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See how verdicts work2-bedroom flat · M3 6AF
For saleListed 278 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within the well-regarded fresh development on Chapel Street , this well-presented two-bedroom apartment offers modern city living in a highly convenient Salford city-centre location Situated on the second floor , the apartment extends to approximately 57 square metres and features a bright open-plan living and kitchen area , enhanced by floor-to-ceiling and double-glazed windows that provide excellent natural light throughout.
The property comprises two well-proportioned bedrooms and a modern family bathroom , making it suitable for owner-occupiers, sharers, or investors alike.
The building benefits from a concierge service , secure entry system , and lift access , offering both comfort and security for residents.
The apartment is currently tenanted on a periodic basis , generating £1,200 per calendar month , presenting an attractive investment opportunity with immediate rental income.
Ideally positioned close to Salford Central Station , local universities, and excellent transport links, the property also offers easy access to Manchester city centre , MediaCityUK , and major employment hubs.
Property Details: Price: £172,500 Tenure: Leasehold Years remaining on lease: 981 years Ground rent: £150 per annum Service charge: £250 per month EPC Rating: B Council Tax Band: C Total Floor Area: 57 sq m Current Rent: £1,200 pcm Call or send an enquiry today to arrange a sales viewing or request further information.
EPC rating: B.
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 204, Fresh Apartments, 138 Chapel Street, Manchester
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