1-bedroom flat · M4 5AX
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Paragon Mill is part of the Royal Mills complex, the first Cotton mill in Ancoats to be converted. Living at this development is all about the City Centre lifestyle.
Within the development you have Ancoats Coffee co, meaning you can grab your morning coffee on the way to work.
Cutting room square is a stones throw away and is full of independent bars and restaurants and is a great spot to enjoy, especially in the summer.
The apartment itself is full of character with exposed brickwork and original steel beams, as well as having large windows letting in natural light.
You enter the apartment to a large hallway, with a family bathroom, double bedroom and an open plan kitchen/dining area which is an ideal space for entertaining and relaxing.
The apartment also includes an allocated parking space within the Royal Mills development. Available furnished from 22nd december 2026.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 4 Cotton Street, Manchester
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