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Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 1
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Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 3
Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 4
Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 5
Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 6
Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 7
Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 8
Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS - Image 9

Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS

North West

£2,500,000
Listed on 03/02/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
20365 sqft

Description

Situated on the south side of Charlton Place at its intersection with Cakebread Street, this former mill structure in Ardwick presents a unique investment opportunity at the edge of Manchester City Centre. The property enjoys proximity to Ardwick Green Park and is conveniently located near major transport routes, with the Mancunian Way just a short distance away, facilitating easy access to the heart of the city and beyond. Within half a mile, residents can benefit from an array of retail options, dining establishments, and entertainment venues. This four-storey building has been repurposed into characterful studio and office spaces, featuring several self-contained suites on each floor while accommodating around 17 tenants largely from the creative sector. The traditional brick construction topped with a double-pitched slate roof offers potential for aesthetic enhancements that could further attract tenants or provide desirable living spaces. Additionally, there is valuable basement storage that could be utilized more effectively. With some refurbishment effort, there is significant potential to elevate this property’s appeal—either by modernizing existing units or converting them into residential flats to meet demand in this vibrant area. The limited parking available at the front also adds to its charm and functionality.

Investment Analysis

(M12 area)

Below Market Value

This property is priced -54.0% below area average per sq ft

-54.0%
Potential saving
This Property
£123/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£304
Avg Yield
6.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£5,984,561
10% above area average per sq ft
Potential ROI
+128.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (M12)

Area prices are rising by +8.1% over the last 12 months
3 year growth: 21.1%
5 year growth: 54.8%
Investment Disclaimer: Analysis based on M12 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

Progress Centre, Charlton Place, Ardwick, Manchester, M12 6HS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£9,017
Based on a loan of £1,875,000 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE