Sold STC Flat

APARTMENT 149

THE QUADRANGLE, 1, LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER M1 5QD

1 beds 1 baths 700 sq ft Listed 19 Jun 2024 (-739d)

£200,000

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General Exterior

General Exterior Living Area Kitchen Area Bedroom Entrance Hall Ensuite Bathroom Dressing Room Separate WC

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Property details

Tenure

LEASEHOLD

Floor area

65 m²

Council tax band

C

EPC rating

C

Year built

England and Wales: 2003-2006

Last sold

£185,000 Apr 2025

Price per m²

£3,077/m²

Local average

£280,070 (-28.6%)

Deprivation

Decile 6 (17,043 of 33,755)

Street crime

5 incidents within 1 mile (Apr 2026)

Key features

  • Spacious 1 bedroom apartment
  • Level 7 of the popular Quadrangle development
  • Large living area with open-plan kitchen
  • Double bedroom
  • Separate Dressing Room & Ensuite Bathroom
  • Cloakroom/WC
  • Secure parking space
  • EWS1 form available (B1 rating)
  • Leasehold
  • EPC Rating C

Additional details

Parking
Yes

Description

This impressive 1 bedroom apartment (complete with secure parking space) is of a larger than usual design with a spacious living area/kitchen, double bedroom, separate dressing room, ensuite bathroom and further WC/cloakroom. Within the desirable Quadrangle development just off Oxford Road, with concierge facility. Easy access to universities and city centre. EPC Rating C.


IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

MCC240348/2

Listed by

Manchester

Favsco 23 Ltd - LSL Franchise

Reference: 149354447

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 15/06/2023

Expiry date: 14/06/2033

Current heating cost: £504/year

Potential heating cost: £206/year

Est. upgrade cost to C: £1,000

Recommendations

  • High heat retention storage heaters and dual immersion cylinder (£800 - £1,200)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

Event Date Price % change
Sold 11/04/2025 (1 year ago) £185,000 —

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
THE QUADRANGLE, 1 APARTMENT 226 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QE £410,000 05/12/2025 Flat
LOCKES YARD, 4 APARTMENT 8 GREAT MARLBOROUGH STREET, MANCHESTER, GREATER MANCHESTER, M1 5AL £272,000 31/10/2025 Flat
LINCOLN PLACE, 7 APARTMENT 8 HULME STREET, MANCHESTER, GREATER MANCHESTER, M1 5GL £165,000 12/09/2024 Flat
Same street THE QUADRANGLE, 1 APARTMENT 125 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QD £225,000 19/12/2023 Flat
THE QUADRANGLE, 1 APARTMENT 156 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QE £218,500 31/08/2023 Flat
THE QUADRANGLE, 1 APARTMENT 16 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QF £151,069 19/07/2023 Flat
Same street THE QUADRANGLE, 1 APARTMENT 121 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QD £151,069 15/07/2023 Flat
Same street THE QUADRANGLE, 1 APARTMENT 144 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QD £190,000 19/05/2023 Flat
Same street THE QUADRANGLE, 1 APARTMENT 52 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QD £180,000 14/03/2023 Flat
THE QUADRANGLE, 1 APARTMENT 201 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QE £317,500 28/02/2023 Flat
LINCOLN PLACE, 7 APARTMENT 6 HULME STREET, MANCHESTER, GREATER MANCHESTER, M1 5GL £190,250 09/12/2022 Flat
1 APARTMENT 6 RIVER STREET, MANCHESTER, GREATER MANCHESTER, M1 5BB £233,000 23/11/2022 Flat
THE QUADRANGLE, 1 APARTMENT 5 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QF £300,000 11/11/2022 Flat
LOCKES YARD APARTMENT 34 GREAT MARLBOROUGH STREET, MANCHESTER, GREATER MANCHESTER, M1 5AL £211,500 10/11/2022 Flat
Same street THE QUADRANGLE, 1 APARTMENT 90 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QD £237,000 04/11/2022 Flat
LINCOLN PLACE, 7 APARTMENT 16 HULME STREET, MANCHESTER, GREATER MANCHESTER, M1 5GL £190,000 15/07/2022 Flat
LINCOLN PLACE, 7 APARTMENT 14 HULME STREET, MANCHESTER, GREATER MANCHESTER, M1 5GL £130,000 17/06/2022 Flat
OXFORD PLACE, 7 FLAT 22 OXFORD ROAD, MANCHESTER, GREATER MANCHESTER, M1 6EY £395,500 10/06/2022 Flat
LOCKES YARD, 4 APARTMENT 28 GREAT MARLBOROUGH STREET, MANCHESTER, GREATER MANCHESTER, M1 5AL £214,000 01/06/2022 Flat
LINCOLN PLACE, 7 APARTMENT 23 HULME STREET, MANCHESTER, GREATER MANCHESTER, M1 5GL £220,000 03/05/2022 Flat
SALLYS YARD, 9 FLAT 8 HULME STREET, MANCHESTER, GREATER MANCHESTER, M1 5GL £155,000 14/04/2022 Flat
1 APARTMENT 1 RIVER STREET, MANCHESTER, GREATER MANCHESTER, M1 5BB £180,000 18/03/2022 Flat
1 APARTMENT 19 RIVER STREET, MANCHESTER, GREATER MANCHESTER, M1 5BB £225,000 25/02/2022 Flat
1 APARTMENT 6 RIVER STREET, MANCHESTER, GREATER MANCHESTER, M1 5BB £180,000 16/12/2021 Flat
OXFORD PLACE, 7 FLAT 9 OXFORD ROAD, MANCHESTER, GREATER MANCHESTER, M1 6EY £250,000 16/12/2021 Flat

Street average: £196,614 (5 sales)

Area average: £230,416 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -7.4%
10y growth 17.1%

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

1y (index) -1.4%
5y (index) 9.1%
10y (index) 58.9%

Rental Range

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

Low £1,217/mo
Realistic £1,352/mo
Optimistic £1,487/mo

Based on Local Authority from postcode lookup → Manchester.

LHA (30th percentile) floor for West Pennine: £399/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M1 5QD

Address

Chester Street

Nearby

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

Type Name Distance
Shop Ivy Nails 0.0 miles
Shop Manchester Souvenirs & Convenience 0.0 miles
Bus stop Chester Street/Oxford Road 0.0 miles
Bus stop Manchester City Centre, Oxford Road / Chester Street (Stop C) 0.0 miles
Train station Manchester Oxford Road 0.1 miles
University Manchester School of Art 0.3 miles
University UCEN Manchester (Shena Simon Campus) 0.4 miles
Train station Deansgate 0.5 miles
Hospital The Ailsa Craig Medical Practise 1.8 miles
Hospital Shiv Lodge Medical Centre 1.9 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
The Manchester Metropolitan University Other 0.1 miles — (No rating)
Royal Northern College of Music Other 0.3 miles — (No rating)
St Philip's Church of England Primary School Primary 0.3 miles Good — 5 Feb 2014
University of Manchester Other 0.4 miles — (No rating)
Martenscroft Nursery School & Children's Centre Nursery 0.4 miles Outstanding — 22 Jul 2024

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
1 Bed Flat, Carding Building, M1 £1,500/mo 1 0.28 miles OpenRent
1 Bed Flat, Linter Building, M1 £1,400/mo 1 0.29 miles OpenRent

Average rent: £1,450/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.73%
Max investor price (0.8%) £181,250
Target investor price (1%) £145,000
Gross yield 8.7%
Cost-to-rent ratio 11.5×
Monthly cashflow £492/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 10.2%
  • 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).
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