# 2 bedroom apartment for sale (M15 4UG) ## Property Details | Key | Value | |-----|-------| | Address | Deansgate Square, 9 Owen Street, Manchester, M15, M15 4UG | | Price | £600,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | TBC | ## Description WITH PARKING- NOT A STANDARD CORNER- A rare 1,188 sq ft with quality fitted wardrobes. A luxurious and rather spacious two double bedroom apartment with magnificent views situated in East Tower, Deansgate Square. No Chain Rialto is proud to present this exceptional two-bedroom, two-bathroom corner apartment, positioned on the 45th floor of the iconic Deansgate Square, Manchester’s premier residential address. Offering an impressive 1,188 sq ft of refined living space, this beautifully maintained home combines contemporary design with breathtaking panoramic views across the city skyline. Floor-to-ceiling windows flood the apartment with natural light, enhancing the sense of space and elevating the living experience. At the heart of the home is a generous open-plan living, kitchen, and dining area, perfect for both relaxing and entertaining. The sleek, high-spec kitchen features a stylish island and integrated wine fridge, delivering both functionality and sophistication. Both bedrooms are spacious doubles, thoughtfully designed for comfort. The primary suite benefits from a luxurious ensuite shower room, while the second bedroom is served by a large, modern bathroom, both finished with high-quality fitted wardrobes. This outstanding property also includes a highly sought-after allocated parking space within the development. Unrivalled Resident Amenities Deansgate Square sets a benchmark for luxury living, with exclusive access to over 22,000 sq ft of private wellness and leisure facilities. Residents enjoy a 20m indoor swimming pool, state-of-the-art gym, yoga studios, spa, and multi-use sports hall—all maintained daily by a dedicated on-site team. A contemporary business lounge spanning 4,600 sq ft provides an ideal work-from-home environment, complete with private meeting rooms, bookable suites, and elegant dining spaces. Prime City Centre Location Situated in the vibrant Deansgate district, the development is surrounded by Manchester’s finest restaurants, bars, retail, and cultural attractions. Excellent transport links are just moments away, ensuring seamless connectivity in and out of the city. Key Details: Size: 1,188 sq ft (111 sq m) Tenure: Leasehold (approx. 982 years remaining) Ground Rent: £300/year (apartment) + £15/year (parking) Service Charge: £4,191/year (apartment) + £175/year (parking) Building Insurance: £763/year EPC Rating: C EWS1 Rating: A1 (no remedial works required) No Chain, available for viewings This is a rare opportunity to acquire a truly outstanding home in one of Manchester’s most prestigious developments, perfect for those seeking luxury, convenience, and elevated city living. ## Property Photos - ![Picture No. 02](/listings/photos/174791003/538397) - Picture No. 02 - ![Picture No. 05](/listings/photos/174791003/538398) - Picture No. 05 - ![Picture No. 40](/listings/photos/174791003/538399) - Picture No. 40 - ![Picture No. 01](/listings/photos/174791003/538400) - Picture No. 01 - ![Picture No. 03](/listings/photos/174791003/538401) - Picture No. 03 - ![Picture No. 04](/listings/photos/174791003/538402) - Picture No. 04 - ![Picture No. 06](/listings/photos/174791003/538403) - Picture No. 06 - ![Picture No. 07](/listings/photos/174791003/538404) - Picture No. 07 - ![Picture No. 08](/listings/photos/174791003/538405) - Picture No. 08 - ![Picture No. 09](/listings/photos/174791003/538406) - Picture No. 09 - ![Picture No. 39](/listings/photos/174791003/538407) - Picture No. 39 - ![Picture No. 10](/listings/photos/174791003/538408) - Picture No. 10 - ![Picture No. 11](/listings/photos/174791003/538409) - Picture No. 11 - ![Picture No. 12](/listings/photos/174791003/538410) - Picture No. 12 - ![Picture No. 13](/listings/photos/174791003/538411) - Picture No. 13 - ![Picture No. 14](/listings/photos/174791003/538412) - Picture No. 14 - ![Picture No. 15](/listings/photos/174791003/538413) - Picture No. 15 - ![Picture No. 16](/listings/photos/174791003/538414) - Picture No. 16 - ![Picture No. 17](/listings/photos/174791003/538415) - Picture No. 17 - ![Picture No. 18](/listings/photos/174791003/538416) - Picture No. 18 - ![Picture No. 19](/listings/photos/174791003/538417) - Picture No. 19 - ![Picture No. 20](/listings/photos/174791003/538418) - Picture No. 20 - ![Picture No. 21](/listings/photos/174791003/538419) - Picture No. 21 - ![Picture No. 22](/listings/photos/174791003/538420) - Picture No. 22 - ![Picture No. 23](/listings/photos/174791003/538421) - Picture No. 23 - ![Picture No. 24](/listings/photos/174791003/538422) - Picture No. 24 - ![Picture No. 25](/listings/photos/174791003/538423) - Picture No. 25 - ![Picture No. 26](/listings/photos/174791003/538424) - Picture No. 26 - ![Picture No. 27](/listings/photos/174791003/538425) - Picture No. 27 - ![Picture No. 28](/listings/photos/174791003/538426) - Picture No. 28 - ![Picture No. 29](/listings/photos/174791003/538427) - Picture No. 29 - ![Picture No. 30](/listings/photos/174791003/538428) - Picture No. 30 - ![Picture No. 31](/listings/photos/174791003/538429) - Picture No. 31 - ![Picture No. 32](/listings/photos/174791003/538430) - Picture No. 32 - ![Picture No. 33](/listings/photos/174791003/538431) - Picture No. 33 - ![Picture No. 34](/listings/photos/174791003/538432) - Picture No. 34 - ![Picture No. 35](/listings/photos/174791003/538433) - Picture No. 35 - ![Picture No. 36](/listings/photos/174791003/538434) - Picture No. 36 - ![Picture No. 37](/listings/photos/174791003/538435) - Picture No. 37 ## Floorplans - ![Floorplan](/listings/photos/174791003/538436) - Floorplan ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 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 | | HILL QUAYS, 8 FLAT 72 COMMERCIAL STREET, MANCHESTER, GREATER MANCHESTER, M15 4QY | £158,000 | 31/10/2025 | 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 | | 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 | | 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 | | 9 FLAT B1603 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UB | £374,000 | 08/08/2023 | Flat | | 9 FLAT B5004 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UG | £2,000,000 | 08/08/2023 | Flat | | 9 FLAT A2002 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ | £385,300 | 14/07/2023 | Flat | | 9 FLAT B5001 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UG | £2,002,000 | 30/06/2023 | Flat | | 9 FLAT A3401 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TT | £472,000 | 13/04/2023 | Flat | | 9 FLAT B307 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UA | £480,000 | 29/03/2023 | Flat | **Area average:** £497,763 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £241,248 (71 Flat, M15, 2024–2026) - **Deviation:** +148.7% ## 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, Owen Street, M15 | £2,000/mo | 2 | 0.01 miles | OpenRent | | 2 Bed Flat, Owen Street, M15 | £2,500/mo | 2 | 0.01 miles | OpenRent | | 2 Bed Flat, Owen Street, M15 | £2,025/mo | 2 | 0.01 miles | OpenRent | | 2 Bed Flat, Owen St, M15 | £1,850/mo | 2 | 0.01 miles | OpenRent | | 2 Bed Flat, Owen Street, M15 | £2,500/mo | 2 | 0.02 miles | OpenRent | | 2 Bed Flat, Owen Street, M15 | £2,400/mo | 2 | 0.03 miles | OpenRent | | 2 Bed Flat, Lumiere Building, M15 | £1,550/mo | 2 | 0.07 miles | OpenRent | | 2 Bed Flat, City Road East, M15 | £1,300/mo | 2 | 0.07 miles | OpenRent | | 2 Bed Flat, City Road East, M15 | £1,395/mo | 2 | 0.08 miles | OpenRent | | 2 Bed Flat, Lumiere Building, M15 | £1,400/mo | 2 | 0.08 miles | OpenRent | | 2 Bed Flat, Deansgate, M3 | £1,800/mo | 2 | 0.08 miles | OpenRent | | 2 Bed Flat, Jordan St, M15 | £1,600/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Jordan Street, M15 | £1,300/mo | 2 | 0.1 miles | OpenRent | | 2 Bed Flat, Silvercroft St, M15 | £2,300/mo | 2 | 0.14 miles | OpenRent | | 2 Bed Flat, Silvercroft Street, M15 | £1,950/mo | 2 | 0.16 miles | OpenRent | | 2 Bed Flat, Blade Tower, M15 | £1,898/mo | 2 | 0.17 miles | OpenRent | | 2 Bed Flat, Silvercroft St, M15 | £1,900/mo | 2 | 0.17 miles | OpenRent | | 2 Bed Flat, Great Bridgewater St, M1 | £2,175/mo | 2 | 0.22 miles | OpenRent | | 2 Bed Flat, Viadux, M1 | £2,190/mo | 2 | 0.23 miles | OpenRent | **Average rent: £1,896/mo (19 listings)** ## 1% Rule - **Rent ratio:** 0.32% (weak for cashflow) - **Max investor price (0.8%):** £237,500 - **Target investor price (1%):** £190,000 *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 £1,900/mo).* - **Gross yield:** 3.8% - **Cost-to-rent:** 26.3× - **Monthly cashflow:** £-678/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -4.7% *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)