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See how verdicts work2-bedroom flat · M40 7NA
No longer listedListed 359 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Victoria Mill in Manchester was a 19th-century cotton spinning mill built in two stages between 1869 and 1873, designed by architect George Woodhouse .
The development is in the regenerated Miles Platting area, close to the Rochdale Canal. A very popular location that is with a short stroll to the city centre.
Located on the 4th floor is this bright and exceptionally spacious luxury apartment.
This dual aspect apartment consists of a hallway with a utility cupboard, lounge with focal window, separate contemporary fitted kitchen with integrated appliances, two generous bedrooms both of a double size with the master bedroom benefitting from an ensuite showroom.
The main bathroom offers a three piece fitted suite in white with feature white brick type wall tiling. Available with chain free and vacant possession.
Victoria Mill also benefits from bike storage on each floor. EPC D Leasehold 250 year from 2024 Ground rent £167 per year Service Charge £3400 per year Management company Carrick Reid
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
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FAQ
About Victoria Mill, 411, 8 Lower Vickers Street, Lancashire
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