Priestley Homes has submitted plans to develop Mutual Mills in Heywood, Greater Manchester, into 240 apartments.
The 19th-century mills have stood vacant for a number of years and prices would start at £99,995 in the £30m scheme.
Chief executive Nathan Priestley said: “There are very few high-specification apartments at this price point in Heywood.
“We expect considerable interest from investors looking to capitalise on the region’s growing reputation as a buy-to-let hot spot, and the site’s proximity to local amenities and transport links to Manchester city centre would also appeal to those looking for convenient, affordable living.”
Subject to planning permission, construction work is expected to begin in early 2018 and finish in spring 2019.
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