Apartment 103, 12 Arundel Street, Manchester, Lancashire

Description

Long leasehold first floor self-contained flat. Full vacant possession.

Accommodation

Bedroom one with ensuite, bedroom two, reception room open to kitchen, bathroom/WC.

Location

Situated off Arundel Street within the Castlefield Quarter to the west of Manchester City Centre. Public transport links include Deansgate Train Station and local bus services. Road communications are provided by the A57(M) and M602. Shops, cafes and restaurants are available in Manchester City Centre.

Tenure / Property Information

Investment Analysis

HM Land Registry comparables at the same development range from £178,000 to £245,250, with the latest supplied sale at £178,000 on 1 April 2026. A base GDV of £202,500 is used as a midpoint estimate, but the subject’s floor area, condition, service charge, ground rent and exact comparable specifications are not supplied. The allocated parking space and 101-year lease support marketability, subject to lease-cost confirmation.

Investment Snapshot

Strategy Recommendation

Potential BTL or value-led purchase if the £1,200 pcm asking rent is achievable and lease charges are acceptable. Obtain the legal pack, service-charge and ground-rent details, confirm condition and avoid relying on the headline GDV uplift without inspecting the flat.

Works Required

No refurbishment works are evidenced. Verify condition, fixtures, appliances and any required compliance or presentation works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £202,500 base GDV, 75% refinancing equates to £151,875. The resulting cash position cannot be calculated reliably because refurbishment costs, service charges, ground rent, seller fees and other acquisition costs are not confirmed. No value-adding refurbishment is evidenced.

Buy-to-Let Analysis

The supplied advertised asking rent is £1,200 pcm, producing annual gross rent of £14,400. Against the £110,000 guide, this indicates a 13.09% gross yield before finance, service charge, ground rent, management, maintenance, voids and tax. The actual net yield cannot be established because lease costs and operating costs are unavailable.

Flip Analysis

Buying at the £110,000 guide against the £202,500 base GDV suggests substantial headline value uplift, but this is not a net profit estimate. Refurbishment requirements, seller charges, lease costs, selling costs and exact property comparability are unknown, so an estimated flip surplus is unsupported.

Investor Risks & Due Diligence

• Ground rent and other lease costs are awaiting confirmation.

• Additional seller fees may be payable under the Special Conditions of Sale.

• The £1,200 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Subject condition and any required works are not evidenced.

• Comparable sale prices vary materially from £178,000 to £245,250 and exact flat specifications are not supplied.

• Net yield and cash requirements cannot be established without service charges, finance costs, management, maintenance and other operating costs.

Recommendation

Potential BTL or value-led purchase if the £1,200 pcm asking rent is achievable and lease charges are acceptable. Obtain the legal pack, service-charge and ground-rent details, confirm condition and avoid relying on the headline GDV uplift without inspecting the flat.

Strategy Rating

Analysis Confidence

Same-development sold comparables and one rental listing are available, but floor area, condition, service charge, ground rent, seller fees, operating costs and exact comparable specifications are missing.