We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · M4 6BU
For saleListed 2 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 2nd floor apartment located in the Chips Development within a short stroll to the newly revitalized New Islington Marina.
The property offers an entrance hallway which leads to a fully fitted kitchen with integrated appliances, which is open-plan to the living area.
The property has two double bedrooms, both with views of Ashton Canal, and the primary bedroom also benefits from fitted wardrobes.
The second bedroom offers a versatile space, and has bi-folding doors to the living area. There is also a main bathroom accessible via the hallway which is complete with modern and neutral finishes.
Chips is located in New Islington, seconds away from New Islington Metrolink stop and only ten minutes' walk away from Piccadilly Station.
New Islington Marina has been regenerated over the last few years and now is a beautiful space to enjoy those rare days of sunshine in Manchester.
General: Rental Yield: 7% (Based on expected rental price of £pcm) Service Charge: £2,026.42 Marina Charge: £224.00 Building Insurance: £1,250 Ground Rent: £315 per annum Ground Rent Review Period: Every 10 years Ground Rent Escelation Clause: Reviewed inline with rpi Marina Estate Charge: £224 per annum Lease: 250 years (less 10 days) from 11 March 2009 Square Footage: 667sq.ft / 62sq.m (approx) Council Tax Band: C Management Company: Rmg Hallway Wooden flooring, access to a storage cupboard housing the boiler and wall lighting.
Kitchen Open-plan to the living area, the kitchen comprises a range of white gloss wall and base units, four-ring hob, integrated oven with extractor fan over, integrated fridge/freezer, stainless steel sink with mixer tap, tiled flooring, red splashback and integrated strip lighting.
Living Area Double-glazed floor-to-ceiling window offering canal views, wall-mounted heater, intercom entry system and sliding door to the second bedroom.
Bedroom 1 2.08m x 1.72m - 6'10” x 5'8” Double-glazed window with canal views, wooden flooring, integrated strip lighting wall-mounted heater and access to a fitted wardrobe.
Bedroom 2 Double-glazed window with canal views, wooden flooring, wall-mounted heater, integrated strip lighting and access to a storage cupboard.
Bathroom Three-piece bathroom comprising a bath with shower attachment over, tiled flooring, tiled walls, mirrored cabinet and integrated strip lighting.
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 advisers 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 Chips, 2 Lampwick Lane, Manchester
Explore nearby