Summary -
418 Meadow Mill,Water Street,STOCKPORT,SK1 2AN
SK1 2AN
1 bed 1 bath Flat
Central Stockport investment with flexible re-letting potential.
Circa 624 sq ft one-bedroom flat in converted mill building
Vacant on completion — immediate possession for re-letting or refurbishment
Long lease (~250 years) supports mortgageability
Shared private off-street parking; no private garden or external amenity
Potential rental guide cited (£900) and gross yield circa 6.2% (verify)
Medium flood risk; property in very deprived local area
Marketing lacks internal photos and full condition report — inspection required
Buyers’ premium applies on sale — include in acquisition costs
This one-bedroom flat sits within Meadow Mill on Water Street, a converted red-brick former warehouse in central Stockport. At around 624 sq ft with high industrial ceilings and large windows, the apartment offers generous, open-plan living space and modern finishes that suit rental or resale markets. The property is vacant and comes with shared private off-street parking, simplifying immediate re-letting or viewing programmes.
The building’s scale and town-centre location make it attractive to investors targeting purpose-built multi-occupancy stock. A rent guide and yield estimate have been prepared (marketing pack references a potential rent of £900 and a gross yield circa 6.2%), but these figures require verification against a full tenancy schedule, local market comparables and any refurbishment costs. The lease is long (circa 250 years remaining), which supports mortgageability and long-term ownership planning.
Important negatives are stated plainly: this is a leasehold flat in a very deprived local area, with a medium flood risk and no private garden or external amenity. The marketing materials lack internal and external photography and do not confirm condition, services or detailed room layout — an internal inspection and full property pack are essential to determine refurbishment scope and accurate yield. A buyers’ premium will apply on sale, which should be included in any acquisition cost modelling.
Suitable purchasers are likely experienced landlords, developers or investors able to assess refurbishment and management needs. For hands-on investors there is clear potential for rental income given central location and good transport links; however, returns will depend on capital expenditure to bring the unit to full market standard and on managing communal areas within a multi-unit building.
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