2-bedroom flat · M1 2NN
Sold STCReduced £23k (−10%) on 24 MayListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Home Development is a cluster of purpose built apartments arranges around secure communal gardens. Within walking distance to the city centre and Piccadilly train station.
Located on the third floor and comprising of a hallway to an impressive dual aspect living area including a fitted kitchen, and two bedrooms with the master bedroom benefitting from an en-suite shower room and second fitted bathroom.
External balcony enjoying scenic views , neat communal garden with electric gated access . Complete with a secure allocated car space.
Leasehold 150 years from 1 January 2004 Ground Re4nt £300 per year Service Charge £1812 per year
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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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 Chapeltown Street, MANCHESTER, Lancashire, M1
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