Sold Flat

Apartment 14

VELVET COURT, GRANBY ROW, MANCHESTER, GREATER MANCHESTER M1 7AB

1 beds 1 baths 409 sq ft Listed 31 May 2026 (-13d)

£140,000

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# 1 bedroom apartment for sale (M1 7AB)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 14, VELVET COURT, GRANBY ROW, MANCHESTER, GREATER MANCHESTER M1 7AB |
| Price | £140,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1991-1995 |
| Floor area | 38 m² |
| Last sold | £120,000 Dec 2025 |

## Description

"**Fully Managed M1 Manchester City Centre Apartment – 7% Rental Yields | Turnkey Investment Opportunity**

This modern residential opportunity delivers stylish apartments and quality resident facilities in a fast-evolving city centre district, in the heart of Manchester's commercial core.

With strong tenant appeal, high-spec interiors, and a strategic location close to the major Northern Quarter & Piccadilly regeneration zone and the city’s main business district, this development offers a compelling opportunity to invest in premium property with 7%+ projected returns.

This property is available to buy-to-let investors and owner-occupiers.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.

The Investment

This city-fringe investment opportunity provides direct access to a growing rental hotspot on the edge of Manchester’s central business and retail districts.

Designed for strong, sustainable demand from young professionals and students, the combination of high-quality spec, professional management, and strong projected returns make it well suited to investors seeking a hands-off, income-focused asset.

The Location

Located within walking distance of Manchester's main business district, Manchester's core shopping areas including the Arndale and the Northern Quarter independents, and Manchester Cathedral and Piccadilly Gardens, the development sits in an area undergoing rapid transformation.

Its proximity to the Northern Quarter & Piccadilly regeneration zone also brings ongoing improvements to local amenities, public realm, and employment options, supporting both rental demand and long-term capital growth potential.

The Apartments

A choice of contemporary layouts is available, from efficient studios to well-balanced one and two-bedroom apartments.

Interiors are designed around flexible living, with defined zones for cooking, dining, and relaxing, plus smart storage that make the most of every square foot.

The Development

The apartments form part of a well-presented residential block designed to offer convenience, security, and comfort just outside the busiest part of the city centre.

Efficient building systems, managed communal areas, and a professional management structure help support lasting tenant satisfaction and therefore rental performance.

Key onsite facilities include:

Secure entry system and monitored communal areasLift access serving all main residential levelsWell-maintained corridors and lobby spacesDedicated bicycle storage

Why Invest?

7%+ projected rental returns in a growing district on the city centre edgeStrong appeal to young professionals and students seeking modern, well-located apartmentsNorthern Quarter & Piccadilly regeneration zone - major ongoing investment hubFully hands-off structure with professional management for the day-to-day availableContemporary, high-spec apartments in a quality building offering resilient, long-term rental demand

Enquire now to secure your unit and receive a full investment breakdown."

## Property Photos

- ![Photo](/listings/photos/89118090/595574)
- ![Photo](/listings/photos/89118090/595575)
- ![Photo](/listings/photos/89118090/595577)
- ![Photo](/listings/photos/89118090/595578)
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- ![Photo](/listings/photos/89118090/595581)
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- ![Photo](/listings/photos/89118090/595589)

## Floorplans

- ![Floorplan 1](/listings/photos/89118090/595595) - Floorplan 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| VELVET COURT APARTMENT 14 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £120,000 | 18/12/2025 | 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 |
|---------|-------|------|------|
| CARDING BUILDING, 42 FLAT 406 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £230,000 | 16/12/2025 | Flat |
| VELVET HOUSE, 60 APARTMENT 22 SACKVILLE STREET, MANCHESTER, GREATER MANCHESTER, M1 3WE | £166,500 | 28/11/2025 | 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 |
| VELVET COURT APARTMENT 3 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £206,500 | 23/01/2025 | 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 |
| VELVET COURT APARTMENT 55 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £178,000 | 21/12/2023 | 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 |
| CARDING BUILDING, 42 FLAT 505 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR | £375,000 | 13/09/2023 | 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 |
| BOMBAY HOUSE, 59 FLAT 20 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AB | £475,000 | 04/09/2023 | Flat |
| VELVET COURT APARTMENT 41 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £180,000 | 30/06/2023 | Flat |
| REGENCY HOUSE, 36 - 38 FLAT 1 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NR | £223,000 | 09/05/2023 | Flat |
| 115 FLAT 403 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6JB | £199,950 | 17/03/2023 | Flat |
| CALICO BUILDING, 46 FLAT 203 WHITWORTH STREET, MANCHESTER, BOLTON, GREATER MANCHESTER, M1 3AX | £354,000 | 10/02/2023 | Flat |

**Area average:** £272,260 (20 sales)

## Price vs local average

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

- **Local average:** £291,831 (53 Flat, M1, 2024–2026)
- **Deviation:** -52%

## 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 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, The Quadrangle, M1 | £1,200/mo | 1 | 0.27 miles | OpenRent |

**Average rent: £1,200/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.86% (okay)
- **Max investor price (0.8%):** £150,000
- **Target investor price (1%):** £120,000

*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 £1,200/mo).*

- **Gross yield:** 10.3%
- **Cost-to-rent:** 9.7×
- **Monthly cashflow:** £504/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 14.9%

*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:** £3,684/m²

## Capital growth trend

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

- **5y growth:** -6.1%
- **10y growth:** 31.4%

## 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)

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Property details

Tenure

LEASEHOLD

Floor area

38 m²

Year built

England and Wales: 1991-1995

Last sold

£120,000 Dec 2025

Price per m²

£3,684/m²

Local average

£291,831 (-52%)

Deprivation

Decile 6 (17,043 of 33,755)

Street crime

4 incidents within 1 mile (Apr 2026)

Key features

Projected rental returns of 7%+
Attractive long-term capital growth outlook
Key Manchester regeneration area
Hands-off property investment
In-demand rental location
Sustainable eco-friendly tech
Close to Manchester Cathedral and Piccadilly Gardens
Award-winning UK property developer
On-site rental company
Enquire now to receive an info pack and full financial breakdown

Additional details

Garden: Yes

Description

"Fully Managed M1 Manchester City Centre Apartment – 7% Rental Yields | Turnkey Investment Opportunity

This modern residential opportunity delivers stylish apartments and quality resident facilities in a fast-evolving city centre district, in the heart of Manchester's commercial core.

With strong tenant appeal, high-spec interiors, and a strategic location close to the major Northern Quarter & Piccadilly regeneration zone and the city’s main business district, this development offers a compelling opportunity to invest in premium property with 7%+ projected returns.

This property is available to buy-to-let investors and owner-occupiers.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.

The Investment

This city-fringe investment opportunity provides direct access to a growing rental hotspot on the edge of Manchester’s central business and retail districts.

Designed for strong, sustainable demand from young professionals and students, the combination of high-quality spec, professional management, and strong projected returns make it well suited to investors seeking a hands-off, income-focused asset.

The Location

Located within walking distance of Manchester's main business district, Manchester's core shopping areas including the Arndale and the Northern Quarter independents, and Manchester Cathedral and Piccadilly Gardens, the development sits in an area undergoing rapid transformation.

Its proximity to the Northern Quarter & Piccadilly regeneration zone also brings ongoing improvements to local amenities, public realm, and employment options, supporting both rental demand and long-term capital growth potential.

The Apartments

A choice of contemporary layouts is available, from efficient studios to well-balanced one and two-bedroom apartments.

Interiors are designed around flexible living, with defined zones for cooking, dining, and relaxing, plus smart storage that make the most of every square foot.

The Development

The apartments form part of a well-presented residential block designed to offer convenience, security, and comfort just outside the busiest part of the city centre.

Efficient building systems, managed communal areas, and a professional management structure help support lasting tenant satisfaction and therefore rental performance.

Key onsite facilities include:

Secure entry system and monitored communal areasLift access serving all main residential levelsWell-maintained corridors and lobby spacesDedicated bicycle storage

Why Invest?

7%+ projected rental returns in a growing district on the city centre edgeStrong appeal to young professionals and students seeking modern, well-located apartmentsNorthern Quarter & Piccadilly regeneration zone - major ongoing investment hubFully hands-off structure with professional management for the day-to-day availableContemporary, high-spec apartments in a quality building offering resilient, long-term rental demand

Enquire now to secure your unit and receive a full investment breakdown."

Listed by

Manchester

RW Invest North Ltd

Reference: 89118090

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
Apartment 10 Velvet Court, Granby Row, MANCHESTER	80	80	40 m²	England and Wales: 1996-2002	Flat
Apartment 11, Velvet Court, Granby Row, MANCHESTER	80	85	52 m²	England and Wales: 1996-2002	Flat
Apartment 12 Velvet Court, Granby Row, MANCHESTER	71	81	75 m²	England and Wales: 1950-1966	Flat
APARTMENT 13, VELVET COURT, GRANBY ROW, MANCHESTER	80	83	37 m²	England and Wales: 1991-1995	Flat
Apartment 14, Velvet Court, Granby Row, MANCHESTER	80	82	38 m²	England and Wales: 1991-1995	Flat
Apartment 15 Velvet Court, Granby Row, MANCHESTER	79	83	38 m²	England and Wales: 1991-1995	Flat
Apartment 16 Velvet Court, Granby Row, MANCHESTER	71	79	58 m²	England and Wales: 1991-1995	Flat
Apartment 18 Velvet Court, Granby Row, MANCHESTER	81	83	39 m²	England and Wales: 1983-1990	Flat
Apartment 20 Velvet Court, Granby Row, MANCHESTER	70	79	55 m²	England and Wales: 1996-2002	Flat
Apartment 21 Velvet Court, Granby Row, MANCHESTER	78	80	91 m²	England and Wales: 1991-1995	Flat
Apartment 22 Velvet Court, Granby Row, MANCHESTER	77	80	74 m²	England and Wales: 1983-1990	Flat
Apartment 23 Velvet Court, Granby Row, MANCHESTER	78	83	35 m²	England and Wales: 1983-1990	Flat
Apartment 23, Velvet Court, Granby Row, MANCHESTER	77	82	39 m²	England and Wales: 1991-1995	Flat
Apartment 24, Velvet Court, Granby Row, MANCHESTER	77	80	37 m²	England and Wales: 1991-1995	Flat
Apartment 25 Velvet Court, Granby Row, MANCHESTER	80	82	39 m²	England and Wales: 1991-1995	Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Price history

Event	Date	Price	% change
Sold	18/12/2025 (5 months ago)	£120,000	—

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
CARDING BUILDING, 42 FLAT 406 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR	£230,000	16/12/2025	Flat
VELVET HOUSE, 60 APARTMENT 22 SACKVILLE STREET, MANCHESTER, GREATER MANCHESTER, M1 3WE	£166,500	28/11/2025	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
VELVET COURT APARTMENT 3 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB	£206,500	23/01/2025	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
VELVET COURT APARTMENT 55 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB	£178,000	21/12/2023	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
CARDING BUILDING, 42 FLAT 505 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AR	£375,000	13/09/2023	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
BOMBAY HOUSE, 59 FLAT 20 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3AB	£475,000	04/09/2023	Flat
VELVET COURT APARTMENT 41 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB	£180,000	30/06/2023	Flat
REGENCY HOUSE, 36 - 38 FLAT 1 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3NR	£223,000	09/05/2023	Flat
115 FLAT 403 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6JB	£199,950	17/03/2023	Flat
CALICO BUILDING, 46 FLAT 203 WHITWORTH STREET, MANCHESTER, BOLTON, GREATER MANCHESTER, M1 3AX	£354,000	10/02/2023	Flat

Area average: £272,260 (20 sales)

Capital growth trend

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

5y growth -6.1%

10y growth 31.4%

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 £1,214/mo

Realistic £1,349/mo

Optimistic £1,484/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 7AB

Address

Granby Row

Nearby

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

Type	Name	Distance
Bus stop	Manchester City Centre, Sackville Street / opposite University of Manchester	0.0 miles
Bus stop	Manchester City Centre, Sackville Street / near University of Manchester	0.0 miles
Shop	Sackville Super Store	0.1 miles
Shop	The Whitworth Street Creative Studio	0.1 miles
University	UCEN Manchester (Shena Simon Campus)	0.1 miles
Train station	Manchester Oxford Road	0.3 miles
Train station	Manchester Piccadilly	0.3 miles
University	University of Law	0.4 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	2
Other crime	1
Other theft	1
Total incidents	4

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	0.4 miles	— (No rating)
Royal Northern College of Music	Other	0.5 miles	— (No rating)
University of Manchester	Other	0.5 miles	— (No rating)
Abbey College Manchester	Other	0.5 miles	— (No rating)
Co-Op Academy Medlock	Primary	0.6 miles	Requires improvement — 23 Jan 2022

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, The Quadrangle, M1	£1,200/mo	1	0.27 miles	OpenRent

Average rent: £1,200/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.86%

Max investor price (0.8%) £150,000

Target investor price (1%) £120,000

Gross yield 10.3%

Cost-to-rent ratio 9.7×

Monthly cashflow £504/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 14.9%

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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