For sale Flat

X1 Eastbank Tower

277 Great Ancoats Street, Manchester, M4, M4 7FE

2 beds 2 baths Listed 26 Jun 2025 (-352d)

£252,500

Save

Picture No. 11 8 6 7 1 2 3 4 5

/ 9

Property details

Tenure

LEASEHOLD

Council tax band

C

Last sold

£167,500

Local average

£268,000 (-5.8%)

Deprivation

Decile 8 (26,699 of 33,755)

Street crime

0 incidents within 1 mile (Apr 2026)

Key features

  • Fully Furnished
  • Largest Plot Type
  • 7th Floor Apartment
  • On-site Security
  • Gym
  • Ideal For Home Owner
  • EWS1-Certified
  • Prime Location-Ancoats
  • 10 Minute Walk to Piccadilly Station

Additional details

Parking
Yes

Description

Fully Furnished | 7th Floor | On-site Security | Gym | High Specification | Prime Location | 10 Minute Walk To Piccadilly Station | Voted One Of The World’s Coolest Neighbourhoods | Parking | Ideal for Home Owner

Eastbank Tower, Manchester – Modern City Living for Homeowners and Investors

Discover Eastbank Tower, a contemporary residential development in the heart of Manchester’s vibrant Ancoats neighbourhood, offering a perfect blend of urban convenience and modern comfort. Completed in 2016 by X1 Developments, this striking development at 277 Great Ancoats Street, M4, features 111 thoughtfully designed apartments. Priced at £250,000, this spacious two-bedroom, two-bathroom apartment— is one of the largest plots in the development—is an ideal choice for homeowners seeking a stylish city home and investors looking for high-yield opportunities in Manchester’s thriving M4 postcode.

For Homeowners: A Spacious Urban Haven

Step into this expansive two-bedroom, two-bathroom apartment, the largest plot in Eastbank Tower, designed for modern living with a focus on space and style. Spanning approximately 726 sq ft, the open-plan living and kitchen area features large windows that flood the space with natural light, offering views of Manchester’s dynamic skyline or the bustling Ancoats neighbourhood. The integrated kitchen is equipped with high-end appliances, including a dishwasher, washer/dryer, and fridge/freezer, perfect for effortless entertaining. The two double bedrooms are generously proportioned, with the primary bedroom boasting an en-suite bathroom with modern fixtures and a walk-in shower. The main bathroom features a sleek three-piece suite with contemporary tiling. Fully furnished to a high standard with stylish furniture, this pet-friendly apartment is move-in ready. Residents enjoy exclusive amenities, including a 24/7 on-site gym with secure fob access and overnight security (7 PM–7 AM) for peace of mind. Located in the heart of Ancoats, just a 5-minute walk from the Northern Quarter’s eclectic bars and restaurants and a 10-minute stroll to Manchester City Centre, Eastbank Tower offers a vibrant, community-focused lifestyle with everything you need at your doorstep.

For Investors: A High-Return City Gem

Priced at £250,000, this two-bedroom, two-bathroom apartment—the largest in the development—commands rent of £1300 pcm, delivering gross yields of up to 6.25%

This EWS1-compliant property offers immediate returns in Manchester’s high-demand rental market, where property values are projected to rise 29.4% by 2029 (Savills). The 237-year leasehold (from 2016) ensures long-term value, and secure underground parking adds further appeal for tenants. Positioned in Ancoats, one of Manchester’s most sought-after areas, the apartment is a 10-minute walk from Piccadilly Station and a short stroll from New Islington tram stop, attracting young professionals and creatives. On-site amenities, including a gym and nightly security, enhance tenant desirability, while X1 Sales and Lettings’ management services streamline ownership, handling tenant sourcing and maintenance for a hassle-free investment.

Prime Location, Vibrant Lifestyle

Nestled in the heart of Ancoats, voted one of the world’s coolest neighbourhoods, Eastbank Tower offers unrivalled connectivity and lifestyle. A 5-minute walk to the Northern Quarter brings you to iconic spots like Rudy’s Neapolitan Pizza (0.6 miles) and Mana, a Michelin-starred restaurant (0.7 miles). Everyday essentials are covered with Ancoats General Store (0.6 miles) and Aldi (0.4 miles) nearby, while Piccadilly Station (0.5 miles) and New Islington tram stop (0.4 miles) provide excellent transport links across Manchester and beyond. Cultural hubs like the Manchester Art Gallery (1 mile) and the Etihad Stadium (1 mile) are easily accessible, blending urban energy with cultural richness. The ongoing regeneration of Ancoats and nearby New Islington ensures rising property values, making Eastbank Tower a cornerstone of Manchester’s dynamic future.

Listed by

Leeds

North Property Group Ltd

Reference: 163817150

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 Graph

EPC Graph

Price history

Event Date Price % change
Listed for sale £252,500 +50.7%
Sold 01/01/2016 (10 years ago) £167,500

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
1 APARTMENT 41 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7ED £180,000 12/01/2026 Flat
BLOCK C, 12 APARTMENT 24 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AL £195,000 06/01/2026 Flat
BLOCK D, 12 APARTMENT 106 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AT £265,000 10/12/2025 Flat
ADVENT HOUSE, 2 APARTMENT 53 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP £120,000 21/11/2025 Flat
BLOCK D, 12 APARTMENT 72 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AT £190,000 13/11/2025 Flat
BLOCK E, 12 APARTMENT 42 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AU £236,000 31/10/2025 Flat
BLOCK B, 12 APARTMENT 16 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AJ £205,000 29/10/2025 Flat
ADVENT HOUSE, 2 APARTMENT 65 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP £205,000 01/08/2025 Flat
BLOCK E, 12 APARTMENT 15 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AU £210,000 08/12/2023 Flat
BLOCK D, 12 APARTMENT 48 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AQ £205,000 01/12/2023 Flat
BLOCK D APARTMENT 120 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AT £285,000 13/11/2023 Flat
BLOCK D, 12 APARTMENT 16 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AQ £178,000 24/10/2023 Flat
1 FLAT 404 EVERY STREET, MANCHESTER, GREATER MANCHESTER, M4 7LT £255,000 29/09/2023 Flat
ADVENT HOUSE, 2 APARTMENT 59 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP £220,000 29/09/2023 Flat
ADVENT HOUSE, 2 APARTMENT 69 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP £198,000 11/08/2023 Flat
BLOCK C, 12 APARTMENT 33 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7AL £175,000 19/04/2023 Flat
2 APARTMENT 97 ADVENT WAY, MANCHESTER, GREATER MANCHESTER, M4 7LL £226,000 14/04/2023 Flat
6 FLAT 5 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7BN £220,000 21/02/2023 Flat
10 FLAT 8 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7DS £155,000 12/01/2023 Flat
10 FLAT 5 POLLARD STREET, MANCHESTER, GREATER MANCHESTER, M4 7DS £159,000 10/01/2023 Flat

Area average: £204,100 (20 sales)

Capital growth trend

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

5y growth -7.1%
10y growth 69.7%

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 East Lancs: £474/mo (Apr 2025 – Mar 2026)

Location

Address

277 Great Ancoats Street

Nearby

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

Type Name Distance
Bus stop Great Ancoats Street/Adair Street 0.0 miles
Shop Screwfix 0.1 miles
Shop Boels 0.1 miles
Bus stop Great Ancoats Street/Every Street 0.1 miles
Train station Manchester Piccadilly 0.4 miles
Train station Ardwick 0.6 miles
University UCEN Manchester (Shena Simon Campus) 0.6 miles
University University of Law 0.8 miles
Hospital Shiv Lodge Medical Centre 1.7 miles
Hospital The Ailsa Craig Medical Practise 1.7 miles

Street-level crime

Category Count
Total incidents 0

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
Sol Christian Academy Other 0.2 miles Good — 12 Jun 2024
St Anne's RC Primary School Primary 0.2 miles Good — 10 Jul 2015
Co-Op Academy New Islington Primary 0.4 miles Outstanding — 10 Jul 2015
Co-Op Academy Medlock Primary 0.6 miles Requires improvement — 23 Jan 2022
Ashbury Meadow Primary School Primary 0.6 miles Outstanding — 8 Sep 2015

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, Eastbank Tower, M4 £1,375/mo 2 0.01 miles OpenRent
2 Bed Flat, Great Ancoats St, M4 £1,800/mo 2 0.11 miles OpenRent
2 Bed Flat, Great Ancoats St, M4 £1,500/mo 2 0.11 miles OpenRent
2 Bed Flat, Malta Street, M4 £1,495/mo 2 0.14 miles OpenRent
2 Bed Flat, Malta Street, M4 £1,495/mo 2 0.14 miles OpenRent
2 Bed Flat, Malta St, M4 £1,300/mo 2 0.16 miles OpenRent
2 Bed Flat, Crusader Mill, M1 £2,300/mo 2 0.21 miles OpenRent
2 Bed Semi-Detached House, Millbank Street, M1 £3,800/mo 2 0.21 miles OpenRent
2 Bed Flat, Oxygen Tower, M1 £1,700/mo 2 0.23 miles OpenRent
2 Bed Flat, Oxygen Tower, M1 £1,650/mo 2 0.23 miles OpenRent

Average rent: £1,842/mo (10 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.62%
Max investor price (0.8%) £196,875
Target investor price (1%) £157,500
Gross yield 7.5%
Cost-to-rent ratio 13.4×
Monthly cashflow £398/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 6.5%
  • 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).