2305.00 per annum Ground rent - Peppercorn Lease Term - 250 years from 2022
Value & comps
No previous sales on record.
Returns
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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 Stanley Street, Salford, Manchester, M3
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