# 2 bedroom apartment for sale (M1 3NB) ## Property Details | Key | Value | |-----|-------| | Address | Manchester, (M1), M1 3NB | | Price | £400,000 | | Bedrooms | 2 | | Bathrooms | 2 | ## Description Overview A spacious two-bedroom, two-bathroom apartment located in M1, Manchester, offering contemporary city-centre living and an attractive investment opportunity. With reservations available from just £2,500, a projected 6% gross rental yield, 5% net rental yield and strong local rental demand, this property is ideal for investors seeking a high-quality home with excellent long-term potential. Key Features: • 2-Bedroom, 2-Bathroom Apartment • Reserve from £2,500 • 15% on Exchange • 6% Gross Rental Yield • 5% Net Rental Yield • Strong Rental Demand • Premium M1 Manchester Location The Investment This two-bedroom, two-bathroom apartment presents an excellent investment opportunity, offering a projected 6% gross rental yield and 5% net rental yield. Investors can reserve from just £2,500, followed by 15% payable on exchange, providing an accessible investment structure with attractive projected rental returns and strong long-term potential. The Location Situated in M1, Manchester, the development benefits from a premium and highly sought-after city-centre location, offering excellent access to major employment hubs, Manchester's business district, universities, shopping destinations, restaurants, bars and entertainment venues. M1 benefits from strong rental demand, particularly from professionals and students seeking convenient city-centre accommodation. Excellent transport connections and Manchester's continued economic growth and regeneration further enhance the area's appeal to both residents and investors. The Apartments The development offers contemporary two-bedroom, two-bathroom apartments designed for modern city living. Each home features stylish interiors, spacious layouts and high-quality finishes, creating desirable living spaces for professionals, sharers, families and investors. The two-bathroom layout provides additional convenience and privacy, making these apartments particularly attractive to sharers and professional tenants. The Development Designed with modern lifestyles in mind, the development offers high-quality apartments in a premium M1 location. Residents benefit from a range of premium on-site amenities, including: • Fully Equipped Gym • Residents’ Lounge • Co-Working Spaces • Concierge Service • Rooftop Garden The combination of contemporary design, premium resident facilities, excellent city-centre connectivity and strong rental demand creates a desirable living environment for residents while providing investors with an attractive opportunity in Manchester's growing property market. Why Invest? M1 offers strong potential for property investors, supported by Manchester's continued economic growth, regeneration and high demand for quality city-centre rental accommodation. Investment highlights include: • 2-Bedroom, 2-Bathroom Apartment • 6% Gross Rental Yield • 5% Net Rental Yield • Reserve from £2,500 • 15% on Exchange • Strong Rental Demand • Premium M1 Manchester Location • Strong Long-Term Investment Potential • Fully Equipped Gym • Residents’ Lounge • Co-Working Spaces • Concierge Service • Rooftop Garden Secure Your Investment Enquire today to secure your two-bedroom, two-bathroom apartment in M1, Manchester and receive a full investment pack, including pricing, payment terms, floor plans and projected returns. ## Property Photos - ![Photo](/listings/photos/92532438/2088084) - ![Photo](/listings/photos/92532438/2088085) - ![Photo](/listings/photos/92532438/2088086) - ![Photo](/listings/photos/92532438/2088087) - ![Photo](/listings/photos/92532438/2088088) - ![Photo](/listings/photos/92532438/2088089) - ![Photo](/listings/photos/92532438/2088090) - ![Photo](/listings/photos/92532438/2088091) ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | CARDING BUILDING, 42 FLAT 406 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £230,000 | 16/12/2025 | Flat | | CARDING BUILDING, 42 FLAT 304 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £360,000 | 20/12/2024 | Flat | | CARDING BUILDING, 42 FLAT 903 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AT | £380,000 | 07/11/2024 | Flat | | LINTER BUILDING, 44 FLAT 603 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £392,160 | 08/12/2023 | Flat | | LINTER BUILDING, 44 FLAT 409 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £260,000 | 21/11/2023 | Flat | | CARDING BUILDING, 42 FLAT 505 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £375,000 | 13/09/2023 | Flat | | LINTER BUILDING, 44 FLAT 305 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £358,850 | 06/09/2023 | Flat | | LINTER BUILDING, 44 FLAT 206 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £340,000 | 04/08/2023 | Flat | | LINTER BUILDING, 44 FLAT 1106 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AW | £400,000 | 11/07/2023 | Flat | | LINTER BUILDING, 44 FLAT 706 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AW | £370,000 | 31/05/2023 | Flat | | LINTER BUILDING, 44 FLAT 1009 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AW | £380,000 | 12/05/2023 | Flat | | REGENCY HOUSE, 36 - 38 FLAT 1 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NR | £223,000 | 09/05/2023 | Flat | | LINTER BUILDING, 44 FLAT 611 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £403,000 | 05/05/2023 | Flat | | LINTER BUILDING, 44 FLAT 207 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £365,702 | 17/03/2023 | Flat | | LINTER BUILDING, 44 FLAT 906 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AW | £380,000 | 15/03/2023 | Flat | | REGENCY HOUSE, 36 - 38 FLAT 21 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NR | £285,000 | 09/02/2023 | Flat | | LINTER BUILDING, 44 FLAT 401 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £405,000 | 02/02/2023 | Flat | | LINTER BUILDING, 44 FLAT 1405 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AW | £428,025 | 13/01/2023 | Flat | | CARDING BUILDING, 42 FLAT 405 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £374,000 | 16/12/2022 | Flat | | CARDING BUILDING, 42 FLAT 1302 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AT | £420,000 | 16/12/2022 | Flat | **Area average:** £356,487 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £267,488 (63 Flat, M1, 2024–2026) - **Deviation:** +49.5% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,236/mo - **Realistic:** £1,373/mo - **Optimistic:** £1,510/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for West Pennine (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £449/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Charlotte Street, M1 | £4,000/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, Charlotte Street, M1 | £4,000/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, Manchester, M1 | £4,000/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, Charlotte Street, M1 | £1,995/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, Dickinson Street, M1 | £1,300/mo | 2 | 0.21 miles | OpenRent | | 2 Bed Flat, Dickinson Street, M1 | £1,599/mo | 2 | 0.21 miles | OpenRent | | 2 Bed Penthouse, Newton Street, M1 | £1,400/mo | 2 | 0.47 miles | OpenRent | | 2 Bed Flat, Anita St, M4 | £1,475/mo | 2 | 0.63 miles | OpenRent | **Average rent: £2,471/mo (8 listings)** ## 1% Rule - **Rent ratio:** 0.45% (weak for cashflow) - **Max investor price (0.8%):** £224,625 - **Target investor price (1%):** £179,700 *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 £1,797/mo).* - **Gross yield:** 5.4% - **Cost-to-rent:** 18.5× - **Monthly cashflow:** £17/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 0.2% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 6.4% - **10y growth:** 45.4% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of July 2026.* - **1y growth (index):** -0.9% - **5y growth (index):** 12.1% - **10y growth (index):** 56.7% ## 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)