# 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)