# 2 bedroom flat for sale (M1 3GB) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 44, STONEBRIDGE HOUSE, 5, COBOURG STREET, MANCHESTER, GREATER MANCHESTER M1 3GB | | Price | £250,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | D | | Last sold | £282,000 Jul 2022 | ## Description EWS1 Certified, B1 rating. Fantastic location within 400m of Piccadilly Station and Manchester University. All amenities available. Stonebridge House offer both a fantastic location and excellent room sizes thought out with outdoor space. Located on the 4th floor and consisting of a hallway with storage, an impressive lounge in excess of 22 ft, a separate modern refitted kitchen with integrated appliances, window and breakfast bar. There are two bedrooms and two bathrooms, with the master bed benefitting from an en- suite three piece fitted bath suite. The property offer versatility with the second bedroom having a bifold door so could be used as a second reception room. A brand new state of art heating system that is wirelessly connected and energy efficient. Available with both chain free and vacant possession. Leasehold 125 year from 1998 Ground Rent £300 per year paid to Homeground Service Charge approx. £1500 per year. ## Property Photos - ![pbox-IMG.jpg](/listings/photos/89549607/661820) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661823) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661824) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661826) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661828) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661829) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661831) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661833) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661835) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661837) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661839) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661841) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661842) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661844) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661845) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661847) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661849) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661851) - pbox-IMG.jpg - ![pbox-IMG.jpg](/listings/photos/89549607/661852) - pbox-IMG.jpg ## Floorplans - ![pbox-FP.jpg](/listings/photos/89549607/661853) - pbox-FP.jpg ## EPC Graphs - ![EPC Rating Graph](/listings/photos/89549607/661854) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | STONEBRIDGE HOUSE, 5 FLAT 44 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB | £282,000 | 29/07/2022 | 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 | |---------|-------|------|------| | VELVET COURT APARTMENT 14 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £120,000 | 18/12/2025 | Flat | | VELVET HOUSE, 60 APARTMENT 22 SACKVILLE STREET, MANCHESTER, GREATER MANCHESTER, M1 3WE | £166,500 | 28/11/2025 | Flat | | STONEBRIDGE HOUSE, 5 FLAT 12 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB | £171,000 | 15/09/2025 | 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 | | 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 | | VELVET COURT APARTMENT 41 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £180,000 | 30/06/2023 | Flat | | 14 FLAT 21 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £155,000 | 05/06/2023 | Flat | | 5 APARTMENT 1003 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP | £190,000 | 26/05/2023 | Flat | | 14 FLAT 26 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £230,000 | 30/11/2022 | Flat | | 5 APARTMENT 603 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP | £226,500 | 06/10/2022 | Flat | | VELVET HOUSE, 60 APARTMENT 18 SACKVILLE STREET, MANCHESTER, GREATER MANCHESTER, M1 3WE | £194,000 | 12/09/2022 | Flat | | 5 APARTMENT 117 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR | £190,000 | 07/09/2022 | Flat | | STONEBRIDGE HOUSE, 5 FLAT 45 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB | £304,000 | 07/09/2022 | Flat | | 5 APARTMENT 303 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR | £195,000 | 26/08/2022 | Flat | | SACKVILLE PLACE FLAT 4 BOMBAY STREET, MANCHESTER, GREATER MANCHESTER, M1 7AT | £158,000 | 03/08/2022 | Flat | | VELVET COURT APARTMENT 57 GRANBY ROW, MANCHESTER, GREATER MANCHESTER, M1 7AB | £227,766 | 29/07/2022 | Flat | | 5 APARTMENT 411 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR | £205,500 | 14/07/2022 | Flat | **Area average:** £198,263 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £289,340 (52 Flat, M1, 2024–2026) - **Deviation:** -13.6% ## 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):** £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 | |------|------|------|------|------| | 2 Bed Flat, Charlotte St, M1 | £2,095/mo | 2 | 0.36 miles | OpenRent | | 2 Bed Flat, Manchester, M1 | £3,855/mo | 2 | 0.36 miles | OpenRent | | 2 Bed Flat, Charlotte House, M1 | £3,875/mo | 2 | 0.36 miles | OpenRent | **Average rent: £3,275/mo (3 listings)** ## 1% Rule - **Rent ratio:** 1.54% (strong) - **Max investor price (0.8%):** £481,875 - **Target investor price (1%):** £385,500 *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 £3,855/mo).* - **Gross yield:** 18.5% - **Cost-to-rent:** 5.4× - **Monthly cashflow:** £2,460/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 40.7% *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:** -10.3% - **10y growth:** 25% ## 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)