We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · M15 4SX
Listing removedReduced £10k (−3.2%) on 2 SepListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in the heart of Castlefield, just steps from the canal, this is a properly well‐balanced two-bedroom apartment with something you rarely see in the city centre, a private patio that actually works.
There’s enough space out there for proper seating, entertaining, and even a shed, which is almost unheard of for a city centre apartment. Inside, it’s clean, modern and easy to live in.
The living space is well laid out with a media wall and feature fireplace, there are French doors straight onto the patio so you can make the most of al fresco living in the summer.
The kitchen is smart and practical with integrated appliances, good storage and a breakfast bar that makes the space feel social without trying too hard.
Both bedrooms have with built-in storage, the bathroom is finished in a simple, modern style with a walk-in shower - nothing overcomplicated, just done well.
You’ve also got secure gated parking, well-kept communal areas, and a location that gives you that quieter canal-side feel while still being right in the mix for everything Manchester has to offer.
As you’d expect with a canal-side development, there are standard rights for the canal authority to access parts of the site for maintenance, along with usual lease restrictions around alterations and use.
It’s all typical for this type of property and nothing out of the ordinary.
Leasehold: 999 Years from 1992 Service Charge: £2,285.82 per annum Ground Rent: Tbc Location Castlefield is one of Manchester’s most desirable city centre locations, known for its canals, converted mills and walkable lifestyle.
Slate Wharf sits right by the water, offering a quieter setting while still being within easy reach of Deansgate, Spinningfields and excellent transport links, including Deansgate-Castlefield Metrolink station.
Lounge (5.25m x 3.80m) Bedroom One (3.7m x 3.3m) Ample built in storage Bedroom Two (2.73m x 2.10m) Ample built in storage Kitchen (3.6m x 2.1m) Hallway (1.85m x 1.00m) Bathroom (2.00m x 1.85m) Walk in shower Disclaimer These property details are prepared to provide a fair and accurate description; however, no guarantee is given regarding accuracy or completeness.
Measurements, floor plans and photographs are approximate and for guidance only.
Prospective buyers/tenants should verify all information independently, including services, boundaries, planning permissions, and council tax, and should inspect the property in person before making any decisions.
These particulars do not form part of any contract, and appliances or systems have not been tested.
Please note: To comply with hmrc anti‐money laundering regulations, Maddox Noel outsources buyer compliance checks.
A fee of £54 (including VAT) per person applies if you agree an offer on a property through us.
This covers mandatory identity verification, anti‐money laundering checks, source‐of‐funds assessments, third‐party processing, and associated administration.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
.png)
FAQ
About Flat 15, Ship Canal House, Manchester
Explore nearby