# 2 bedroom apartment for sale (M4 4DD) ## Property Details | Key | Value | |-----|-------| | Address | Dantzic St, Manchester, M4 4DD | | Price | £175,000 | | Bedrooms | 2 | | Bathrooms | 2 | ## Description Reserve a 1 or 2 bedroom apartment between 1 - 30 June with a £99 reservation fee and unlock better interest rates with a deposit boost of up to 5%* *Price of £175,000 represents a 50% share of the full market value of £350,000 L&Q at Victoria Riverside presents a brand new collection of Shared Ownership apartments in Manchester's thriving city centre. Located amidst the vibrant city centre, this iconic development comprises one and two-bedroom apartments in Manchester's up-and-coming Red Bank neighbourhood. These homes, available in one and two-bedroom options, are located in Victoria Riverside's City View Tower which comprises 17 floors. The building's facade features captivating colours that mirror the breathtaking views visible through the floor-to-ceiling "picture-frame" windows in each apartment, seamlessly blending the essence of the local surroundings with the essence of every home. Enjoy captivating views of Manchester alongside the vibrant city life. Embrace the surroundings, relish the proximity to the city centre, and explore all that this extraordinary city has to offer. Residents are well catered for in L&Q at Victoria Riverside with an impressive array of onsite amenities that are rare to find with Shared Ownership homes. A state-of-the-art gym is kitted out with a full selection of exercise equipment, making for a convenient and complete workout experience right at your doorstep. Comfortably work from home in the flexible communal workspace, great for focus time away from your new home. Sitting in between City View and Park View, the Podium Garden is a lush, green space for relaxing, socialising and working. And for those with a busier lifestyle, the on-site concierge service is exactly what you need to never miss a delivery. You're not just getting a home at L&Q at Victoria Riverside, you're buying into a lifestyle. Under the Shared Ownership scheme you part-buy/part-rent your home, making it possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%. The Benefits of Shared Ownership: * Smaller deposit. * Lower monthly payments. * More security than renting. * Invest in your future - you can 'staircase' to increased ownership and either profit from, or fully own your home. * The same benefits as an outright owner of a new build home - a blank canvas to make your own. *L&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on selected homes only. For full terms and conditions visit the terms and conditions page. Council Tax Bands will be confirmed upon completion of the property. To view the council tax bands in Manchester refer to Manchester City Council's website or ask your sales advisor for more information. Images used solely for illustrative purposes only and may differ from the actual house type or plot. Please speak to our Sales Advisor for more information. ## Property Photos - ![Photo](/listings/photos/173260508/300439) - ![Photo](/listings/photos/173260508/300440) - ![Photo](/listings/photos/173260508/300441) - ![Photo](/listings/photos/173260508/300442) - ![Photo](/listings/photos/173260508/300443) - ![Photo](/listings/photos/173260508/300444) - ![Photo](/listings/photos/173260508/300445) - ![Photo](/listings/photos/173260508/300446) - ![Photo](/listings/photos/173260508/300447) - ![Photo](/listings/photos/173260508/300448) - ![Photo](/listings/photos/173260508/300449) - ![Photo](/listings/photos/173260508/300450) - ![Photo](/listings/photos/173260508/300451) - ![Photo](/listings/photos/173260508/300452) - ![Photo](/listings/photos/173260508/300453) - ![Photo](/listings/photos/173260508/300454) - ![Photo](/listings/photos/173260508/300455) - ![Photo](/listings/photos/173260508/300456) - ![Photo](/listings/photos/173260508/300457) ## Floorplans - ![Floorplan 1](/listings/photos/173260508/300458) - Floorplan 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 | |---------|-------|------|------| | THE CITADEL, 15 APARTMENT 18 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4AL | £100,000 | 09/11/2023 | Flat | | TOBACCO FACTORY PHASE 1, 30 FLAT 32 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TF | £350,000 | 27/10/2023 | Flat | | EMMELINE, 17 APARTMENT 1103 DALTON STREET, MANCHESTER, GREATER MANCHESTER, M40 7EB | £155,000 | 06/10/2023 | Flat | | EMMELINE, 17 APARTMENT 1 DALTON STREET, MANCHESTER, GREATER MANCHESTER, M40 7EB | £120,000 | 13/07/2023 | Flat | | TOBACCO FACTORY PHASE 1, 30 FLAT 34 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TF | £370,000 | 02/09/2022 | Flat | | TOBACCO FACTORY PHASE 1, 30 FLAT 30 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TF | £375,000 | 19/08/2022 | Flat | | EMMELINE, 17 APARTMENT 301 DALTON STREET, MANCHESTER, GREATER MANCHESTER, M40 7EB | £100,000 | 04/05/2022 | Flat | | TOBACCO FACTORY PHASE 1, 30 FLAT 37 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TF | £340,000 | 29/03/2022 | Flat | | [Same street] 204 DANTZIC STREET, MANCHESTER, GREATER MANCHESTER, M4 4DD | £5,000,000 | 23/12/2021 | Other | | TOBACCO FACTORY PHASE 1, 30 FLAT 18 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TF | £228,000 | 11/10/2021 | Flat | | TOBACCO FACTORY PHASE 1, 30 FLAT 2 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TF | £210,000 | 22/09/2021 | Flat | | TOBACCO FACTORY PHASE 1, 30 FLAT 8 LUDGATE HILL, MANCHESTER, GREATER MANCHESTER, M4 4TF | £212,000 | 16/07/2021 | Flat | **Street average:** £5,000,000 (1 sale) **Area average:** £232,727 (11 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £268,000 (70 Flat, M4, 2024–2026) - **Deviation:** -34.7% ## 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 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, Dantzic St, M4 | £1,500/mo | 2 | 0.11 miles | OpenRent | | 2 Bed Flat, Dantzic Street, M4 | £1,495/mo | 2 | 0.11 miles | OpenRent | | 2 Bed Flat, Dyche Street, M4 | £1,375/mo | 2 | 0.27 miles | OpenRent | | 2 Bed Flat, Red Bank, M4 | £1,100/mo | 2 | 0.27 miles | OpenRent | | 2 Bed Flat, Dyche St, M4 | £1,200/mo | 2 | 0.28 miles | OpenRent | | 2 Bed Flat, Dyche Street, M4 | £2,799/mo | 2 | 0.29 miles | OpenRent | | 2 Bed Flat, The Gate, M4 | £1,500/mo | 2 | 0.29 miles | OpenRent | | 2 Bed Flat, The Gate, M4 | £1,500/mo | 2 | 0.29 miles | OpenRent | | 2 Bed Flat, Aspin Lane, M4 | £1,500/mo | 2 | 0.29 miles | OpenRent | | 2 Bed Flat, Vallea Court, M4 | £1,375/mo | 2 | 0.34 miles | OpenRent | | 2 Bed Flat, Oldham Road, M4 | £1,500/mo | 2 | 0.43 miles | OpenRent | | 2 Bed Flat, High Street, M4 | £2,500/mo | 2 | 0.44 miles | OpenRent | **Average rent: £1,612/mo (12 listings)** ## 1% Rule - **Rent ratio:** 0.86% (okay) - **Max investor price (0.8%):** £187,500 - **Target investor price (1%):** £150,000 *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 £1,500/mo).* - **Gross yield:** 10.3% - **Cost-to-rent:** 9.7× - **Monthly cashflow:** £636/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 15% *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:** -9.4% - **10y growth:** 59.9% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of February 2026.* - **1y growth (index):** 1.2% - **5y growth (index):** 15.9% - **10y growth (index):** 61.1% ## 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)