# 2 bedroom apartment for sale (M1 3AR) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 505, CARDING BUILDING, 42, WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER M1 3AR | | Price | £390,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | E | | Last sold | £375,000 Sep 2023 | ## Description Discover modern city living in this beautifully presented two-bedroom, two-bathroom apartment within the Carding Building, part of the desirable Manchester New Square development, M1 3AR. This FIFTH FLOOR contemporary residence offers a well-designed living space, perfect for urban professionals or those seeking a vibrant city lifestyle. The reception room provides an inviting area for relaxation and entertaining, with a bright and airy feel. The apartment features two comfortable bedrooms, complemented by two modern bathrooms, ensuring convenience and privacy. Enjoy the benefits of electric heating and mains electricity and water supply. Ultrafast FTTP broadband is available, ideal for remote working or entertainment. Residents benefit from access to attractive communal gardens offering a pleasant outdoor retreat within the development, 24/7 concierge and on site residents gym. Its prime location within Manchester New Square places you at the heart of city life, with excellent access to local amenities, transport links such as Piccadilly & Oxford Road Stations and cultural attractions. This modern apartment provides a superb opportunity to live in a highly sought-after Manchester location. **Leaseholder Information** Tenure: Leasehold Ground Rent : Peppercorn Lease Length : 250 years from 2018 Service Charge - £3599.97 Per Annum  Management Company : Zenith  Council Tax Band: E Broadband  : FTTP Connection available, line active Water : Connect to mains water and drainage, supplied by United Utilities on a meter  Electricity : Connected to main electric, supplied by British Gas  Construction: EWS1 In Place - Built to current regulations  ## Property Photos - ![Photo](/listings/photos/173059286/235515) - ![Photo](/listings/photos/173059286/235516) - ![Photo](/listings/photos/173059286/235517) - ![Photo](/listings/photos/173059286/235518) - ![Photo](/listings/photos/173059286/235519) - ![Photo](/listings/photos/173059286/235520) - ![Photo](/listings/photos/173059286/235521) - ![Photo](/listings/photos/173059286/235522) - ![Photo](/listings/photos/173059286/235523) - ![Photo](/listings/photos/173059286/235524) - ![Photo](/listings/photos/173059286/235525) - ![Photo](/listings/photos/173059286/235526) - ![Photo](/listings/photos/173059286/235527) - ![Photo](/listings/photos/173059286/235528) - ![Photo](/listings/photos/173059286/235529) - ![Photo](/listings/photos/173059286/235530) - ![Photo](/listings/photos/173059286/235531) - ![Photo](/listings/photos/173059286/235532) - ![Photo](/listings/photos/173059286/235533) - ![Photo](/listings/photos/173059286/235534) - ![Photo](/listings/photos/173059286/235535) - ![Photo](/listings/photos/173059286/235536) - ![Photo](/listings/photos/173059286/235537) - ![Photo](/listings/photos/173059286/235538) - ![Photo](/listings/photos/173059286/235539) ## Floorplans - ![Floorplan 1](/listings/photos/173059286/235540) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/173059286/235541) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | CARDING BUILDING, 42 FLAT 505 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £375,000 | 13/09/2023 | 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 | |---------|-------|------|------| | CARDING BUILDING, 42 FLAT 406 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £230,000 | 16/12/2025 | Flat | | 55 - 57 APARTMENT 8 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NT | £263,000 | 14/08/2025 | Flat | | 55 - 57 APARTMENT 38 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NT | £315,750 | 25/06/2025 | Flat | | SACKVILLE PLACE FLAT 19 BOMBAY STREET, MANCHESTER, GREATER MANCHESTER, M1 7AT | £180,000 | 14/03/2025 | 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 | | SACKVILLE PLACE FLAT 25 BOMBAY STREET, MANCHESTER, GREATER MANCHESTER, M1 7AT | £250,000 | 08/11/2023 | Flat | | WHITWORTH HOUSE, 53 FLAT 25 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3WS | £237,500 | 13/10/2023 | Flat | | VENICE COURT APARTMENT 28 SAMUEL OGDEN STREET, MANCHESTER, GREATER MANCHESTER, M1 7AX | £116,000 | 29/09/2023 | Flat | | CITY HEIGHTS, 1 APARTMENT 25 SAMUEL OGDEN STREET, MANCHESTER, GREATER MANCHESTER, M1 7AX | £380,000 | 08/09/2023 | Flat | | CALICO BUILDING, 46 FLAT 502 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AX | £375,000 | 06/09/2023 | Flat | | LINTER BUILDING, 44 FLAT 305 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AJ | £358,850 | 06/09/2023 | Flat | | BOMBAY HOUSE, 59 FLAT 20 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AB | £475,000 | 04/09/2023 | 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 | **Area average:** £314,313 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £268,224 (61 Flat, M1, 2024–2026) - **Deviation:** +45.4% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,222/mo - **Realistic:** £1,358/mo - **Optimistic:** £1,494/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 | |------|------|------|------|------| | [Store Street, Manchester, Greater Manchester, M1](http://87.117.209.195:8080/listings/2dc6174) | £1,650/mo | 2 | 0.57 miles | Rightmove | **Average rent: £1,650/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.42% (weak for cashflow) - **Max investor price (0.8%):** £206,250 - **Target investor price (1%):** £165,000 *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 £1,650/mo).* - **Gross yield:** 5.1% - **Cost-to-rent:** 19.7× - **Monthly cashflow:** £-76/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -0.8% *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:** -0.7% - **10y growth:** 25.6% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -1.4% - **5y growth (index):** 8.8% - **10y growth (index):** 57% ## 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)