2-bedroom flat · SK22 4PU
Sold STCListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hibbert Homes are pleased to bring to the market this impressive two-bedroom mezzanine penthouse apartment, occupying a superb position within a characterful former cotton mill dating back to 1785.
Set within a thoughtfully converted development in New Mills, this unique home combines striking period character with contemporary living, whilst enjoying views towards the River Sett and excellent access to the wealth of amenities and transport links the area has to offer.
The apartment opens into a welcoming hallway leading through to an impressive open-plan living space, creating a fantastic central hub for both relaxing and entertaining.
The modern fitted kitchen is neatly incorporated into the room and benefits from a range of integrated appliances, whilst the generous proportions allow ample space for both living and dining.
Also positioned on this floor are two well-proportioned bedrooms, comprising a large double and a further smaller double/large single, alongside a stylish modern bathroom finished with a contemporary white suite.
A particularly striking feature of the property is the spiral staircase rising from the main living accommodation to the substantial galleried master bedroom.
This impressive space provides a wonderful sense of separation and privacy, whilst the adjoining designer-style en-suite shower room adds a further touch of luxury.
The mezzanine arrangement gives the apartment a distinctive feel and makes excellent use of the property's characterful layout.
Externally, the property benefits from allocated private parking for one vehicle to the rear of the development.
The apartment is heated via energy-efficient electric heaters and also benefits from double glazing throughout.
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 Hyde Bank Road, New Mills, SK22
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