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Albion Mill, Macclesfield, SK11 - Image 1
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Albion Mill, Macclesfield, SK11

North West

£1,500,000
Listed on 17/12/2025

Property Details

Bedrooms
50
Type
Detached house

Description

Albion Mill stands as a significant Grade II listed structure in Macclesfield, offering an exceptional investment opportunity for those looking to undertake a meaningful restoration project. This historic building, dating back to 1843, has secured planning consent for the transformation into 30 residential units, comprising an appealing mix of traditional two-bedroom apartments and luxurious three-bedroom duplex penthouses, complete with designated access and parking solutions (Cheshire East Council Ref: 17/0499M). Once a pivotal establishment in the 19th-century silk industry championed by Thomas Heapy, the mill showcases striking architectural elements such as red brick façades, detailed sandstone work, and a characteristic slate roof adorned with a central parapet that proudly displays 'Albion Mill 1843'. Inside, original features like cast-iron columns and timber beams are still present, providing ample potential for tasteful renovations that honor the building's heritage. Having also served as a venue for machine embroidery in the 20th century under A.W. Hewetson, this mill is deeply rooted in Macclesfield's industrial narrative. The approved development plans are thoughtfully crafted to maintain the integrity of the exterior while transitioning it into desirable residential living spaces. The inclusion of 33 parking bays alongside discreet external staircases positions enhances accessibility without compromising aesthetics. Situated within a neighbourhood experiencing substantial revitalisation efforts, this opportunity not only promises solid returns on investment but also allows participation in Macclesfield's evolving community landscape.

Investment Analysis

(SK11 area)
Area Average
£299/sq ft
Avg Rent (weekly)
£251
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£2,500,000 - £3,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (SK11)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +15.4%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on SK11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Albion Mill, Macclesfield, SK11
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,410
Based on a loan of £1,125,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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