# 1 bedroom apartment for sale (M4 5EF)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 406, DELUNA HOUSE, 2, CORNELL STREET, MANCHESTER, GREATER MANCHESTER M4 5EF |
| Price | £224,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £205,000 Jun 2022 |

## Description

This spacious one bedroom apartment is on the fourth floor of Deluna House in Ancoats.

Benefiting from an open plan living/kitchen area with a Juliet balcony and floor-to-ceiling

windows. The apartment has a high quality finish throughout, this includes Neff appliances,

LVT flooring and a modern specification. 

Deluna House is in the heart of Ancoats, seconds from Cutting Room Square and the Northern Quarter where many independent bars, cafes and restaurants are situated. You're only a short walk to both Piccadilly Train Station and Victoria Station for longer commutes outside of Manchester City Centre. 

The apartment is being sold fully furnished.

**The Tour** - Deluna House is a development with a great community feel. With only 38 apartments spread across 6 floors, this apartment is on the 4th Floor.

Living/kitchen area: Amtico Honey Oak flooring, floor to ceiling windows with a Juliet balcony, handless door and drawer fronts with composite 25mm square-edged work surfaces. Integrated Neff ceramic hob, oven cooker hood, integrated Zanussi fridge-freezer and automatic dishwasher, undermount composite sink unit with swan neck monoblock mixer tap.

Bedroom: Wool twist carpet, floor to ceiling windows, TV and satellite point, ample storage including underbed drawers.

Bathroom: Jack and Jill bathroom with porcelanosa tile flooring and porcelanosa ceramic tiled walls. 3 piece suite with Lecico sanitaryware, rainhead shower over bath, large mirror and heated chrome towel rail and down lights.

**The Area** - Deluna House is located in Ancoats, surrounded by a host of independent businesses including Blossom Street Social and Jane Eyre. You also have the Tesco Express on your door step. And you're only a couple of minutes walk from New Islington Marina which is perfect for a short walk or a meal with tranquil views. The Northern Quarter, as well as Piccadilly Train Station are within a 10-15 minute walk away.

**Lease Information** - Length of lease - 247 years remaining.

Service charge - £1,425.74 per annum.

Ground rent - Peppercorn.

## Property Photos

- ![Photo](/listings/photos/167494022/889970)
- ![Photo](/listings/photos/167494022/889971)
- ![Photo](/listings/photos/167494022/889972)
- ![Photo](/listings/photos/167494022/889973)
- ![Photo](/listings/photos/167494022/889977)
- ![Photo](/listings/photos/167494022/889981)
- ![Photo](/listings/photos/167494022/889984)
- ![Photo](/listings/photos/167494022/889985)

## Floorplans

- ![Floorplan 1](/listings/photos/167494022/889987) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/167494022/889988) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| DELUNA HOUSE, 2 FLAT 406 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £205,000 | 16/06/2022 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| CONNECT HOUSE, 1 APARTMENT 21 HENRY STREET, MANCHESTER, GREATER MANCHESTER, M4 5DA | £145,000 | 20/01/2026 | Flat |
| CONNECT HOUSE, 1 APARTMENT 37 HENRY STREET, MANCHESTER, GREATER MANCHESTER, M4 5DA | £193,000 | 11/12/2025 | Flat |
| DELUNA HOUSE, 2 FLAT 601 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £26,500 | 28/11/2025 | Flat |
| ALUMNI COURT, 1 FLAT 6 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5BR | £570,000 | 14/11/2025 | Flat |
| DELUNA HOUSE, 2 FLAT 602 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £335,000 | 31/10/2025 | Flat |
| DELUNA HOUSE, 2 FLAT 505 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £295,000 | 08/10/2025 | Flat |
| 17 ANITA STREET, MANCHESTER, GREATER MANCHESTER, M4 5DU | £290,000 | 23/07/2025 | Flat |
| DELUNA HOUSE, 2 FLAT 304 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £305,000 | 21/07/2025 | Flat |
| COTTON HOUSE, 21 9 BLOSSOM STREET, MANCHESTER, GREATER MANCHESTER, M4 5EP | £450,000 | 07/11/2023 | Flat |
| 7 FLAT 3 ADDINGTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5EU | £228,195 | 25/07/2023 | Flat |
| 7 FLAT 4 ADDINGTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5EU | £327,384 | 04/07/2023 | Flat |
| ALUMNI COURT, 1 FLAT 6 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5BR | £535,000 | 29/06/2023 | Flat |
| 16 ADDINGTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5EU | £446,000 | 30/05/2023 | Flat |
| FLAT 8, 8 CABLE STREET, MANCHESTER, GREATER MANCHESTER, M4 5EG | £228,195 | 05/05/2023 | Flat |
| DELUNA HOUSE, 2 FLAT 504 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £295,000 | 24/10/2022 | Flat |
| DELUNA HOUSE, 2 FLAT 506 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £200,000 | 30/09/2022 | Flat |
| DELUNA HOUSE, 2 FLAT 403 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £298,500 | 09/09/2022 | Flat |
| 6 APARTMENT 505 OLDHAM ROAD, MANCHESTER, GREATER MANCHESTER, M4 5DB | £104,000 | 26/08/2022 | Flat |
| DELUNA HOUSE, 2 FLAT 404 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £282,500 | 19/08/2022 | Flat |
| DELUNA HOUSE, 2 FLAT 501 CORNELL STREET, MANCHESTER, GREATER MANCHESTER, M4 5EF | £305,000 | 17/08/2022 | Flat |

**Area average:** £292,964 (20 sales)

## Price vs local average

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

- **Local average:** £265,436 (78 Flat, M4, 2024–2026)
- **Deviation:** -15.6%

## Rental Range

*ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,217/mo
- **Realistic:** £1,352/mo
- **Optimistic:** £1,487/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for East Lancs (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £424/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 |
|------|------|------|------|------|
| 1 Bed Flat, New Cross Central, M4 | £1,325/mo | 1 | 0.09 miles | OpenRent |
| 1 Bed Flat, Tib Street, M4 | £2,800/mo | 1 | 0.14 miles | OpenRent |

**Average rent: £2,063/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.92% (okay)
- **Max investor price (0.8%):** £257,875
- **Target investor price (1%):** £206,300

*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 £2,063/mo).*

- **Gross yield:** 11.1%
- **Cost-to-rent:** 9.1×
- **Monthly cashflow:** £950/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 17.5%

*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:** -21.6%
- **10y growth:** 31.1%

## House Price Index (HM Land Registry)

*Official index for Manchester; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -1.4%
- **5y growth (index):** 8.8%
- **10y growth (index):** 57%

## 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)