Sold STC Flat

Flat 13

NQ4, 2A Naval Street, Manchester, M4 6BA

2 beds 1 baths Listed 21 May 2026 (-61d)

£100,000

Guide Price

Reduced on 8 Jul 2026

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# 2 bedroom apartment for sale (M4 6BA)

## Property Details

| Key | Value |
|-----|-------|
| Address | Flat 13, NQ4, 2A Naval Street, Manchester, M4 6BA |
| Price | £100,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | D |

## Description

TO BE SOLD BY ONLINE AUCTION ON 22-23RD JULY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS

Flat 13, NQ4 Building, 2A Naval Street, Manchester, M4 6BA

An excellent opportunity to acquire a tenanted two-bedroom investment property within the highly sought-after NQ4 Building, ideally positioned in Manchester’s vibrant Northern Quarter. This attractive city centre apartment presents an ideal addition to any buy-to-let portfolio, offering immediate rental income and strong long-term investment potential.

The property is currently tenanted on a rolling AST from 28/07/2021, generating a rental income of £1,200 PCM.

Internally, the accommodation comprises an entrance hallway with utility storage and telephone entry system, a spacious open-plan lounge/kitchen with large windows allowing plenty of natural light, two well-proportioned double bedrooms, and a modern three-piece bathroom suite.

The property benefits from its prime central location, appealing strongly to young professionals and city centre tenants, making it a consistently desirable rental investment.

**VIRTUAL VIEWING COMING SOON**

Here are some similar properties taken from Land Registry which have sold close by that highlight the potential:

Flat 61, M M2 Apartments, Pickford Street, Manchester, M4 5BS Sold 10/03/2026 £230,000 0.15 mi

Flat 77, The Sorting House, 83, Newton Street, Manchester, M1 1ER Sold 16/02/2026 £288,000 0.25 mi

Flat 34, 47, Bengal Street, Manchester, M4 6BB Sold 05/03/2026 £205,000 0.03 mi

The property is situated within Manchester’s Northern Quarter, a central location popular with tenants due to its proximity to Piccadilly Station, Manchester Arndale, universities, and the city’s main business districts. The area benefits from strong rental demand and excellent transport links, making it a popular choice for buy-to-let investors.

EPC Rating C.

Please note: The current photographs have been provided to us, and Edward Mellor are yet to carry out an internal inspection of the property. Updated photographs and marketing material will be provided once available.

## Property Photos

- ![f20663b1ee21aab451a7be33015ffc83.jpg](/listings/photos/88794567/1224075) - f20663b1ee21aab451a7be33015ffc83.jpg
- ![3.jpeg](/listings/photos/88794567/1224076) - 3.jpeg
- ![2.jpeg](/listings/photos/88794567/1224077) - 2.jpeg
- ![4.jpeg](/listings/photos/88794567/1224078) - 4.jpeg
- ![6.jpeg](/listings/photos/88794567/1224079) - 6.jpeg
- ![5.jpeg](/listings/photos/88794567/1224080) - 5.jpeg

## EPC Graphs

- ![EPC epcgraph.co.uk](/listings/photos/88794567/1224081) - EPC epcgraph.co.uk

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| STONEBRIDGE HOUSE, 5 FLAT 12 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB | £171,000 | 15/09/2025 | Flat |
| 1A FLAT 6 CANAL STREET, MANCHESTER, GREATER MANCHESTER, M1 3HE | £228,000 | 27/10/2023 | Flat |
| 14 FLAT 21 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £155,000 | 05/06/2023 | Flat |
| 5 APARTMENT 1003 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP | £190,000 | 26/05/2023 | Flat |
| 14 FLAT 26 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £230,000 | 30/11/2022 | Flat |
| 5 APARTMENT 603 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP | £226,500 | 06/10/2022 | Flat |
| 5 APARTMENT 117 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR | £190,000 | 07/09/2022 | Flat |
| STONEBRIDGE HOUSE, 5 FLAT 45 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB | £304,000 | 07/09/2022 | Flat |
| 5 APARTMENT 303 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR | £195,000 | 26/08/2022 | Flat |
| LEXINGTON, 42 FLAT 27 CHORLTON STREET, MANCHESTER, GREATER MANCHESTER, M1 3HW | £265,000 | 01/08/2022 | Flat |
| STONEBRIDGE HOUSE, 5 FLAT 44 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB | £282,000 | 29/07/2022 | Flat |
| 5 APARTMENT 411 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR | £205,500 | 14/07/2022 | Flat |
| 5 APARTMENT 1004 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP | £198,000 | 11/07/2022 | Flat |
| STONEBRIDGE HOUSE, 5 FLAT 11 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB | £145,000 | 18/05/2022 | Flat |
| 5 APARTMENT 315 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR | £352,000 | 28/03/2022 | Flat |
| 14 FLAT 20 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £205,000 | 15/03/2022 | Flat |
| LEXINGTON, 42 FLAT 1 CHORLTON STREET, MANCHESTER, GREATER MANCHESTER, M1 3HW | £169,500 | 28/02/2022 | Flat |
| 14 FLAT 19 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £210,000 | 29/11/2021 | Flat |
| 14 FLAT 17 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £200,000 | 05/11/2021 | Flat |
| 14 FLAT 23 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS | £220,000 | 05/11/2021 | Flat |

**Area average:** £217,075 (20 sales)

## Price vs local average

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

- **Local average:** £265,436 (78 Flat, M4, 2024–2026)
- **Deviation:** -62.3%

## 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):** £474/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, Great Ancoats Street, M4 | £1,300/mo | 2 | 0.43 miles | OpenRent |
| 2 Bed Flat, Oldham Road, M4 | £1,200/mo | 2 | 0.53 miles | OpenRent |

**Average rent: £1,250/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 1.25% (strong)
- **Max investor price (0.8%):** £156,250
- **Target investor price (1%):** £125,000

*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 £1,250/mo).*

- **Gross yield:** 15%
- **Cost-to-rent:** 6.7×
- **Monthly cashflow:** £706/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 29.2%

*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)

Listing type

Auction

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Property details

Listing category

Auction

Tenure

LEASEHOLD

Council tax band

Local average

£265,436 (-62.3%)

Deprivation

Decile 4 (12,725 of 33,755)

Street crime

4 incidents within 1 mile (May 2026)

Key features

TO BE SOLD BY ONLINE AUCTION
Tenanted Investment Property
Generating £1200 Per Month Rental Income
Prime Northern Quarter Location
Two Double Bedrooms
EPC Rating C

Description

TO BE SOLD BY ONLINE AUCTION ON 22-23RD JULY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS
Flat 13, NQ4 Building, 2A Naval Street, Manchester, M4 6BA
An excellent opportunity to acquire a tenanted two-bedroom investment property within the highly sought-after NQ4 Building, ideally positioned in Manchester’s vibrant Northern Quarter. This attractive city centre apartment presents an ideal addition to any buy-to-let portfolio, offering immediate rental income and strong long-term investment potential.
The property is currently tenanted on a rolling AST from 28/07/2021, generating a rental income of £1,200 PCM.
Internally, the accommodation comprises an entrance hallway with utility storage and telephone entry system, a spacious open-plan lounge/kitchen with large windows allowing plenty of natural light, two well-proportioned double bedrooms, and a modern three-piece bathroom suite.
The property benefits from its prime central location, appealing strongly to young professionals and city centre tenants, making it a consistently desirable rental investment.
VIRTUAL VIEWING COMING SOON
Here are some similar properties taken from Land Registry which have sold close by that highlight the potential:
Flat 61, M M2 Apartments, Pickford Street, Manchester, M4 5BS Sold 10/03/2026 £230,000 0.15 mi
Flat 77, The Sorting House, 83, Newton Street, Manchester, M1 1ER Sold 16/02/2026 £288,000 0.25 mi
Flat 34, 47, Bengal Street, Manchester, M4 6BB Sold 05/03/2026 £205,000 0.03 mi
The property is situated within Manchester’s Northern Quarter, a central location popular with tenants due to its proximity to Piccadilly Station, Manchester Arndale, universities, and the city’s main business districts. The area benefits from strong rental demand and excellent transport links, making it a popular choice for buy-to-let investors.
EPC Rating C.
Please note: The current photographs have been provided to us, and Edward Mellor are yet to carry out an internal inspection of the property. Updated photographs and marketing material will be provided once available.

Listed by

Auction

Edward Mellor Ltd

Reference: 88794567

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC epcgraph.co.uk

Price history

Event	Date	Price	% change
Listed for sale	—	£100,000	—

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
STONEBRIDGE HOUSE, 5 FLAT 12 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB	£171,000	15/09/2025	Flat
1A FLAT 6 CANAL STREET, MANCHESTER, GREATER MANCHESTER, M1 3HE	£228,000	27/10/2023	Flat
14 FLAT 21 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS	£155,000	05/06/2023	Flat
5 APARTMENT 1003 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP	£190,000	26/05/2023	Flat
14 FLAT 26 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS	£230,000	30/11/2022	Flat
5 APARTMENT 603 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP	£226,500	06/10/2022	Flat
5 APARTMENT 117 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR	£190,000	07/09/2022	Flat
STONEBRIDGE HOUSE, 5 FLAT 45 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB	£304,000	07/09/2022	Flat
5 APARTMENT 303 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR	£195,000	26/08/2022	Flat
LEXINGTON, 42 FLAT 27 CHORLTON STREET, MANCHESTER, GREATER MANCHESTER, M1 3HW	£265,000	01/08/2022	Flat
STONEBRIDGE HOUSE, 5 FLAT 44 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB	£282,000	29/07/2022	Flat
5 APARTMENT 411 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR	£205,500	14/07/2022	Flat
5 APARTMENT 1004 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BP	£198,000	11/07/2022	Flat
STONEBRIDGE HOUSE, 5 FLAT 11 COBOURG STREET, MANCHESTER, GREATER MANCHESTER, M1 3GB	£145,000	18/05/2022	Flat
5 APARTMENT 315 PICCADILLY PLACE, MANCHESTER, GREATER MANCHESTER, M1 3BR	£352,000	28/03/2022	Flat
14 FLAT 20 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS	£205,000	15/03/2022	Flat
LEXINGTON, 42 FLAT 1 CHORLTON STREET, MANCHESTER, GREATER MANCHESTER, M1 3HW	£169,500	28/02/2022	Flat
14 FLAT 19 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS	£210,000	29/11/2021	Flat
14 FLAT 17 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS	£200,000	05/11/2021	Flat
14 FLAT 23 WHITWORTH STREET, MANCHESTER, GREATER MANCHESTER, M1 3BS	£220,000	05/11/2021	Flat

Area average: £217,075 (20 sales)

Capital growth trend

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

5y growth -21.6%

10y growth 31.1%

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

1y (index) -1.4%

5y (index) 8.8%

10y (index) 57%

Rental Range

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

Low £1,217/mo

Realistic £1,352/mo

Optimistic £1,487/mo

Based on Local Authority from postcode lookup → Manchester.

LHA (30th percentile) floor for East Lancs: £474/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M4 6BA

Address

44 Aytoun Street

Nearby

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

Type	Name	Distance
Shop	Pollen	0.0 miles
Bus stop	Aytoun Street/Minshull Street	0.0 miles
Shop	Barkside	0.0 miles
Bus stop	Manchester City Centre, Aytoun Street / adjacent Minshull Street	0.0 miles
University	UCEN Manchester (Shena Simon Campus)	0.1 miles
Train station	Manchester Piccadilly	0.2 miles
University	Manchester Metropolitan University	0.3 miles
Train station	Manchester Oxford Road	0.4 miles
Hospital	The Ailsa Craig Medical Practise	1.9 miles
Hospital	Shiv Lodge Medical Centre	2.0 miles

Street-level crime

Category	Count
Violence and sexual offences	3
Drugs	1
Total incidents	4

Within 1 mile during May 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
Abbey College Manchester	Other	0.5 miles	— (No rating)
The Manchester Metropolitan University	Other	0.5 miles	— (No rating)
Co-Op Academy New Islington	Primary	0.5 miles	Outstanding — 10 Jul 2015
Sol Christian Academy	Other	0.6 miles	Good — 12 Jun 2024
Co-Op Academy Medlock	Primary	0.6 miles	Requires improvement — 23 Jan 2022

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, Great Ancoats Street, M4	£1,300/mo	2	0.43 miles	OpenRent
2 Bed Flat, Oldham Road, M4	£1,200/mo	2	0.53 miles	OpenRent

Average rent: £1,250/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.25%

Max investor price (0.8%) £156,250

Target investor price (1%) £125,000

Gross yield 15%

Cost-to-rent ratio 6.7×

Monthly cashflow £706/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 29.2%

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).