Sold Land

APARTMENT 77

1 JORDAN STREET, MANCHESTER, GREATER MANCHESTER M15 4QX

69 m² Listed 31 Mar 2026 (-74d)

£2,500,000

Offers Over

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# Land for sale (M15 4QX)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 77, 1 JORDAN STREET, MANCHESTER, GREATER MANCHESTER M15 4QX |
| Price | £2,500,000 |
| Last sold | £207,500 Aug 2017 |

## Description

For Sale: Prime Manchester City Centre Car Parking Portfolio – Offers Over £2,500,000

REF: KYNA

An exceptional opportunity to acquire a portfolio of 76 secure basement car parking spaces in the heart of Manchester City Centre, within the highly desirable Southern Gateway.

This income-producing asset benefits from strong and growing demand, driven by a significant influx of new residential developments with limited parking provision.

Income generating from day one

Current rents at £250 PCM per space (with potential growth)

Approx. 8%+ net yield

Secure 24/7 access with CCTV

Long leasehold titles (150 years from 2002)

A rare, low-maintenance investment in one of the UK’s fastest-growing city centres, offering both immediate returns and long-term capital growth.

Location & Growth:

Located in one of Manchester’s most rapidly developing districts, the Southern Gateway is home to a wave of new residential towers, with further schemes underway including landmark buildings rising up to 77 storeys. The area is projected to accommodate circa 100,000 residents, significantly increasing demand for secure parking.

With many new developments offering limited or no parking, this asset is perfectly positioned to capitalise on the imbalance between supply and demand.

## Property Photos

- ![Photo](/listings/photos/87760170/99665)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 APARTMENT 77 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX | £207,500 | 04/08/2017 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 1 APARTMENT 147 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX | £210,000 | 19/12/2025 | Flat |
| [Same street] 1 APARTMENT 109 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX | £202,000 | 15/08/2025 | Flat |
| [Same street] 1 APARTMENT 104 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX | £201,000 | 01/12/2023 | Other |
| 5 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4PY | £810,000 | 18/08/2023 | Other |
| FLAT A507, 9 PARKING SPACE 57 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TN | £30,000 | 19/10/2022 | Other |
| 9 FLAT A307 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TN | £465,975 | 01/07/2022 | Other |
| HILL QUAYS G0-07 COMMERCIAL STREET, MANCHESTER, GREATER MANCHESTER, M15 4PZ | £680,000 | 02/03/2022 | Other |
| AXIS TOWER 9 FLAT 86 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD | £1,457,583 | 25/02/2022 | Other |
| AXIS TOWER 9 FLAT 86 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD | £1,457,583 | 25/02/2022 | Other |
| AXIS TOWER, 9 FLAT 124 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD | £1,457,583 | 25/02/2022 | Other |
| AXIS TOWER, 9 FLAT 87 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD | £1,457,583 | 25/02/2022 | Other |
| 10 - 12 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5WY | £8,700,000 | 06/10/2021 | Other |
| 3 - 11 LOWER GROUND FLOOR LITTLE PETER STREET, MANCHESTER, GREATER MANCHESTER, M15 4PS | £460,000 | 06/07/2021 | Other |
| AXIS TOWER, 9 FLAT 164 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD | £444,600 | 28/06/2021 | Other |
| AXIS TOWER, 9 FLAT 89 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD | £399,785 | 28/06/2021 | Other |

**Street average:** £204,333 (3 sales)
**Area average:** £1,485,058 (12 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £534,000 (1 Other, M15, 2024–2026)
- **Deviation:** +368.2%

## Rental Range

*ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,214/mo
- **Realistic:** £1,349/mo
- **Optimistic:** £1,484/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Richmond & Hambleton (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Jordan Street, M15 | £1,295/mo | 2 | 0.02 miles | OpenRent |
| 3 Bed Flat, Cambridge Street, M1 | £2,300/mo | 3 | 0.25 miles | OpenRent |

**Average rent: £1,798/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.07% (weak for cashflow)
- **Max investor price (0.8%):** £224,750
- **Target investor price (1%):** £179,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,798/mo).*

- **Gross yield:** 0.9%
- **Cost-to-rent:** 115.9×
- **Monthly cashflow:** £-8,252/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -13.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## House Price Index (HM Land Registry)

*Official index for Manchester; All dwelling types series; as of March 2026.*

- **1y growth (index):** 1.4%
- **5y growth (index):** 18.2%
- **10y growth (index):** 75.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

LEASEHOLD (2152 years remaining on lease)

Floor area

69 m²

Last sold

£207,500 Aug 2017

Local average

£534,000 (+368.2%)

Deprivation

Decile 8 (23,815 of 33,755)

Street crime

5 incidents within 1 mile (Apr 2026)

Key features

Offers Over £2,500,000 for bulk acquisition
Approx. 76 secure basement parking spaces
Current rents at £250 PCM per space
Strong 8%+ net yield with further growth potential
150-year leasehold
Secure underground car park
Full CCTV monitoring
Prime Location
REF: KYNA

Additional details

Parking: Yes

Description

For Sale: Prime Manchester City Centre Car Parking Portfolio – Offers Over £2,500,000
REF: KYNA

An exceptional opportunity to acquire a portfolio of 76 secure basement car parking spaces in the heart of Manchester City Centre, within the highly desirable Southern Gateway.

This income-producing asset benefits from strong and growing demand, driven by a significant influx of new residential developments with limited parking provision.

Income generating from day one

Current rents at £250 PCM per space (with potential growth)

Approx. 8%+ net yield

Secure 24/7 access with CCTV

Long leasehold titles (150 years from 2002)

A rare, low-maintenance investment in one of the UK’s fastest-growing city centres, offering both immediate returns and long-term capital growth.
Location & Growth:

Located in one of Manchester’s most rapidly developing districts, the Southern Gateway is home to a wave of new residential towers, with further schemes underway including landmark buildings rising up to 77 storeys. The area is projected to accommodate circa 100,000 residents, significantly increasing demand for secure parking.

With many new developments offering limited or no parking, this asset is perfectly positioned to capitalise on the imbalance between supply and demand.

Listed by

London

T Ash International Realty

Reference: 87760170

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event	Date	Price	% change
Sold	04/08/2017 (8 years ago)	£207,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
Same street 1 APARTMENT 147 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX	£210,000	19/12/2025	Flat
Same street 1 APARTMENT 109 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX	£202,000	15/08/2025	Flat
Same street 1 APARTMENT 104 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX	£201,000	01/12/2023	Other
5 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4PY	£810,000	18/08/2023	Other
FLAT A507, 9 PARKING SPACE 57 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TN	£30,000	19/10/2022	Other
9 FLAT A307 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TN	£465,975	01/07/2022	Other
HILL QUAYS G0-07 COMMERCIAL STREET, MANCHESTER, GREATER MANCHESTER, M15 4PZ	£680,000	02/03/2022	Other
AXIS TOWER 9 FLAT 86 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD	£1,457,583	25/02/2022	Other
AXIS TOWER 9 FLAT 86 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD	£1,457,583	25/02/2022	Other
AXIS TOWER, 9 FLAT 124 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD	£1,457,583	25/02/2022	Other
AXIS TOWER, 9 FLAT 87 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD	£1,457,583	25/02/2022	Other
10 - 12 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5WY	£8,700,000	06/10/2021	Other
3 - 11 LOWER GROUND FLOOR LITTLE PETER STREET, MANCHESTER, GREATER MANCHESTER, M15 4PS	£460,000	06/07/2021	Other
AXIS TOWER, 9 FLAT 164 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD	£444,600	28/06/2021	Other
AXIS TOWER, 9 FLAT 89 WHITWORTH STREET WEST, MANCHESTER, GREATER MANCHESTER, M1 5JD	£399,785	28/06/2021	Other

Street average: £204,333 (3 sales)

Area average: £1,485,058 (12 sales)

Capital growth trend

House Price Index (HM Land Registry — official index, not sold-price averages): Manchester. Series: All dwelling types. As of March 2026.

1y (index) 1.4%

5y (index) 18.2%

10y (index) 75.3%

Company ownership

Registered legal owner is a company.

Company-owned (UK company) Company-owned (Overseas company)

Company: BRICKLANE RESIDENTIAL REIT PLC (10301242)

Rental Range

Estimated market rent for Manchester. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,214/mo

Realistic £1,349/mo

Optimistic £1,484/mo

Based on Local Authority from postcode lookup → Manchester.

LHA (30th percentile) floor for Richmond & Hambleton: Apr 2025 – Mar 2026

Location

Map view View on Google Maps View on OpenStreetMap Street View M15 4QX

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	GT Auto's	0.0 miles
Train station	Deansgate	0.1 miles
Bus stop	Deansgate Station	0.1 miles
Shop	DPStanley Specialist Cars	0.1 miles
Bus stop	Medlock Street/City Road East	0.1 miles
Train station	Manchester Oxford Road	0.3 miles
University	Manchester Metropolitan University – All Saints Campus	0.4 miles
University	Manchester Metropolitan University	0.4 miles
Hospital	Manchester Royal Infirmary	1.2 miles
Hospital	Plymouth Grove Medical Centre	1.3 miles

Street-level crime

Category	Count
Violence and sexual offences	3
Other crime	1
Other theft	1
Total incidents	5

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
St Wilfrid's RC Primary School	Primary	0.4 miles	Good — 25 Jun 2023
St Philip's Church of England Primary School	Primary	0.4 miles	Good — 5 Feb 2014
The Manchester Metropolitan University	Other	0.5 miles	— (No rating)
Rolls Crescent Primary School	Primary	0.6 miles	Good — 20 May 2015
Martenscroft Nursery School & Children's Centre	Nursery	0.6 miles	Outstanding — 22 Jul 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Jordan Street, M15	£1,295/mo	2	0.02 miles	OpenRent
3 Bed Flat, Cambridge Street, M1	£2,300/mo	3	0.25 miles	OpenRent

Average rent: £1,798/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

This street 7.6% gross yield avg £204,333 sale, £1,295/mo rent

Rent ratio 0.07%

Max investor price (0.8%) £224,750

Target investor price (1%) £179,800

Gross yield 0.9%

Cost-to-rent ratio 115.9×

Monthly cashflow £-8,252/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -13.7%

This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).