# 1 bedroom apartment for sale (M1 7BD) ## Property Details | Key | Value | |-----|-------| | Address | Buy to Let Manchester Flat – 6% Rental Yields \| Off Plan Investment Opportunity, M1 7BD | | Price | £230,000 | | Bedrooms | 1 | | Bathrooms | 1 | ## Description "This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers DESCRIPTION The investment This completed Manchester city centre development offers investors the potential to earn immediate rental income in one of the UK's most dynamic markets. The location Positioned just moments from Oxford Road station, the development sits at the heart of one of Manchester's most connected districts. Residents benefit from effortless access to the Northern Quarter, Spinningfields, the central shopping district, and major employment hubs across the city. This prime location makes the apartments particularly attractive to working professionals seeking convenience, lifestyle-orientated amenities, and excellent transport links to match. The apartments Each apartment is finished to a high standard, featuring fully integrated kitchens, premium flooring, and large windows that maximise natural light.. Designed with modern renters in mind, the interiors blend style and functionality to deliver a comfortable, contemporary living experience that consistently appeals to Manchester's fast-growing tenant base. The development This development has established a strong reputation for high occupancy rates and dependable rental performance. Its central location, premium apartment spec, and proximity to key city attractions ensure lasting demand from both domestic and international renters. Want to find out more? Enquire today to receive a full digital brochure, apartment floor plans, and a full investment breakdown." ## Property Photos - ![Photo](/listings/photos/88215561/578336) - ![Photo](/listings/photos/88215561/578337) - ![Photo](/listings/photos/88215561/578338) - ![Photo](/listings/photos/88215561/578339) - ![Photo](/listings/photos/88215561/578340) - ![Photo](/listings/photos/88215561/578341) - ![Photo](/listings/photos/88215561/578342) - ![Photo](/listings/photos/88215561/578343) - ![Photo](/listings/photos/88215561/688472) - ![Photo](/listings/photos/88215561/688473) - ![Photo](/listings/photos/88215561/688474) - ![Photo](/listings/photos/88215561/688475) ## Floorplans - ![Floorplan 1](/listings/photos/88215561/578344) - 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 | |---------|-------|------|------| | OXFORD PLACE, 7 FLAT 22 OXFORD ROAD, MANCHESTER, GREATER MANCHESTER, M1 6EY | £395,500 | 10/06/2022 | Flat | | OXFORD PLACE, 7 FLAT 9 OXFORD ROAD, MANCHESTER, GREATER MANCHESTER, M1 6EY | £250,000 | 16/12/2021 | Flat | | OXFORD PLACE, 7 FLAT 1 OXFORD ROAD, MANCHESTER, GREATER MANCHESTER, M1 6EY | £260,000 | 26/11/2021 | Flat | | OXFORD PLACE, 7 FLAT 2 OXFORD ROAD, MANCHESTER, GREATER MANCHESTER, M1 6EY | £236,000 | 24/09/2021 | Flat | **Area average:** £285,375 (4 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £291,831 (53 Flat, M1, 2024–2026) - **Deviation:** -21.2% ## 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 | |------|------|------|------|------| | Studio Flat, Bracken House, M1 | £900/mo | 1 | 0.01 miles | OpenRent | | Studio Flat, Bracken House, M1 | £950/mo | 1 | 0.01 miles | OpenRent | | 1 Bed Flat, Lancaster House, M1 | £1,200/mo | 1 | 0.09 miles | OpenRent | | 1 Bed Flat, Chorlton St, M1 | £1,505/mo | 1 | 0.26 miles | OpenRent | **Average rent: £1,139/mo (4 listings)** ## 1% Rule - **Rent ratio:** 0.47% (weak for cashflow) - **Max investor price (0.8%):** £134,375 - **Target investor price (1%):** £107,500 *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 £1,075/mo).* - **Gross yield:** 5.6% - **Cost-to-rent:** 17.8× - **Monthly cashflow:** £37/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 0.7% *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:** -10.4% - **10y growth:** 23.8% ## 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)