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See how verdicts work2-bedroom flat · M1 2WA
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two bedroom apartment of 765 sq ft sits on the 15th floor, with a private terrace of about 94 sq ft and south facing views over Piccadilly and the city centre.
There are two bathrooms, one of them en suite. The building has 72 apartments across 15 floors and a 24/7 concierge. Car parking is sold separately at £30,000 a space.
Piccadilly station is a 3 minute walk.
The Northern Quarter and New Islington Marina are 7 minutes away, the Mayfield regeneration area 9 minutes, Ancoats 10 minutes, and the Etihad Campus and Co-op Live arena 15 minutes.
For investors, Mayfield is a £1.4bn regeneration scheme, and Savills forecasts price growth of 31.2% in Manchester from 2025 to 2029.
80% of the ftse 100 have an office in the city, and 51% of graduates stay on after university. At £2,136 to £2,524 a month, this apartment offers a potential gross yield of 5.5% to 6.5% on £466,000.
The 999 year lease carries no ground rent. The estimated service charge is £2,295 a year, a 10 year build warranty applies, and completion is estimated for Q4 2027.
Payment is a £5,000 reservation fee, 20% on exchange less the fee, and 80% on completion. Store Street, Manchester M1. Tenure: Leasehold. Council tax band: To be confirmed.
EPC rating: Not yet issued Disclaimer These particulars are for general guidance only and do not form part of any contract or tenancy agreement.
Vale & Mercer has not tested any apparatus, equipment, fixtures, fittings or services and cannot confirm they are in working order.
All measurements, distances, floor plans and areas are approximate and should not be relied upon when ordering fitted items or carpets.
Prospective purchasers and tenants should satisfy themselves, or obtain independent professional verification, of any information provided.
All tenancy applicants are subject to referencing and Right to Rent checks in accordance with the Immigration Act 2014, and any deposit taken will be protected in a government-approved scheme within 30 days of receipt, with the Prescribed Information provided in writing.
Photographs may include items not included in the sale or tenancy and may be taken using a wide-angle lens
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.
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FAQ
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