# 2 bedroom apartment for sale (M1 6DF) ## Property Details | Key | Value | |-----|-------| | Address | Portland House, 103A Portland Street, Manchester, M1, M1 6DF | | Price | £231,250 | | Bedrooms | 2 | | Bathrooms | 3 | | Council tax | C | ## Description *Owner occupiers and investors welcome, vacant possession and beautifully presented* Stunning two double bedroom apartment set in the desirably located Portland House. **Description** *Owner occupiers and investors welcome, vacant possession and beautifully presented* We are delighted to present this stunning two double bedroom apartment in the beautiful Grade II Listed period conversion, Portland House. Constructed in 1887, Portland House is a stunning Grade II listed building ideally located in central Manchester with a desirable M1 postcode. Occupants will be sure to benefit from the variety of transport links, shopping, bars and restaurants available in the city. Boasting a full modern fit out throughout, occupants are sure to enjoy the character features of the building, intertwined with a modern interior. Briefly the apartment comprises of a substantial entrance hall in which all primary rooms are accessed from. There are two well-sized double bedrooms that both enjoy en suite shower rooms. Additionally there is a main bathroom that benefits from a separate shower and bath facility. The living and kitchen is an open plan design, boasting high ceilings and ample light throughout via the large windows. Further, there are two cupboards off the entrance hall, perfect for storage needs. Owner occupiers are welcome to enquire, with vacant possession available. Marketing photography taken September 2021. **Location** Portland House sits in a prime M1 location in the very heart of Manchester City Centre. Oxford Road Station is directly opposite the entrance and circa 0.3m away allowing quick and easy access to train and tram links around Manchester. HOME Manchester is also situated nearby (0.5m) and the Arndale Centre (0.5) which provides an array of entertainment, food and beverage options within easy reach. For sport and entertainment venues, Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 2.8m and 2.0m away respectively. The Manchester Velodrome, part of the National Cycling Centre is also 2.7m distance, whilst Manchester tennis and racquet club also offers superb options for a variety of racket sports, including tennis, padel and squash to name a few, and is located only 1.6m distance. For cultural activities, residents are only circa 0.2m from the Palace Theatre, in addition to being 0.5m from Deansgate where you'll find an excellent choice of independent bars, restaurants and music choices. Please note, all distances provided are approximate. Square Footage: 871 sq ft Leasehold with approximately 117 years remaining. **Additional Info** Ground rent is due to review in 2043, 2068, 2093 and 2118. We are advised the ground rent will increase on these dates by an additional £75 per annum. ## Property Photos - ![Living Area](/listings/photos/94391040/2593048) - Living Area - ![Living Area](/listings/photos/94391040/2593051) - Living Area - ![Living Area](/listings/photos/94391040/2593052) - Living Area - ![Living Area](/listings/photos/94391040/2593054) - Living Area - ![Living Area](/listings/photos/94391040/2593056) - Living Area - ![Hallway](/listings/photos/94391040/2593059) - Hallway - ![Bedroom](/listings/photos/94391040/2593061) - Bedroom - ![Bedroom](/listings/photos/94391040/2593063) - Bedroom - ![Bathroom](/listings/photos/94391040/2593065) - Bathroom - ![Bedroom](/listings/photos/94391040/2593067) - Bedroom - ![Bathroom](/listings/photos/94391040/2593068) - Bathroom - ![Bathroom](/listings/photos/94391040/2593070) - Bathroom - ![External](/listings/photos/94391040/2593072) - External ## Floorplans - ![Floorplan](/listings/photos/94391040/2593074) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/94391040/2593077) - EPC Rating Graph ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 48 FLAT 31 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6HR | £210,000 | 30/03/2026 | Flat | | 50 FLAT 16 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6HR | £228,000 | 16/08/2024 | Flat | | 30 APARTMENT 7 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 4DA | £225,000 | 10/03/2023 | Flat | | 2 FLAT 16 HARTER STREET, MANCHESTER, GREATER MANCHESTER, M1 6HY | £310,000 | 03/02/2023 | Flat | | 50 FLAT 19 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6HR | £400,000 | 01/11/2022 | Flat | | PORTLAND HOUSE, 103A FLAT 14 PORTLAND STREET, MANCHESTER, GREATER MANCHESTER, M1 6DF | £185,000 | 29/09/2022 | Flat | | 30 APARTMENT 30 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 4DA | £305,000 | 20/07/2022 | Flat | | CHINA HOUSE, 14 FLAT 20 HARTER STREET, MANCHESTER, GREATER MANCHESTER, M1 6HP | £163,000 | 27/06/2022 | Flat | | 30 APARTMENT 27 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 4DA | £305,000 | 01/06/2022 | Flat | | 48 FLAT 22 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6HR | £233,000 | 24/05/2022 | Flat | | 2 FLAT 6 HARTER STREET, MANCHESTER, GREATER MANCHESTER, M1 6HY | £237,000 | 20/05/2022 | Flat | | 2 FLAT 22 HARTER STREET, MANCHESTER, GREATER MANCHESTER, M1 6HY | £310,000 | 04/05/2022 | Flat | | 48 FLAT 34 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6HR | £220,000 | 29/04/2022 | Flat | | 50 FLAT 11 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6HR | £169,000 | 18/03/2022 | Flat | | 59 - 61 FAULKNER STREET, MANCHESTER, GREATER MANCHESTER, M1 4FF | £650,000 | 03/03/2022 | Flat | | 30 APARTMENT 26 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 4DA | £285,000 | 16/02/2022 | Flat | | 50 FLAT 7 PRINCESS STREET, MANCHESTER, GREATER MANCHESTER, M1 6HR | £157,000 | 18/01/2022 | Flat | | PORTLAND HOUSE, 103A FLAT 3 PORTLAND STREET, MANCHESTER, GREATER MANCHESTER, M1 6DF | £240,000 | 05/11/2021 | Flat | | PORTLAND HOUSE, 103A FLAT 3 PORTLAND STREET, MANCHESTER, GREATER MANCHESTER, M1 6DF | £240,000 | 05/11/2021 | Flat | | PORTLAND HOUSE, 103A FLAT 2 PORTLAND STREET, MANCHESTER, GREATER MANCHESTER, M1 6DF | £185,000 | 05/11/2021 | Flat | **Area average:** £262,850 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £267,488 (63 Flat, M1, 2024–2026) - **Deviation:** -13.5% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,236/mo - **Realistic:** £1,373/mo - **Optimistic:** £1,510/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, Cambridge Street, M1 | £3,060/mo | 2 | 0.3 miles | OpenRent | | 2 Bed Flat, Cambridge Street, M1 | £1,550/mo | 2 | 0.36 miles | OpenRent | **Average rent: £2,305/mo (2 listings)** ## 1% Rule - **Rent ratio:** 1% (strong) - **Max investor price (0.8%):** £288,125 - **Target investor price (1%):** £230,500 *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 £2,305/mo).* - **Gross yield:** 12% - **Cost-to-rent:** 8.4× - **Monthly cashflow:** £1,139/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 20.4% *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:** 6.4% - **10y growth:** 45.4% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of July 2026.* - **1y growth (index):** -0.9% - **5y growth (index):** 12.1% - **10y growth (index):** 56.7% ## 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)