3-bedroom flat · M21 9HH
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire two leasehold self-contained income-producing apartments, all offered for sale with tenants in situ.
Providing approximately 1,064 sq.ft of accommodation and currently generating a combined annual rental income of £19,800 and a yield of 5.74% The property is well positioned for access to Chorlton, with convenient connections into Manchester city centre.
An excellent opportunity to acquire two leasehold self-contained income-producing apartments, all offered for sale with tenants in situ.
Providing approximately 1,064 sq.ft of accommodation and currently generating a combined annual rental income of £19,800 and a yield of 5.74% The property is well positioned for access to Chorlton, with convenient connections into Manchester city centre.
The Property Consists of - 87 Meadow Court - One bedroom apartment with separate kitchen and bathroom. Leasehold/ 126 Years Remaining From March 1983 Service Charge: TBC Ground Rent: TBC Approx.
484 Sq.Ft Council Tax Band: A 13 Ashfell Court - Two bedroom apartment with separate kitchen and bathroom.
Leasehold/ 999 Years Remaining From December 1981 Service Charge: TBC Ground Rent: TBC Approx.
580 Sq.Ft Council Tax Band: A Externally, the property benefits from resident parking to the rear with garages.
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 Hackness Road, Manchester, Greater Manchester, M21
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