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Land at 48 Shudehill, Manchester, Greater Manchester M4 4AA - Image 1
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Land at 48 Shudehill, Manchester, Greater Manchester M4 4AA - Image 8

Land at 48 Shudehill, Manchester, Greater Manchester M4 4AA

North West

£400,000
Listed on 10/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a compelling opportunity as a potential development site, prominently located along Shudehill, adjacent to Salmon Street in the vibrant Northern Quarter of Manchester City Centre. Previously granted planning consent for a six-storey building, the lapsed permission from January 2007 (Application Ref: 080087/FO/2006/C1) included plans for nine residential apartments—comprising six two-bedroom and three one-bedroom units—along with a ground-floor retail space and basement area. The position of this site is strategic, directly facing the transport interchange and providing excellent accessibility to public transport connections. Residents and businesses will benefit from the close proximity to a wealth of amenities, including hotels like Crowne Plaza and Holiday Inn, as well as shopping destinations such as the Arndale Shopping Centre. Leisure options are plentiful in the vicinity, with attractions like The Printworks, Mackie Mayor, Frog & Bucket, and Band on The Wall all nearby. As a freehold property with title number LA28943, it presents an attractive proposition for developers looking to reactivate its previous planning permissions or explore new development possibilities in an area known for its cultural richness and urban living appeal. Interested buyers are encouraged to engage with Manchester City Council to discuss potential redevelopment options before bidding at auction. Investors should note that financing options are available for this lot. However, it is essential to understand the legal obligations involved in purchasing at auction. Each bidder must be prepared for immediate payment of the deposit and auction fees upon being declared successful. For those considering this property without an in-person visit, caution is advised regarding possible discrepancies not captured in online materials. Overall, this property represents an enticing investment opportunity poised for revival in one of Manchester’s most dynamic neighborhoods.

Investment Analysis

(M4 area)
Area Average
£378/sq ft
Avg Rent (weekly)
£302
Avg Yield
6.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£750,000 - £1,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (M4)

Area prices are falling by +18.9% over the last 12 months
3 year growth: -15.6%
5 year growth: -1.4%
Investment Disclaimer: Analysis based on M4 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

Land at 48 Shudehill, Manchester, Greater Manchester M4 4AA
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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
£1,465
Based on a loan of £300,000 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