# 1 bedroom flat for sale (M11 2DJ) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 2, RADCLIFFE HOUSE, 401, ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER M11 2DJ | | Price | £140,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | B | | Last sold | £106,000 May 2019 | ## Description Radcliffe House, a purpose built development by Lovell Homes sits at the front of the popular development known as The Way. Ideally located only a few minutes walk from Manchester City centre, Piccadilly Station and all the amenities and attractions Manchester is known for.  The area is served well by superb bus links in and out of the City and the inner and outer ring road of the M60 is within easy reach too.  This particular ground floor property has been upgraded to an excellent standard throughout by the current owners, including ceramic tiling to the kitchen, fully fitted kitchen with island, built in wardrobes to the bedroom and and cosy enclosed balcony area. In brief the property comprises of : Secure communal entrance, private entrance which leads to the stunning and spacious kitchen which is complimented by integrated appliances and a kitchen island which provides a breakfast bar area plus further storage. This is open to the spacious living area which in turn leads to the private balcony and large double bedroom. The property has the further benefit of a large shower room and storage cupboards.  Externally the development sits within well cared communal grounds and the property also comes with a secure allocated parking space.  Radcliffe House has secured Government Funding for the cladding remediation works which are due to commence shortly. A Leaseholder certificate is available to confirm this, mortgage buyers are welcome.  Sold with NO CHAIN. Contact us to arrange your viewing today.  **Leaseholder Information** Tenure: Leasehold Ground Rent : £100 Lease Length : 250 years from 2003 Service Charge - £2115.44 Per Annum  Council Tax Band: B Broadband  : FTTC 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 Octopus Energy Construction: Fully funded remediation under the Building Safety Fund, works due to commence imminently.  Parking: Secure allocated parking space ## Property Photos - ![Photo](/listings/photos/165344126/538341) - ![Photo](/listings/photos/165344126/538342) - ![Photo](/listings/photos/165344126/538343) - ![Photo](/listings/photos/165344126/538344) - ![Photo](/listings/photos/165344126/538345) - ![Photo](/listings/photos/165344126/538346) - ![Photo](/listings/photos/165344126/538347) - ![Photo](/listings/photos/165344126/538349) - ![Photo](/listings/photos/165344126/538351) - ![Photo](/listings/photos/165344126/538353) - ![Photo](/listings/photos/165344126/538355) - ![Photo](/listings/photos/165344126/538357) - ![Photo](/listings/photos/165344126/538359) - ![Photo](/listings/photos/165344126/538360) - ![Photo](/listings/photos/165344126/538363) - ![Photo](/listings/photos/165344126/538366) - ![Photo](/listings/photos/165344126/538367) - ![Photo](/listings/photos/165344126/538368) - ![Photo](/listings/photos/165344126/538369) ## Floorplans - ![Floorplan 1](/listings/photos/165344126/538370) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/165344126/538371) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | RADCLIFFE HOUSE, 401 APARTMENT 2 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DJ | £106,000 | 31/05/2019 | 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 | |---------|-------|------|------| | 427 APARTMENT 9 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £161,500 | 03/07/2023 | Flat | | 427 APARTMENT 15 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £185,000 | 21/02/2023 | Flat | | 427 APARTMENT 25 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £258,000 | 14/02/2023 | Flat | | 427 APARTMENT 11 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £186,000 | 19/12/2022 | Flat | | RADCLIFFE HOUSE, 401 APARTMENT 30 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DJ | £145,000 | 19/12/2022 | Flat | | 30 BELL CRESCENT, MANCHESTER, GREATER MANCHESTER, M11 3UA | £275,000 | 30/09/2022 | Flat | | 427 APARTMENT 19 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £156,250 | 31/08/2022 | Flat | | 4 LLOYD WRIGHT AVENUE, MANCHESTER, GREATER MANCHESTER, M11 3NJ | £290,000 | 12/08/2022 | Flat | | 427 APARTMENT 13 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £140,000 | 10/03/2022 | Flat | | RADCLIFFE HOUSE, 401 APARTMENT 10 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DJ | £120,000 | 13/01/2022 | Flat | | 425 APARTMENT 25 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £187,000 | 06/01/2022 | Flat | | 425 APARTMENT 7 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £160,000 | 15/12/2021 | Flat | | 425 APARTMENT 21 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DL | £171,000 | 29/10/2021 | Flat | | CAMPBELL HOUSE, 403 APARTMENT 28 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DJ | £120,000 | 30/09/2021 | Flat | | CAMPBELL HOUSE, 403 APARTMENT 30 ASHTON OLD ROAD, MANCHESTER, GREATER MANCHESTER, M11 2DJ | £195,000 | 30/06/2021 | Flat | **Area average:** £183,317 (15 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £122,125 (8 Flat, M11, 2024–2026) - **Deviation:** +14.6% ## 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):** £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, Malta Street, M4 | £950/mo | 1 | 0.7 miles | OpenRent | **Average rent: £950/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.68% (weak for cashflow) - **Max investor price (0.8%):** £118,750 - **Target investor price (1%):** £95,000 *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 £950/mo).* - **Gross yield:** 8.1% - **Cost-to-rent:** 12.3× - **Monthly cashflow:** £279/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 8.2% *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:** 16.6% - **10y growth:** 35.7% ## 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)