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See how verdicts work2-bedroom flat · M4 4EF
Sold STCListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Julie Twist Properties presents this 7th floor apartment, located in Cypress Place, Green Quarter.
The apartment offers two generously sized bedrooms, two bathrooms (one of which is an ensuite) and a large, open-plan kitchen and living area with access to a full-length, private balcony.
The apartment also comes complete with a secure, underground parking space. The Green Quarter is located in the north west of the city centre, right by Victoria Station and the AO Arena.
The area itself is mainly residential with a local Co-Op store and a few cafes, restaurants and bars.
However, the bright lights of the Northern Quarter, Printworks and the Corn Exchange are only a few minutes' walk away, meaning you don't have to venture too far to enjoy all Manchester city centre has to offer.
GENERAL: Rental Yield: 7.04% (Based on expected rental price of £1350pcm) Service Charge: £2616.20 per annum Building Insurance: £885.27 per annum Ground Rent: £250 per annum Ground Rent Review Period: Increasing after the first 25 years, and every 10 years thereafter on a calculation based on the national average earnings index.
Lease: 150 years from 1 August 2006 Square Footage: 725 sqft / 67.4 sqm Council Tax Band: D (Manchester City Council) Management Company: Living City Hallway Wood effect flooring, spotlights, access to storage cupboard housing the boiler, and with plumbing for a washing machine/dryer.
Living Area Double glazed windows and door leading onto a private balcony, carpeted flooring, wall mounted heater, phone/TV point, intercom entry system and ceiling lights.
Kitchen Open plan to the living area, the kitchen comprises wall and base units, integrated fridge/freezer, integrated dishwasher, built-in oven with four ring hob and extractor over, integrated microwave, stainless steel sink with mixer tap and drainer, tiled flooring, spotlights and under cabinet lighting and extractor.
Bedroom 1 Double-glazed window, carpeted flooring, wall-mounted heater, ceiling lights and entrance to the ensuite.
Ensuite Accessed via bedroom 1, the ensuite comprises of a large shower cubicle, WC, sink with mixer tap, heated towel rail, partially tiled walls, tiled flooring, extractor and spotlights.
Bedroom 2 Double-glazed window, carpeted flooring, wall-mounted heater and ceiling lights.
Bathroom Accessed via the hallway, a three piece bathroom comprising bath with shower attachment over, WC, sink with mixer tap, heated towel rail, partially tiled walls, tiled flooring, extractor and spotlights.
Parking This apartment comes complete with a secure, underground parking space.
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 Cypress Place, New Century Park, Manchester
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