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Smart Manchester Apartment

Manchester City Centre – 6.5% Rental Yields | Turnkey Investment Opportunity, M3 7NH

2 beds 1 baths Listed 9 Jul 2026 (-13d)

£159,950

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Property details

Tenure

LEASEHOLD

Local average

£283,113 (-43.5%)

Deprivation

Decile 6 (20,211 of 33,755)

Street crime

4 incidents within 1 mile (May 2026)

Key features

  • 7%+ projected returns
  • Strong capital growth potential
  • Manchester city centre - regeneration hotspot
  • Fully managed property investment
  • Popular inner-city rental area
  • High-spec interior design & modern integrated appliances
  • Landmark development
  • Award-winning UK property developer
  • On-site rental company
  • Enquire now to receive an info pack and full financial breakdown

Description

"Smart Manchester Apartment, Manchester City Centre – 6.5% Rental Yields | Turnkey Investment Opportunity

This modern residential opportunity delivers stylish apartments and quality resident facilities in a fast-evolving Greengate / Chapel Street riverside district, on the Salford–Manchester city centre border.

With strong tenant appeal, high-spec interiors, and a strategic location close to the major Greengate and Chapel Street regeneration zone and the city’s main business district, this development offers a compelling opportunity to invest in premium property with 7%+ projected returns.

This property is available to buy-to-let investors and owner-occupiers.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.


The Investment

This city-fringe investment opportunity provides direct access to a growing rental hotspot on the edge of Manchester’s central business and retail districts.

Designed for strong, sustainable demand from young professionals and city-centre commuters, the combination of high-quality spec, professional management, and strong projected returns make it well suited to investors seeking a hands-off, income-focused asset.



The Location

Located within walking distance of Manchester's Commercial District and Spinningfields, across the River Irwell, Manchester Arndale and the Trinity Way retail corridor, and Manchester Cathedral and the National Football Museum, the development sits in an area undergoing rapid transformation.

Its proximity to the Greengate and Chapel Street regeneration zone also brings ongoing improvements to local amenities, public realm, and employment options, supporting both rental demand and long-term capital growth potential.



The Apartments

A choice of contemporary layouts is available, from efficient studios to well-balanced one and two-bedroom apartments.

Interiors are designed around flexible living, with defined zones for cooking, dining, and relaxing, plus smart storage that make the most of every square foot.

The Development

The apartments form part of a well-presented residential block designed to offer convenience, security, and comfort just outside the busiest part of the city centre.

Efficient building systems, managed communal areas, and a professional management structure help support lasting tenant satisfaction and therefore rental performance.

Key onsite facilities include:

Secure entry system and monitored communal areasLift access serving all main residential levelsWell-maintained corridors and lobby spacesDedicated bicycle storage



Why Invest?

7%+ projected rental returns in a growing district on the city centre edgeStrong appeal to young professionals and city-centre commuters seeking modern, well-located apartmentsGreengate and Chapel Street regeneration zone - major ongoing investment hubFully hands-off structure with professional management for the day-to-day availableContemporary, high-spec apartments in a quality building offering resilient, long-term rental demand

Enquire now to secure your unit and receive a full investment breakdown."

Listed by

Manchester

RW Invest North Ltd

Reference: 90662340

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

Price history

No sales history found for this property in Land Registry Price Paid data.

Sold Comparables

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

Address Price Date Type
CITY HEIGHTS FLAT 2006 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £99,000 18/12/2025 Flat
CITY HEIGHTS FLAT 2106 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £58,000 11/12/2024 Flat
CITY HEIGHTS FLAT 2106 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £58,000 11/12/2024 Flat
CITY HEIGHTS FLAT 1507 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £145,000 28/11/2023 Flat
BARNFIELD HOUSE, 1 APARTMENT 602 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX £262,750 29/09/2023 Flat
2 APARTMENT 104 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GH £247,500 04/08/2023 Flat
BARNFIELD HOUSE, 1 APARTMENT 502 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX £267,000 14/07/2023 Flat
CITY HEIGHTS FLAT 2004 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £109,950 29/06/2023 Flat
CITY HEIGHTS FLAT 1907 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £130,000 19/06/2023 Flat
3 APARTMENT 206 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GN £205,000 03/03/2023 Flat
CITY HEIGHTS FLAT 1206 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £70,000 23/02/2023 Flat
2 APARTMENT 214 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GH £219,728 22/02/2023 Flat
2 APARTMENT 906 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GJ £224,600 26/01/2023 Flat
3 APARTMENT 1104 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GP £316,881 10/01/2023 Flat
CITY HEIGHTS FLAT 1807 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS £140,000 16/12/2022 Flat
BARNFIELD HOUSE, 1 APARTMENT 106 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX £150,000 25/11/2022 Flat
BARNFIELD HOUSE, 1 APARTMENT 107 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX £206,000 25/11/2022 Flat
BARNFIELD HOUSE, 1 APARTMENT 208 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX £140,000 18/11/2022 Flat
3 APARTMENT 807 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GN £280,725 27/10/2022 Flat
2 APARTMENT 801 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GJ £285,000 25/10/2022 Flat

Area average: £180,757 (20 sales)

Capital growth trend

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

5y growth -14.2%
10y growth 24.6%

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

1y (index) -5%
5y (index) 17.3%
10y (index) 75%

Rental Range

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

Low £1,046/mo
Realistic £1,162/mo
Optimistic £1,278/mo

Based on Local Authority from postcode lookup → Salford.

LHA (30th percentile) floor for Central Greater Manchester: £873/mo (Apr 2025 – Mar 2026)

Location

Address

16 Chapel Street

Nearby

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

Type Name Distance
Shop Sainsbury's Local 0.0 miles
Bus stop Victoria Bridge/Chapel Street 0.0 miles
Shop Unknown 0.1 miles
Bus stop Blackfriars Road/Chapel St 0.1 miles
University UCEN Manchester (City Campus) 0.3 miles
Train station Manchester Victoria 0.3 miles
Train station Salford Central 0.4 miles
University University of Law 0.5 miles
Hospital Salford Gastric Bypass Surgery 2.0 miles
Hospital The Ailsa Craig Medical Practise 2.7 miles

Street-level crime

Category Count
Violence and sexual offences 3
Drugs 1
Total incidents 4

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
Chetham's School of Music Other 0.2 miles (No rating)
Abbey College Manchester Other 0.3 miles (No rating)
Digital Advantage Other 0.3 miles (No rating)
The Cooperative College Other 0.3 miles (No rating)
The Friars Primary School Primary 0.5 miles Good — 24 Apr 2024

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, Century Buildings, M3 £1,495/mo 2 0.2 miles OpenRent
2 Bed Flat, Block B, M3 £1,400/mo 2 0.29 miles OpenRent

Average rent: £1,448/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.91%
Max investor price (0.8%) £181,000
Target investor price (1%) £144,800
Gross yield 10.9%
Cost-to-rent ratio 9.2×
Monthly cashflow £648/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 16.8%
  • 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).