2-bedroom flat · M15 4NY
Sold STCListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Goodwin Fish is delighted to offer an opportunity to acquire a canal facing corner apartment in one of Manchester`s most iconic developments, Timber Wharf.
Famous for lacquer finished unpainted concrete walls and floor to ceiling windows, Timber Wharf offers a point of difference and maintains a well respected reputation in a vastly eclectic property market.
Located in historic Castlefield, the area is within walking distance to Deansgate Square, restaurants and gastro pubs including The Wharf, Dukes 92 and Alberts, the Y Club gym at Castlefield Bowl, an independent cinema, theatre and art gallery at HOME, and supermarkets such as Co-op and Tesco.
The property is also ideal for access to Cornbrook Metrolink or Deansgate train station.
The development benefits from Fibre, Apudos smart parcel lockers, a well maintained canal side communal garden with picnic benches and table tennis table, and an opportunity to grow your own vegetables.
Located on the 3rd floor the property briefly comprises: entrance/hallway with storage; open plan lounge/diner with sliding doors onto a canal facing corner balcony; kitchen with integrated appliances, primary double bedroom with access to en suite facilities; second double bedroom/work from home space; primary bathroom; additional balcony accessed by both bedrooms.
The property is being sold with a secure underground tandem car parking space for two cars, and is offered with vacant possession.
We can confirm the development has an EWS1 form with A2 rating which may be required by lenders issuing a mortgage.
Tenure: Leasehold Annual apartment service charge: £2691.15 Annual tandem parking service charge: £468.12 Annual ground rent: `a grain of sawdust, if demanded` Length of lease: 999 years from 2000 Est.
rental return: £1,500 pcm on a fully furnished basis Management company: Realty Management Ltd Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Anti-Money Laundering (AML) Checks - As part of making an offer, we`re required by law to complete Anti-Money Laundering (AML) checks to confirm the identity of all purchasers.
To cover the cost of this process, a non-refundable fee of £60 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and ensures your offer can be progressed as quickly and smoothly as possible.
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 Timber Wharf, 32 Worsley Street, Castlefield
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