Sold Flat

Commercial Street

Manchester, M15 4QY

2 beds 2 baths Listed 10 Apr 2025 (-431d)

£255,000

Save

# 2 bedroom apartment for sale (M15 4QY)

## Property Details

| Key | Value |
|-----|-------|
| Address | Commercial Street, Manchester, M15 4QY |
| Price | £255,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | E |

## Description

Premier Residential Lettings are delighted to advertise this two bedroom apartment located close to Manchester City Centre and Universities.

This accommodation boasts:

Entrance Hallway, an open plan living room combined with a contemporary kitchen with integrated modern appliances, dishwasher, built in fridge freezer & washing machine, two spacious bedrooms (en suite to master)  and bathroom with fully integrated shower. Furnished to an exceptionally high standard the apartment offers City Centre living at an affordable price.

Please call our office number on    to arrange a viewing.

**Notice**

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

## Property Photos

- ![Photo](/listings/photos/160526900/94788)
- ![Photo](/listings/photos/160526900/94789)
- ![Photo](/listings/photos/160526900/94790)
- ![Photo](/listings/photos/160526900/94791)
- ![Photo](/listings/photos/160526900/94792)
- ![Photo](/listings/photos/160526900/94793)
- ![Photo](/listings/photos/160526900/94794)
- ![Photo](/listings/photos/160526900/94795)
- ![Photo](/listings/photos/160526900/94796)

## EPC Graphs

- ![EPC 1](/listings/photos/160526900/94797) - EPC 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 |
|---------|-------|------|------|
| 1 APARTMENT 147 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX | £210,000 | 19/12/2025 | Flat |
| LUMIERE BUILDING, 38 APARTMENT 702 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QN | £188,000 | 19/12/2025 | Flat |
| 9 FLAT A2703 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ | £357,000 | 12/12/2025 | Flat |
| 9 FLAT A2006 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ | £328,000 | 26/11/2025 | Flat |
| 9 FLAT B1509 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UB | £300,000 | 21/11/2025 | Flat |
| LUMIERE BUILDING, 38 APARTMENT 508 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QN | £180,000 | 20/11/2025 | Flat |
| [Same street] HILL QUAYS, 8 FLAT 72 COMMERCIAL STREET, MANCHESTER, GREATER MANCHESTER, M15 4QY | £158,000 | 31/10/2025 | Flat |
| 1 APARTMENT 109 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX | £202,000 | 15/08/2025 | Flat |
| THE RHINE, 32 APARTMENT 13 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4TE | £200,000 | 15/07/2025 | Flat |
| 9 FLAT A3006 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TT | £372,000 | 07/07/2025 | Flat |
| THE RHINE, 32 APARTMENT 14 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4TE | £210,000 | 09/06/2025 | Flat |
| THE ROPE WORKS, 33 APARTMENT 8 LITTLE PETER STREET, MANCHESTER, GREATER MANCHESTER, M15 4QH | £240,000 | 09/05/2025 | Flat |
| 1 APARTMENT 18 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QU | £250,000 | 05/12/2024 | Flat |
| 9 FLAT B2903 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UD | £388,000 | 15/12/2023 | Flat |
| THE BOATMANS, 42 APARTMENT 21 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QF | £205,000 | 15/12/2023 | Flat |
| 9 FLAT A1906 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TP | £480,000 | 01/12/2023 | Flat |
| THE ROPEWORKS, 33 APARTMENT 40 LITTLE PETER STREET, MANCHESTER, GREATER MANCHESTER, M15 4QH | £180,000 | 08/11/2023 | Flat |
| 9 FLAT A5705 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TW | £650,000 | 30/10/2023 | Flat |
| THE BOATMANS, 42 APARTMENT 16 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QF | £225,950 | 15/09/2023 | Flat |
| 1 APARTMENT 75 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QU | £210,000 | 25/08/2023 | Flat |
| 9 FLAT B1603 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UB | £374,000 | 08/08/2023 | Flat |

**Street average:** £158,000 (1 sale)
**Area average:** £287,498 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £241,248 (71 Flat, M15, 2024–2026)
- **Deviation:** +5.7%

## 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 Richmond & Hambleton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/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, Deansgate, M15 | £3,000/mo | 2 | 0.05 miles | OpenRent |

**Average rent: £3,000/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 1.18% (strong)
- **Max investor price (0.8%):** £375,000
- **Target investor price (1%):** £300,000

*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 £3,000/mo).*

- **Gross yield:** 14.1%
- **Cost-to-rent:** 7.1×
- **Monthly cashflow:** £1,671/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 27.1%

*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:** -27.9%
- **10y growth:** 31.3%

## 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)

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Property details

Tenure

LEASEHOLD (126 years remaining on lease)

Council tax band

Local average

£241,248 (+5.7%)

Street crime

6 incidents within 1 mile (Apr 2026)

Key features

2 Bedrooms
Apartment
Recently Refurbished
Close to City Centre

Additional details

Electricity: Mains supply
Water: Mains supply
Parking: Off street

Description

Premier Residential Lettings are delighted to advertise this two bedroom apartment located close to Manchester City Centre and Universities.

This accommodation boasts:

Entrance Hallway, an open plan living room combined with a contemporary kitchen with integrated modern appliances, dishwasher, built in fridge freezer & washing machine, two spacious bedrooms (en suite to master) and bathroom with fully integrated shower. Furnished to an exceptionally high standard the apartment offers City Centre living at an affordable price.

Please call our office number on to arrange a viewing.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Listed by

Manchester

Premier Residential Lettings Ltd

Reference: 160526900

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC 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
1 APARTMENT 147 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX	£210,000	19/12/2025	Flat
LUMIERE BUILDING, 38 APARTMENT 702 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QN	£188,000	19/12/2025	Flat
9 FLAT A2703 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ	£357,000	12/12/2025	Flat
9 FLAT A2006 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ	£328,000	26/11/2025	Flat
9 FLAT B1509 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UB	£300,000	21/11/2025	Flat
LUMIERE BUILDING, 38 APARTMENT 508 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QN	£180,000	20/11/2025	Flat
Same street HILL QUAYS, 8 FLAT 72 COMMERCIAL STREET, MANCHESTER, GREATER MANCHESTER, M15 4QY	£158,000	31/10/2025	Flat
1 APARTMENT 109 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QX	£202,000	15/08/2025	Flat
THE RHINE, 32 APARTMENT 13 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4TE	£200,000	15/07/2025	Flat
9 FLAT A3006 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TT	£372,000	07/07/2025	Flat
THE RHINE, 32 APARTMENT 14 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4TE	£210,000	09/06/2025	Flat
THE ROPE WORKS, 33 APARTMENT 8 LITTLE PETER STREET, MANCHESTER, GREATER MANCHESTER, M15 4QH	£240,000	09/05/2025	Flat
1 APARTMENT 18 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QU	£250,000	05/12/2024	Flat
9 FLAT B2903 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UD	£388,000	15/12/2023	Flat
THE BOATMANS, 42 APARTMENT 21 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QF	£205,000	15/12/2023	Flat
9 FLAT A1906 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TP	£480,000	01/12/2023	Flat
THE ROPEWORKS, 33 APARTMENT 40 LITTLE PETER STREET, MANCHESTER, GREATER MANCHESTER, M15 4QH	£180,000	08/11/2023	Flat
9 FLAT A5705 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TW	£650,000	30/10/2023	Flat
THE BOATMANS, 42 APARTMENT 16 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QF	£225,950	15/09/2023	Flat
1 APARTMENT 75 JORDAN STREET, MANCHESTER, GREATER MANCHESTER, M15 4QU	£210,000	25/08/2023	Flat
9 FLAT B1603 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UB	£374,000	08/08/2023	Flat

Street average: £158,000 (1 sale)

Area average: £287,498 (20 sales)

Capital growth trend

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

5y growth -27.9%

10y growth 31.3%

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

1y (index) -1.4%

5y (index) 9.1%

10y (index) 58.9%

Rental Range

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

Low £1,214/mo

Realistic £1,349/mo

Optimistic £1,484/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 4QY

Address

10 Commercial Street

Nearby

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

Type	Name	Distance
Shop	Deansgate Square General Store	0.1 miles
Shop	CLNQ	0.1 miles
Train station	Deansgate	0.1 miles
Bus stop	Medlock Street/City Road East	0.1 miles
Bus stop	Medlock Street/Grand Island	0.1 miles
Train station	Manchester Oxford Road	0.4 miles
University	Manchester Metropolitan University – All Saints Campus	0.4 miles
University	Manchester Metropolitan University	0.4 miles
Hospital	Manchester Royal Infirmary	1.2 miles
Hospital	Plymouth Grove Medical Centre	1.3 miles

Street-level crime

Category	Count
Violence and sexual offences	4
Other crime	1
Other theft	1
Total incidents	6

Within 1 mile during Apr 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	0.3 miles	Good — 25 Jun 2023
St Philip's Church of England Primary School	Primary	0.4 miles	Good — 5 Feb 2014
The Manchester Metropolitan University	Other	0.5 miles	— (No rating)
Rolls Crescent Primary School	Primary	0.5 miles	Good — 20 May 2015
Martenscroft Nursery School & Children's Centre	Nursery	0.6 miles	Outstanding — 22 Jul 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, Deansgate, M15	£3,000/mo	2	0.05 miles	OpenRent

Average rent: £3,000/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.18%

Max investor price (0.8%) £375,000

Target investor price (1%) £300,000

Gross yield 14.1%

Cost-to-rent ratio 7.1×

Monthly cashflow £1,671/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 27.1%

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).