# 2 bedroom apartment for sale (M4 4JR) ## Property Details | Key | Value | |-----|-------| | Address | Ancoats Gardens, 30 Bendix Street, Manchester, M4, M4 4JR | | Price | £390,000 | | Bedrooms | 2 | | Bathrooms | 2 | ## Description Projected returns of 7% + Strong capital growth – Ancoats Gardens is one of Manchester’s top investment opportunities. Positioned in a high-demand rental zone and completed with premium resident facilities, this development offers long-term performance and lifestyle appeal. Units come fully furnished with modern kitchens, bespoke wardrobes and efficient heating. The Northern Quarter, Piccadilly Station, and Spinningfields are all within a 15-minute walk, driving consistent tenant demand. Highlights: - Strong rental demand in Ancoats - 7% projected rental yields - Rooftop gardens, gym & lounge - One to three-bedroom options - Completed development with full management in place Let Rothmore Property help you secure your unit or browse other off-plan and completed sites nationwide. ## Property Photos - ![Ancoats Gardens Gym 2.png](/listings/photos/173726126/127306) - Ancoats Gardens Gym 2.png - ![Ancoats Gardens Gym 1.png](/listings/photos/173726126/127307) - Ancoats Gardens Gym 1.png - ![AG_Roof_Terrace_2022_f.jpg](/listings/photos/173726126/127308) - AG_Roof_Terrace_2022_f.jpg - ![3bedAG2021_ml copy.jpg](/listings/photos/173726126/127309) - 3bedAG2021_ml copy.jpg - ![3bedAG2021_f copy.jpg](/listings/photos/173726126/127310) - 3bedAG2021_f copy.jpg - ![3bedAG2021_d copy.jpg .jpg](/listings/photos/173726126/127311) - 3bedAG2021_d copy.jpg .jpg - ![3bedAG2021_g copy.jpg](/listings/photos/173726126/127312) - 3bedAG2021_g copy.jpg - ![3bedAG2021_h copy.jpg](/listings/photos/173726126/127313) - 3bedAG2021_h copy.jpg - ![3bedAG2021_i copy.jpg](/listings/photos/173726126/127314) - 3bedAG2021_i copy.jpg - ![3bedAG2021_l copy.jpg](/listings/photos/173726126/127315) - 3bedAG2021_l copy.jpg - ![3bedAG2021_e copy.jpg](/listings/photos/173726126/127316) - 3bedAG2021_e copy.jpg - ![3bedAG2021_j copy.jpg](/listings/photos/173726126/127317) - 3bedAG2021_j copy.jpg - ![3bedAG2021_b copy.jpg](/listings/photos/173726126/127318) - 3bedAG2021_b copy.jpg - ![3bedAG2021_o copy.jpg](/listings/photos/173726126/127319) - 3bedAG2021_o copy.jpg - ![3bedAG2021_c copy.jpg](/listings/photos/173726126/127320) - 3bedAG2021_c copy.jpg - ![AG_Lobby_CAM_E0000 copy.jpg](/listings/photos/173726126/127321) - AG_Lobby_CAM_E0000 copy.jpg - ![AG_Roof_Terrace_2022_g.jpg](/listings/photos/173726126/127322) - AG_Roof_Terrace_2022_g.jpg - ![AG_Roof_Terrace_2022_d.jpg](/listings/photos/173726126/127323) - AG_Roof_Terrace_2022_d.jpg - ![AG_Lobby_CAM_A0000 copy.jpg](/listings/photos/173726126/127324) - AG_Lobby_CAM_A0000 copy.jpg - ![AG_Lobby_CAM_G0000 copy.jpg](/listings/photos/173726126/127325) - AG_Lobby_CAM_G0000 copy.jpg - ![AG_Roof_Terrace_2022_e.jpg](/listings/photos/173726126/127326) - AG_Roof_Terrace_2022_e.jpg ## Floorplans - ![Ancoats Gardens - Floorplan - 2-Bed (906).jpg](/listings/photos/173726126/127327) - Ancoats Gardens - Floorplan - 2-Bed (906).jpg ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 9 FLAT 802 DYCHE STREET, MANCHESTER, GREATER MANCHESTER, M4 4FU | £250,000 | 03/12/2025 | Flat | | 50 APARTMENT 406 GOULDEN STREET, MANCHESTER, GREATER MANCHESTER, M4 5EH | £145,000 | 27/06/2025 | Flat | | 6 APARTMENT 402 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4BW | £152,000 | 29/11/2023 | Flat | | THE CITADEL, 15 APARTMENT 18 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4AL | £100,000 | 09/11/2023 | Flat | | 6 APARTMENT 402 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4BW | £100,000 | 27/09/2023 | Flat | | 6 APARTMENT 306 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4BW | £133,000 | 31/07/2023 | Flat | | 50 APARTMENT G18 GOULDEN STREET, MANCHESTER, GREATER MANCHESTER, M4 5EH | £117,000 | 31/03/2023 | Flat | | 5 APARTMENT 305 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TG | £115,000 | 17/02/2023 | Flat | | 25 APARTMENT 508 SIMPSON STREET, MANCHESTER, GREATER MANCHESTER, M4 4AS | £150,000 | 09/12/2022 | Flat | | 50 APARTMENT G6 GOULDEN STREET, MANCHESTER, GREATER MANCHESTER, M4 5EH | £180,000 | 22/11/2022 | Flat | | 50 APARTMENT 707 GOULDEN STREET, MANCHESTER, GREATER MANCHESTER, M4 5EJ | £168,000 | 11/11/2022 | Flat | | 50 APARTMENT 116 GOULDEN STREET, MANCHESTER, GREATER MANCHESTER, M4 5EH | £210,000 | 19/10/2022 | Flat | | 33 APARTMENT 201 SIMPSON STREET, MANCHESTER, GREATER MANCHESTER, M4 4BG | £166,000 | 14/10/2022 | Flat | | PRINTING PRESS HOUSE, 17 FLAT 27 SCHOOL STREET, MANCHESTER, GREATER MANCHESTER, M4 4HD | £288,584 | 11/10/2022 | Flat | | 9 FLAT 808 DYCHE STREET, MANCHESTER, GREATER MANCHESTER, M4 4FU | £275,000 | 11/10/2022 | Flat | | PRINTING PRESS HOUSE, 17 FLAT 5 SCHOOL STREET, MANCHESTER, GREATER MANCHESTER, M4 4HD | £275,000 | 29/09/2022 | Flat | | 50 APARTMENT 409 GOULDEN STREET, MANCHESTER, GREATER MANCHESTER, M4 5EH | £198,000 | 23/09/2022 | Flat | | 9 FLAT 606 DYCHE STREET, MANCHESTER, GREATER MANCHESTER, M4 4FU | £249,950 | 12/08/2022 | Flat | | 50 APARTMENT 215 GOULDEN STREET, MANCHESTER, GREATER MANCHESTER, M4 5EH | £230,000 | 05/08/2022 | Flat | | 5 APARTMENT 104 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TG | £126,000 | 20/07/2022 | Flat | **Area average:** £181,427 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £268,000 (70 Flat, M4, 2024–2026) - **Deviation:** +45.5% ## 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 East Lancs (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £474/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, Oldham Road, M4 | £1,500/mo | 2 | 0.18 miles | OpenRent | | 2 Bed Flat, Tib St, M4 | £3,000/mo | 2 | 0.22 miles | OpenRent | **Average rent: £2,250/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.58% (weak for cashflow) - **Max investor price (0.8%):** £281,250 - **Target investor price (1%):** £225,000 *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 £2,250/mo).* - **Gross yield:** 6.9% - **Cost-to-rent:** 14.4× - **Monthly cashflow:** £464/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 4.9% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -8.7% - **10y growth:** 71.9% ## 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)