2-bedroom flat · M15 4NU
Sold STCListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer the opportunity to purchase a unique property in a former cardboard factory where the ground rent is `one cardboard box (if demanded)`.
As the first scheme in Manchester to sell `shell space` and provide the opportunity for the owners to become the designers (with the help of an architect), this 1920`s Art Deco warehouse offers bespoke city centre living in the heart of Castlefield.
The Box Works 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, a secure communal entrance, lift service to all floors, a well maintained canal side communal garden with picnic benches, a table tennis table and an opportunity to grow your own vegetables.
Property briefly comprises: entrance/hallway; primary bedroom with access to balcony and dressing area with substantial storage; primary bathroom; second double bedroom/work from home space which extends into the living area via a concertina door; en suite shower room; open plan lounge/diner with access to balcony; kitchen with integrated appliances.
The property is sold with the use of a secure underground car parking space and offered with vacant possession on request.
We can confirm the development has been issued a EWS1 form with B1 rating which may be requested by lenders issuing a mortgage.
Tenure: Leasehold Annual service charge: £3,576.82 Annual ground rent: `a cardboard box, if demanded` Length of lease: 999 years from 1999 Management company: Realty 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.
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
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FAQ
About The Box Works, 4 Worsley Street, Castlefield
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