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See how verdicts work2-bedroom flat · M41 0US
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity to secure a brand-new two-bedroom ground floor apartment at Crofts Bank, a contemporary new development ideally situated in Urmston.
Available through Shared Ownership, this thoughtfully designed home offers an affordable route into homeownership.
Extending to approximately 656 sq ft, the apartment features a bright open-plan kitchen, living and dining space, creating a sociable hub for everyday life.
The modern fitted kitchen includes integrated appliances, while two well-proportioned bedrooms and a stylish bathroom provide comfortable and practical accommodation.
Residents will benefit from allocated parking, EV charging provision and the advantages of energy-efficient new-build construction.
Crofts Bank is perfectly placed for access to Urmston's excellent range of amenities, including supermarkets, independent shops, cafés, restaurants and leisure facilities.
Manchester city centre and surrounding areas are easily accessible via nearby road and public transport links.
Available through Shared Ownership, purchasers can buy an initial share between 10% and 75%, with the option to increase ownership in the future through staircasing.
Based on a full market value of £240,000: 10% share: £24,000, rent £495.00 pcm 25% share: £60,000, rent £412.50 pcm 50% share: £120,000, rent £275.00 pcm 75% share: £180,000, rent £137.50 pcm Rent is calculated at 2.75% per annum on the share not owned.
Homes are anticipated to be ready later this year. Shared Ownership eligibility criteria apply.
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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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
FAQ
About 1-3 Old Cross Bank Urmston Manchester M41 0US
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