For sale Flat

APARTMENT 238

2 KELSO PLACE, MANCHESTER, GREATER MANCHESTER M15 4GQ

2 beds 2 baths Listed 6 May 2026 (-76d)

£220,000

Reduced on 16 Jun 2026

Save
20260618_100113777_iOS.jpeg

20260618_100113777_iOS.jpeg 20260618_100119896_iOS.jpeg 20260618_100129854_iOS.jpeg 20260618_100213385_iOS.jpeg 20260618_100226121_iOS.jpeg 20260618_100144667_iOS.jpeg 20260618_100248511_iOS.jpeg 20260618_100415086_iOS.jpeg 20260618_100358363_iOS.jpeg 20260618_100310277_iOS.jpeg 20260618_100332602_iOS.jpeg 20260618_100502223_iOS.jpeg 20260618_100512535_iOS.jpeg 20260618_100549939_iOS.jpeg 20260618_100736757_iOS.jpeg 20260618_100744607_iOS.jpeg 20260618_100906615_iOS.jpeg 20260618_100918747_iOS.jpeg 20260618_100926432_iOS.jpeg 20260618_100941525_iOS.jpeg 20260618_101008937_iOS.jpeg 20260618_101642389_iOS.jpeg 20260618_102144585_iOS.jpeg 20260618_102155449_iOS.jpeg 20260618_102210462_iOS.jpeg 20260618_102245361_iOS.jpeg 20260618_102257432_iOS.jpeg 20260618_102309275_iOS.jpeg 20260618_100543866_iOS.jpeg 20260618_100628139_iOS.jpeg 20260618_100633522_iOS.jpeg Photo 32

/ 32

Property details

Tenure

LEASEHOLD (105 years remaining on lease)

Council tax band

C

Last sold

£189,950 Mar 2016

Local average

£237,712 (-7.5%)

Deprivation

Decile 7 (23,475 of 33,755)

Street crime

0 incidents within 1 mile (May 2026)

Key features

  • TWO DOUBLE BEDROOMS
  • TWO PARKING SPACES
  • SPACIOUS LIVING & DINING ROOM
  • MASTER BEDROOM WITH EN SUITE SHOWER ROOM
  • FULL LENGTH BALCONY
  • 775 SQ FT
  • EXCELLENT VIEWS
  • CURRENTLY LET FOR £1,300PCM
  • 24 HOUR CONCIERGE
  • CASTLEFIELD LOCATION

Additional details

Parking
Covered, Allocated

Description

TWO BEDROOM, TWO BATHROOM CORNER APARTMENT WITH BALCONY & TWO ALLOCATED PARKING SPACES. Nestled in the tranquil enclave of St George's Island, Castlefield, this splendid third-floor apartment presents an exceptional opportunity for both investors and potential homeowners. Boasting two generously sized double bedrooms and two well-appointed bathrooms, this property is designed for modern living.

Upon entering, you are greeted by a welcoming entrance hall that features a convenient storage cupboard. The heart of the home is a spacious open-plan living area, which seamlessly connects to a stunning full-length balcony. This outdoor space not only enhances the living experience but also offers delightful views, perfect for enjoying a morning coffee or evening relaxation.

The apartment is ideally located in Castlefield, a serene part of Manchester city centre, surrounded by picturesque canals. Despite its peaceful setting, it is just a stone's throw away from a vibrant selection of bars and restaurants, with the bustling Deansgate only a short walk away.

Additionally, this property includes two allocated parking spaces, a rare find in such a central location. Currently let for £1,300 per calendar month, achieving a rental yield of 7.1%, it presents a lucrative investment opportunity while also being suitable for owner-occupiers seeking a stylish and convenient lifestyle.

In summary, this two-bedroom, two-bathroom apartment in Castlefield is a remarkable find, combining comfort, convenience, and a prime location. Whether you are looking to invest or make it your home, this property is not to be missed.

Listed by

Manchester

THE GOOD GROUP LTD

Reference: 88142469

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EE Rating

EE Rating

Price history

38% since 2013

Event Date Price % change
Listed for sale — £220,000 +15.8%
Sold 31/03/2016 (10 years ago) £189,950 +37.5%
Sold 07/10/2013 (12 years ago) £138,125 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
2 APARTMENT 271 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £175,000 25/02/2026 Flat
2 APARTMENT 226 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £205,000 06/02/2026 Flat
1 APARTMENT 1136 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LE £210,000 09/01/2026 Flat
4 APARTMENT 454 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT £210,000 09/01/2026 Flat
TIMBER WHARF, 32 APARTMENT 226 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NX £188,000 08/01/2026 Flat
THE BOX WORKS, 4 APARTMENT 410 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £230,000 15/12/2025 Flat
42 APARTMENT 214 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4FY £110,000 12/12/2025 Flat
2 APARTMENT 2111 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GR £180,000 05/12/2025 Flat
2 APARTMENT 234 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ £216,000 28/11/2025 Flat
190 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU £350,000 28/11/2025 Flat
9 APARTMENT 4 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG £156,000 28/11/2025 Flat
4 APARTMENT 426 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT £209,950 28/11/2025 Flat
THE BOX WORKS, 4 APARTMENT 202 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £266,250 28/11/2025 Flat
1 FLAT 2204 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE £265,000 25/11/2025 Flat
TIMBER WHARF, 32 APARTMENT 415 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NY £250,000 24/11/2025 Flat
1 FLAT 2506 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE £305,000 07/11/2025 Flat
3 APARTMENT 406 BURTON PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LR £170,000 30/10/2025 Flat
THE RIVERSIDE APARTMENT 81 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SU £255,000 24/10/2025 Flat
THE BOX WORKS, 4 APARTMENT 302 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU £250,000 10/10/2025 Flat
3 APARTMENT 312 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GS £200,000 29/08/2025 Flat

Area average: £220,060 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -25.7%
10y growth 25.8%

House Price Index (HM Land Registry — official index, not sold-price averages): Manchester. Series: Flats and maisonettes. As of April 2026.

1y (index) -1.4%
5y (index) 8.8%
10y (index) 57%

Rental Range

Estimated market rent for Manchester. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,217/mo
Realistic £1,352/mo
Optimistic £1,487/mo

Based on Local Authority from postcode lookup → Manchester.

LHA (30th percentile) floor for Richmond & Hambleton: £549/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M15 4GQ

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Porcelanosa 0.1 miles
Shop Morrisons Daily 0.1 miles
Bus stop Regent Road/Water Street 0.2 miles
Bus stop Regent Road/Regent Bridge 0.2 miles
Train station Deansgate 0.5 miles
Train station Salford Central 0.7 miles
University Manchester Metropolitan University 0.9 miles
University Manchester School of Art 1.0 miles
Hospital Salford Gastric Bypass Surgery 1.6 miles
Hospital The Ailsa Craig Medical Practise 2.6 miles

Street-level crime

Category Count
Total incidents 0

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Wilfrid's RC Primary School Primary 0.5 miles Good — 25 Jun 2023
Old Trafford Community Academy Primary 0.6 miles — (Inspected (no overall grade))
St Philip's CofE Primary School Primary 0.6 miles Good — 19 Oct 2023
Primrose Hill Primary School and Children's Centre Primary 0.6 miles Good — 30 Jun 2022
St Alphonsus RC Primary School Primary 0.7 miles — (Inspected (no overall grade))

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, The Riverside, M5 £1,350/mo 2 0.11 miles OpenRent

Average rent: £1,350/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.61%
Max investor price (0.8%) £168,750
Target investor price (1%) £135,000
Gross yield 7.4%
Cost-to-rent ratio 13.6×
Monthly cashflow £324/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 6.1%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).