3-bedroom flat · M4 7BB
For saleReduced £25k (−7.1%) on 17 SepListed 74 days
Opportunity summary
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About
Julie Twist Properties are pleased to welcome to the market this wonderful three-bedroom apartment located within Milliners Wharf, New Islington.
The property is set on the first floor and offers a spacious living/dining area, which is open-plan to a fully fitted kitchen with integrated appliances.
From here, you have access to a large, private sun-terrace a rarity in City Centre apartments!
There are three double bedrooms, with the main bedroom benefiting from an ensuite bathroom and fitted wardrobe space.
There is also a further three-piece bathroom suite accessible via the generous hallway. The property comes complete with an allocated parking space.
Milliners Wharf is a canal-side development located in New Islington, only seconds away from New Islington Metrolink Stop and New Islington Green.
Residents of Milliners Wharf have access to a range of amenities, including a 24-hour concierge service, well-maintained communal gardens, secure gated entry and a secure bike storage facility.
Piccadilly Station, The Northern Quarter and Ancoats are also only ten minutes' walk away. The Northern Quarter and Ancoats offer a huge array of restaurants, bars and shops.
General: Rental Yield: 5.54% (Based on expected rental price of £1500pcm) Service Charge: £3977.91 per annum (this includes Building Insurance) Ground Rent: £0 per annum Ground Rent Review Period: N/A Lease Term: Our client is getting a lease extension, which will bring the lease Term to 999 Years and the Ground Rent to Peppercorn.
Square Footage: 909 sq.ft / 84.4 sq.m approx.
Council Tax Band: D Management Company: Redpath Bruce Hallway Wooden flooring, wall-mounted heater, spotlights and access to a storage cupboard housing the boiler and with plumbing for a washing machine and dryer.
Kitchen The kitchen comprises a range of wall and base units, built-in oven with four-ring hob and extractor over, an integrated fridge, integrated freezer, integrated dishwasher, sink with mixer tap and drainer, wooden flooring and spotlights.
Living Area Wooden flooring, double-glazed French doors opening to a large private terrace, wall-mounted heater, phone/TV point, intercom entry system and spotlights.
Bedroom 1 Double-glazed floor-to-ceiling window, wooden flooring, built-in wardrobes, spotlights, wall-mounted heater and access to the ensuite.
Ensuite Accessed via bedroom 1, the ensuite comprises a walk-in shower with glass shower screen, sink with mixer tap, WC, tiled flooring, tiled walls, extractor fan and spotlights.
Bedroom 2 Double-glazed floor-to-ceiling window, wooden flooring, wall-mounted heater and spotlights.
Bedroom 3 Double-glazed floor-to-ceiling window and door opening onto the terrace, wooden flooring, wall-mounted heater, fitted storage and spotlights.
Bathroom Three piece bathroom comprising bath with shower attachment over, sink with mixer tap, WC, tiled flooring, tiled walls, extractor fan and spotlights.
Other This property benefits from an allocated parking space (disabled bay so it is far wider), and a large private terrace.
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
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FAQ
About 1 Milliners Wharf, 2 Munday Street, Manchester
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