Corkland Road, Chorlton, Manchester, M21
North West
£1,200,000
Listed on 07/08/2026
Listed on 07/08/2026
The listing
Property details
Bedrooms
4Type
DetachedFeatures
- Tenanted
Description
This substantial property, previously generating an impressive annual income of £33,000, presents a notable investment opportunity with full planning consent for the conversion into five additional self-contained flats. Spanning 6,140 sq ft, the upper floors currently comprise two two-bedroom apartments and two one-bedroom apartments, all of which are tenanted and yielding a combined rental income of £2,650 monthly. With strategic upgrades or renovations, potential rental returns could be significantly improved.
The ground floor commercial unit is presently vacant but was formerly used as a doctor's practice and benefits from access to substantial cellars that cover the property’s footprint. This area also has approved plans for transformation into more residential units.
Positioned conveniently near Chorlton Village and the Metrolink station, this property stands as a rare chance for cash buyers and seasoned investors looking to enhance their portfolios through value-add development projects.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
75out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £1.3m, this substantial double-fronted period building is offered at £212 per sq ft, well below the local average of £405 per sq ft. That gives an investor a notably low entry point for a property with four tenanted apartments and a vacant former surgery across the ground floor and basement. The upper apartments are currently generating rent, while the commercial space previously achieved £33,000 a year.
There is a clear medium-scale value-add project: the residential interiors are dated, the photographed kitchens include damaged or incomplete cabinetry, and the bathrooms would benefit from updating. The listing also states that planning permission is in place to create five flats from the ground floor and basement, offering a further route to improve the building; verify the consent and its practical feasibility. The substantial brick exterior and pitched roof look broadly intact in the available view, though staining and a corridor crack warrant investigation.
Key opportunities
- Acquire 6,140 sq ft at £212 per sq ft, well below the local average, with four tenanted apartments already generating income.
- Refresh the dated residential interiors, including the photographed kitchens and bathrooms, to improve the existing apartments.
- Explore the stated planning permission to convert the vacant ground floor and basement into five flats, subject to checking the consent and feasibility.
Key risks
- Investigate the staining near a roof window and the corridor wall crack; the available exterior view shows no obvious major roof failure.
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Transport
Nearest stations
Chorlton (Manchester Metrolink)
0.1 miles
Tram · Chorlton
St Werburgh's Road (Manchester Metrolink)
0.4 miles
Tram · Chorlton
Barlow Moor Road (Manchester Metrolink)
0.7 miles
Tram · Chorltonville
Firswood (Manchester Metrolink)
0.7 miles
Tram · Firswood
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£4,903
Based on a loan of £900,000 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-7.7% since listed
£1,200,000£100,000(-7.7%)
04/11/2026£1,300,000Initial listing
08/08/2026Services
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