# 1 bedroom apartment for sale (M1 5QD)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 149, THE QUADRANGLE, 1, LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER M1 5QD |
| Price | £200,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | C |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 65 m² |
| Last sold | £185,000 Apr 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Expiry date:** 14/06/2033
- **Current heating cost:** £504/year
- **Est. upgrade cost to C:** £1,000

### Recommendations
- L2 (£800 - £1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9154-3027-7206-7097-6200)

## 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

## Property Photos

- ![General Exterior](/listings/photos/149354447/747563) - General Exterior
- ![Living Area](/listings/photos/149354447/747564) - Living Area
- ![Kitchen Area](/listings/photos/149354447/747565) - Kitchen Area
- ![Bedroom](/listings/photos/149354447/747566) - Bedroom
- ![Entrance Hall](/listings/photos/149354447/747567) - Entrance Hall
- ![Ensuite Bathroom](/listings/photos/149354447/747568) - Ensuite Bathroom
- ![Dressing Room](/listings/photos/149354447/747569) - Dressing Room
- ![Separate WC](/listings/photos/149354447/747570) - Separate WC

## Floorplans

- ![Floorplan](/listings/photos/149354447/747571) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/149354447/747572) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE QUADRANGLE, 1 APARTMENT 149 LOWER ORMOND STREET, MANCHESTER, GREATER MANCHESTER, M1 5QD | £185,000 | 11/04/2025 | 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 |
|---------|-------|------|------|
| 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)

## Price vs local average

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

- **Local average:** £280,070 (52 Flat, M1, 2024–2026)
- **Deviation:** -28.6%

## Rental Range

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

- **Low:** £1,217/mo
- **Realistic:** £1,352/mo
- **Optimistic:** £1,487/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for West Pennine (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £399/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 |
|------|------|------|------|------|
| 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)**

## 1% Rule

- **Rent ratio:** 0.73% (weak for cashflow)
- **Max investor price (0.8%):** £181,250
- **Target investor price (1%):** £145,000

*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 £1,450/mo).*

- **Gross yield:** 8.7%
- **Cost-to-rent:** 11.5×
- **Monthly cashflow:** £492/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.2%

*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).*

## Price per Square Metre

- **£/m²:** £3,077/m²

## Capital growth trend

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

- **5y growth:** -7.4%
- **10y growth:** 17.1%

## House Price Index (HM Land Registry)

*Official index for Manchester; Flats and maisonettes series; as of March 2026.*

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

## 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)