# 2 bedroom apartment for sale (M15 4QG) ## Property Details | Key | Value | |-----|-------| | Address | 2 Chester Road, Manchester, M15, M15 4QG | | Price | £360,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | D | | Last sold | £250,000 | ## Description Located in one of Castlefield's most desired developments, this top-floor apartment comprises of almost 900 square feet of prime City Centre living. The development itself is just of Chester Road, with easy access into the City, or onto the Mancunian Way, giving you the entire City within easy driving distance, and Deansgate itself just a short walk. Entrance into the development is through a secure gated access point, with the apartment benefitting from an allocated parking space in the residents car park. To the ground floor there is a concierge, post room and lifts to all floors. Situated on the top floor of the building the first thing you will notice as you enter the apartment itself is how bright the space is, with a large entrance hallway leading through into the main living room space. This open living/dining room and kitchen is a fantastic size and allows you to enjoy the best of all three worlds in terms of relaxing, entertaining or cooking without feeling cramped. The apartment itself comes with an air conditioning system to the living room and bedroom, ideal for those warmer summer days! Via the living room sliding doors you can access the full width balcony space, with views over the locks, and into the City Centre, this is the perfect spot to relax at the end of the day, watching the world go by, without having your view blocked by another high rise! The kitchen is ample for all your white goods, and has plenty of work surface space, with wall mounted cupboards providing the extra storage. At the other end of the hallway you have the main bedroom with it's own dressing area and en-suite shower room, making this the perfect main suite, especially if you have guests. The second double bedroom sits in the middle, again with the excellent City Centre views, and across the hall is the main family bathroom suite. This houses a bath with shower over, WC and sink. An excellent opportunity to purchase in one of the nicest blocks in the area, get in touch today to arrange your viewing. ## Property Photos - ![Photo](/listings/photos/90924804/1900063) - ![Photo](/listings/photos/90924804/1900064) - ![Photo](/listings/photos/90924804/1900065) - ![Photo](/listings/photos/90924804/1900066) - ![Photo](/listings/photos/90924804/1900067) - ![Photo](/listings/photos/90924804/1900068) - ![Photo](/listings/photos/90924804/1900069) - ![Photo](/listings/photos/90924804/1900070) - ![Photo](/listings/photos/90924804/1900071) - ![Photo](/listings/photos/90924804/1900072) - ![Photo](/listings/photos/90924804/1900073) - ![Photo](/listings/photos/90924804/1900074) - ![Photo](/listings/photos/90924804/1900075) - ![Photo](/listings/photos/90924804/1900076) - ![Photo](/listings/photos/90924804/1900077) ## Floorplans - ![Floorplan 1](/listings/photos/90924804/1900078) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/90924804/1900079) - EPC 1 ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 1 APARTMENT 78 BLANTYRE STREET, MANCHESTER, GREATER MANCHESTER, M15 4JU | £175,000 | 26/02/2026 | Flat | | CASTLEGATE, 2 FLAT 507 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4QG | £350,000 | 09/01/2026 | Flat | | CASTLEGATE, 2 FLAT 410 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4QG | £210,000 | 08/01/2026 | Flat | | 141 FLAT 1901 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZG | £357,000 | 02/12/2025 | Flat | | 2A FLAT B603 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4SB | £430,000 | 20/05/2025 | Flat | | 141 FLAT 1108 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZF | £429,000 | 06/09/2024 | Flat | | 16 FLAT 1111 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZE | £420,000 | 18/12/2023 | Flat | | 16 FLAT 902 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZD | £400,000 | 12/12/2023 | Flat | | MIDDLE WAREHOUSE APARTMENT 412 CASTLE QUAY, MANCHESTER, GREATER MANCHESTER, M15 4NT | £200,500 | 07/12/2023 | Flat | | 141 FLAT 1512 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZG | £385,000 | 31/10/2023 | Flat | | 2A FLAT A606 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4SA | £279,000 | 10/08/2023 | Flat | | 386 FLAT 42 DEANSGATE, MANCHESTER, GREATER MANCHESTER, M3 4LB | £220,000 | 20/07/2023 | Flat | | 141 FLAT 1603 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZG | £263,900 | 12/05/2023 | Flat | | 16 FLAT 806 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZD | £295,000 | 12/01/2023 | Flat | | 16 FLAT 1604 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZE | £570,000 | 06/01/2023 | Flat | | 141 FLAT 2711 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZH | £420,000 | 21/12/2022 | Flat | | 16 FLAT 1506 SILVERCROFT STREET, MANCHESTER, GREATER MANCHESTER, M15 4ZE | £282,915 | 05/12/2022 | Flat | | 141 FLAT 708 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZF | £335,000 | 29/11/2022 | Flat | | 2A FLAT A607 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4SA | £424,950 | 18/11/2022 | Flat | | 141 FLAT 1912 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4ZG | £385,000 | 11/11/2022 | Flat | **Area average:** £341,613 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £234,126 (80 Flat, M15, 2024–2026) - **Deviation:** +53.8% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,229/mo - **Realistic:** £1,365/mo - **Optimistic:** £1,502/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Richmond & Hambleton (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £549/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, Chester Road, M15 | £2,300/mo | 2 | 0.04 miles | OpenRent | | 2 Bed Flat, Silvercroft Street, M15 | £1,950/mo | 2 | 0.07 miles | OpenRent | | 2 Bed Flat, Chester Road, M15 | £2,250/mo | 2 | 0.08 miles | OpenRent | | 2 Bed Flat, Elizabeth Tower, M15 | £2,000/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Deansgate, M3 | £1,800/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Silvercroft St, M15 | £2,300/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Flat, Blade Tower, M15 | £1,900/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Flat, Blade Tower, M15 | £2,200/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Flat, Silvercroft Street, M15 | £1,950/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Flat, Manchester, M15 | £2,100/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Flat, Silvercroft St, M15 | £2,300/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Flat, Whitworth Building, M3 | £1,495/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, Arundel Street, M15 | £1,650/mo | 2 | 0.24 miles | OpenRent | **Average rent: £2,015/mo (13 listings)** ## 1% Rule - **Rent ratio:** 0.56% (weak for cashflow) - **Max investor price (0.8%):** £250,000 - **Target investor price (1%):** £200,000 *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 £2,000/mo).* - **Gross yield:** 6.7% - **Cost-to-rent:** 15× - **Monthly cashflow:** £357/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 4.1% *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:** -25.2% - **10y growth:** 24.4% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of May 2026.* - **1y growth (index):** -2% - **5y growth (index):** 9.1% - **10y growth (index):** 56.3% ## 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)