2-bedroom flat · M4 4BL
Sold STCListed 326 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal Investment Opportunity - Tenanted property plm Sales are delighted to bring to the market this well presented two bedroom apartment located in Green Quarter.
This apartment is located on the fifth floor with a corner aspect that look over the communal gardens. Green quarter is less than a five minutes walk from Victoria station.
Floor Sizes: Living area: 7.24m X 4.01m. Utility Room: 2.29m X 1.02m. Bathroom: 2.5m X 2.36m. Bedroom: 3.91m X 3.1m. En Suite: 2.5m X 1.73m. Bedroom 2: 3.38m X 2.6m. Additional Information.
Service charge £2682 pa (£670.47 p/qtr) - Y/E 31/12/2024 Ground rent £250pa (paid up to 31/12/2024) Buildings insurance (via Living City) £628.99pa (paid up to 16/10/2024) Term - 150 years from 01/08/2006 - 132 years remaining Council Tax Band - D EPC - C (69) Allocated Parking.
Water Meter Fitted. Flood Risk: Surface water: High risk of flooding. Rivers and the sea: Very low risk of flooding.
These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute an offer or part of a contract.
Prospective purchasers and/or lessees ought to seek their own professional advice.
All descriptions, dimensions, areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
All measurements are approximate.
All appliances, fixtures and fittings listed within details provided by plm are 'as seen' and have not been tested by plm nor have we sought certification of warranty or service, unless otherwise stated.
It is in the buyer's interest to check the working condition of all appliances.
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 Apartment 514, Jefferson Place, 1 Fernie Street, Manchester
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