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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 25/06/2025

Property Details

Bedrooms
50
Type
Detached house

Description

Albion Mill, a distinguished Grade II listed structure in Macclesfield, stands as a significant piece of the area’s industrial history. Originally built in 1843 for Thomas Heapy, an influential figure in the 19th-century silk trade, this former textile mill is prominently located and now offers an exceptional opportunity for renovation and investment. The property comes with full planning permission for conversion into 30 residential units, featuring a mix of two-bedroom flats and three-bedroom duplex penthouses. The approved development plans ensure that the original architectural integrity is preserved while transforming the building into modern living spaces. Key elements such as cast-iron columns and timber beams highlight its historical significance and provide a unique character that can be enhanced through thoughtful restoration. Albion Mill's exterior showcases classic features including red brick walls, sandstone accents, and a slate roof crowned by a distinctive central parapet marked "Albion Mill 1843." The approved redevelopment plan allows for the creation of efficient access routes and parking provisions—all designed to maintain the building's external charm while accommodating contemporary residential needs. Situated in an area undergoing substantial regeneration, the property not only represents a valuable development opportunity but also aligns with Macclesfield’s ongoing transformation. This location benefits from increasing demand for housing and ongoing improvements in local infrastructure, making it an attractive option for investors looking to capitalize on future growth. This project promises not only to preserve an important part of Macclesfield’s heritage but also to contribute positively to the community's evolution. Interested parties are encouraged to inquire further or arrange a site visit to explore this unique investment potential. EPC rating: Exempt. Tenure: Freehold.

Investment Analysis

(SK11 area)
Area Average
£302/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SK11)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 15.3%
5 year growth: 15.2%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,495
Based on a loan of £1,125,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE