# 1 bedroom apartment for sale (M4 6GH)

## Property Details

| Key | Value |
|-----|-------|
| Address | New Little Mill, Ancoats, M4 6GH |
| Price | £250,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | B |
| Last sold | £220,000 |

## Description

Set within a historic, listed mill conversion in the heart of vibrant Ancoats, this apartment blends character with modern living.

Positioned on the second floor, the home is full of charm, with beautiful windows that fill the space with natural light. The layout features a spacious open-plan living and kitchen area, a well-proportioned double bedroom, and a contemporary bathroom—creating a comfortable yet stylish living environment.

Residents of New Little Mill enjoy a strong sense of community, setting it apart within Manchester. The development also benefits from an on-site concierge service and a private atrium.

**New Little Mill** - Situated at the corner of Bengal Street and Jersey Street in Ancoats, Little Mill was originally constructed around 1822 by the Murray Brothers, shortly after the completion of Murrays Mills. The building was initially connected to New Mill via an underground tunnel.

Notably, Little Mill holds the distinction of being the first recorded cotton mill powered by mains electricity. Following a fire in around 1908, the mill was rebuilt and subsequently renamed “New Little Mill.”

**The Tour** - Apartment 31 at New Little Mill is positioned on the second floor and showcases a blend of industrial character and modern specification.

Accessed via a steel front door with satin stainless steel ironmongery, the apartment opens into a spacious open-plan living and kitchen area. This space is enhanced by 18mm engineered oak flooring in a natural finish, exposed brickwork, and striking windows that flood the lounge with natural light. The fully fitted Mackintosh kitchen features Bellato grey base units paired with light grey wall units and a matching 20mm laminate worktop. Additional details include grey tiled splashbacks, Hansgrohe swivel taps, and under-cabinet lighting. Integrated appliances comprise a Neff stainless steel electric oven with black glass hob, along with a CDA fridge, freezer, and dishwasher.

The bedroom is fully carpeted and continues the apartment’s characterful style, featuring large windows, exposed brickwork, LED downlights, built-in wardrobes, and TV and satellite points.

The bathroom is fitted with a contemporary three-piece white suite, including a walk-in shower, Duravit WC and basin set into a solid oak countertop. A large glass mirror and porcelain tiled flooring complete the space.

**The Area** - New Little Mill sits in the heart of Ancoats, surrounded by a thriving mix of independent favourites such as Mana, Pollen, Rudy's Pizza and Ancoats General Store.

Directly opposite, the Rochdale Canal and the ever-popular Ancoats Marina provide a picturesque setting—ideal for a relaxed walk or a sunny lunch spot. The location also offers excellent connectivity, with the Northern Quarter and Manchester Piccadilly Station both within a 10–15 minute walk.

**Lease Information** - 250 year lease from September 2020

Service Charge: £2,462.52

Ground Rent: £200 per annum

Management Company: Rendal & Rittner

## Property Photos

- ![Photo](/listings/photos/87963957/651580)
- ![Photo](/listings/photos/87963957/651581)
- ![Photo](/listings/photos/87963957/651582)
- ![Photo](/listings/photos/87963957/651583)
- ![Photo](/listings/photos/87963957/651584)
- ![Photo](/listings/photos/87963957/651585)
- ![Photo](/listings/photos/87963957/651586)
- ![Photo](/listings/photos/87963957/651587)
- ![Photo](/listings/photos/87963957/651588)
- ![Photo](/listings/photos/87963957/651589)

## Floorplans

- ![Floorplan 1](/listings/photos/87963957/651590) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/87963957/651591) - EE Rating

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 22 FLAT 612 LOOM STREET, MANCHESTER, GREATER MANCHESTER, M4 6AN | £190,000 | 07/01/2026 | Flat |
| ROYAL MILLS, 2 APARTMENT OS 604 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5BW | £263,500 | 12/12/2025 | Flat |
| MURRAYS MILLS, 50 19 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LR | £385,000 | 09/12/2025 | Flat |
| MURRAYS MILLS, 50 51 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LR | £261,500 | 05/12/2025 | Flat |
| K502 KENNEDY BUILDING, 6 MURRAY STREET, MANCHESTER, GREATER MANCHESTER, M4 6HS | £220,000 | 28/11/2025 | Flat |
| MURRAYS MILLS, 50 4 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LR | £405,000 | 14/11/2025 | Flat |
| 20 FLAT 613 LOOM STREET, MANCHESTER, GREATER MANCHESTER, M4 6AN | £185,000 | 17/10/2025 | Flat |
| MURRAYS MILLS, 50 119 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LS | £370,000 | 01/08/2025 | Flat |
| MURRAYS MILLS, 50 45 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LR | £275,000 | 31/01/2025 | Flat |
| ROYAL MILLS, 2 APARTMENT OS 712 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5BW | £390,000 | 15/12/2023 | Flat |
| 47 FLAT 63 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6BB | £200,000 | 04/12/2023 | Flat |
| MURRAYS MILLS, 50 18 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LR | £237,500 | 21/09/2023 | Flat |
| NEW LITTLE MILL, 60 FLAT 6 RADIUM STREET, MANCHESTER, GREATER MANCHESTER, M4 6GH | £237,500 | 25/08/2023 | Flat |
| MURRAYS MILLS, 50 84 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LS | £550,000 | 11/08/2023 | Flat |
| MURRAYS MILLS, 50 48 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LR | £250,000 | 04/08/2023 | Flat |
| 35 APARTMENT 322 RADIUM STREET, MANCHESTER, GREATER MANCHESTER, M4 6AT | £255,000 | 01/08/2023 | Flat |
| K101 KENNEDY BUILDING, 6 MURRAY STREET, MANCHESTER, GREATER MANCHESTER, M4 6HS | £220,000 | 11/07/2023 | Flat |
| MURRAYS MILLS, 50 91 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LS | £327,500 | 26/06/2023 | Flat |
| 20 FLAT 504 LOOM STREET, MANCHESTER, GREATER MANCHESTER, M4 6AN | £200,000 | 05/05/2023 | Flat |
| K404 KENNEDY BUILDING, 6 MURRAY STREET, MANCHESTER, GREATER MANCHESTER, M4 6HS | £290,000 | 31/03/2023 | Flat |

**Area average:** £285,625 (20 sales)

## Price vs local average

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

- **Local average:** £268,000 (70 Flat, M4, 2024–2026)
- **Deviation:** -6.7%

## 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, Royal Mills, M4 | £1,650/mo | 1 | 0.09 miles | OpenRent |
| 1 Bed Maisonette, The Sorting House, M1 | £1,190/mo | 1 | 0.25 miles | OpenRent |
| 1 Bed Flat, Oxygen Tower, M1 | £1,450/mo | 1 | 0.28 miles | OpenRent |
| 1 Bed Flat, Oxygen Tower, M1 | £1,500/mo | 1 | 0.3 miles | OpenRent |
| 1 Bed Flat, Tib Street, M4 | £2,500/mo | 1 | 0.32 miles | OpenRent |
| Studio Flat, Spear St, M1 | £965/mo | 1 | 0.33 miles | OpenRent |

**Average rent: £1,543/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 0.59% (weak for cashflow)
- **Max investor price (0.8%):** £184,375
- **Target investor price (1%):** £147,500

*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 £1,475/mo).*

- **Gross yield:** 7.1%
- **Cost-to-rent:** 14.1×
- **Monthly cashflow:** £318/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5.3%

*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:** -8.7%
- **10y growth:** 71.9%

## 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)