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MURRAYS MILLS, 50, BENGAL STREET, MANCHESTER, GREATER MANCHESTER M4 6LR

2 beds 2 baths 872 sq ft Listed 18 Feb 2026 (-96d)

£415,000

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Property details

Tenure

LEASEHOLD (241 years remaining on lease)

Floor area

81 m²

Council tax band

C

EPC rating

C

Last sold

£330,000 Jun 2019

Price per m²

£5,123/m²

Local average

£268,000 (+54.9%)

Street crime

5 incidents within 1 mile (Mar 2026)

Key features

  • Two Double Bedrooms
  • Two Bathrooms
  • Corner Unit
  • First Floor
  • Stunning Original Features Throughout
  • EPC Rating C
  • Secure Allocated Parking
  • 24 Hour Concierge, Communal Courtyard & Bike Storage
  • 1001 sq ft
  • Central Ancoats Location

Additional details

Parking
Yes

Description

A superb two-bedroom apartment positioned on the first floor of the RIBA award-winning Murrays’ Mills, one of the city’s most desirable mill conversions.

Set within the historic Old Mill building, this beautifully presented home retains an abundance of original character, including exposed brickwork, cast-iron columns, and timber beams, blending industrial heritage with contemporary living.

Its corner position, with windows on three sides, provides a brighter aspect than many apartments in the development. The apartment further benefits from secondary glazing throughout, enhancing both warmth and sound insulation.

The accommodation briefly comprises a welcoming entrance hallway leading to two generous double bedrooms and two bathrooms. The property further benefits from a spacious open-plan kitchen, dining, and living area, providing excellent proportions for both relaxing and entertaining.

This owner-occupier-only development offers a 24-hour concierge service and an impressive communal courtyard, with secure parking included.

Murrays Mill - The Murray brothers began construction in 1797, starting with Old then Decker Mills. New Mill followed quickly, and the mills were then connected by linking wings. All but one wing remains, as do the engine houses and the chimney.

Murrays' Mills is a beautiful conversion located in the heart of Ancoats. The development is made up of Grade II & II* listed buildings with apartment 94 residing in New Mill. The development offers a 24 hour concierge, CCTV around the complex and gated access to the large communal courtyard. Murrays’ Mills is an owner occupier development and has a strong sense of community which makes it unique in Manchester.

The Tour - This two-bedroom apartment is situated on the first floor of the former Old Mill, offering a blend of contemporary living and historic character. Upon entering, you are welcomed by a spacious hallway leading to two generous double bedrooms and two bathrooms. All windows have been fitted with secondary glazing, aiding noise traffic and warmth.

The property boasts a bright open-plan living and kitchen area, featuring a fully fitted Makintosh kitchen with a tiled splashback, stainless steel sink with Hansgrohe tap, integrated Neff oven and hob, and CDA dishwasher, fridge, and freezer. Wall-mounted electric heaters and LED dimmer downlights create a warm, inviting atmosphere throughout the kitchen and living spaces. An additional dining area and a versatile nook highlight the apartment’s original exposed brickwork.

Both bedrooms are fully carpeted, with large windows benefiting from secondary glazing and LED downlights throughout. The principal bedroom includes a built-in wardrobe along with TV and satellite points.

The bathrooms are fully tiled and fitted with Duravit three-piece suites. The family bathroom offers a shower over the bath, while the en-suite features a walk-in shower. Both are finished with Hansgrohe chrome fittings, large mirrors with vanity shelves, LED lighting, heated chrome towel rails, downlights, and partially tiled walls.

The Area - Murrays' Mills is located in the heart on Ancoats, surrounded by many independent businesses including Mana, a Michelin star restaurant, Pollen, Rudys & general store. Across the road from Murrays' Mills is the Rochdale Canal and the ever popular Ancoats Marina perfect for a short walk or lunch spot on a summers day. Ancoats is also extremely close to the Northern Quarter & Piccadilly Train Station all within a 10-15 minute walk away.

Lease Information - - Service charge - £4119 per annum
- Buildings insurance - £811.57 per annum
- Car Park service charge - £ per annum.
- Ground rent - £375 per annum. No review for 15 years. Then review with RPI every 10 years.
- Lease - 250 years from 2017.

Listed by

Manchester

Reside

Reference: 172355822

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 10/05/2019

Current heating cost: £277/year

Potential heating cost: £277/year

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EE Rating

EE Rating

Price history

Event Date Price % change
Listed for sale £415,000 +25.8%
Sold 18/06/2019 (6 years ago) £330,000

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
PARAGON MILL, 4 APARTMENT PM 304 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5AX £335,000 19/12/2025 Flat
M M2 APARTMENTS FLAT 48 PICKFORD STREET, MANCHESTER, GREATER MANCHESTER, M4 5BS £245,000 12/12/2025 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
MURRAYS MILLS, 50 119 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LS £370,000 01/08/2025 Flat
ROYAL MILLS, 16 APARTMENT M C 406 JERSEY STREET, MANCHESTER, GREATER MANCHESTER, M4 6JA £292,500 28/03/2025 Flat
MURRAYS MILLS, 50 45 BENGAL STREET, MANCHESTER, GREATER MANCHESTER, M4 6LR £275,000 31/01/2025 Flat
ROYAL MILLS, 2 APARTMENT RM 503 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5BZ £245,000 19/12/2023 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
1 APARTMENT 19 JERSEY STREET, MANCHESTER, GREATER MANCHESTER, M4 6JA £141,500 17/11/2023 Flat
ROYAL MILLS, 2 APARTMENT RM 404 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5BZ £218,000 06/10/2023 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
PARAGON MILL, 4 APARTMENT PM 108 COTTON STREET, MANCHESTER, GREATER MANCHESTER, M4 5AX £242,450 22/08/2023 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

Area average: £288,223 (20 sales)

Capital growth trend

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

5y growth -1.6%
10y growth 57.5%

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

1y (index) 1.2%
5y (index) 15.9%
10y (index) 61.1%

Rental Range

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

Low £1,214/mo
Realistic £1,349/mo
Optimistic £1,484/mo

Based on Local Authority from postcode lookup → Manchester.

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

Location

Address

10 Redhill Street

Nearby

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

Type Name Distance
Shop Duffy's Barbers 0.0 miles
Shop Ancoats Deli 0.0 miles
Bus stop Ancoats, Great Ancoats Street / near Jersey Street 0.1 miles
Bus stop Ancoats, Great Ancoats Street / near Rochdale Canal 0.1 miles
Train station Manchester Piccadilly 0.5 miles
University University of Law 0.6 miles
University UCEN Manchester (Shena Simon Campus) 0.6 miles
Train station Manchester Victoria 0.7 miles
Hospital Plymouth Grove Medical Centre 1.4 miles
Hospital Manchester Royal Infirmary 1.5 miles

Street-level crime

Category Count
Other theft 2
Violence and sexual offences 2
Theft from the person 1
Total incidents 5

Within 1 mile during Mar 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
Co-Op Academy New Islington Primary 0.1 miles Outstanding — 10 Jul 2015
St Patrick's RC Primary School Primary 0.4 miles Good — 13 Jan 2022
Abbott Community Primary School Primary 0.5 miles Outstanding — 12 Feb 2019
St Anne's RC Primary School Primary 0.5 miles Good — 10 Jul 2015
The Cooperative College Other 0.6 miles (No rating)

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, Port St, M1 £2,450/mo 2 0.16 miles OpenRent
2 Bed Flat, Port St, M1 £1,800/mo 2 0.17 miles OpenRent
2 Bed Flat, Port Street, M1 £1,795/mo 2 0.17 miles OpenRent
2 Bed Flat, Port St, M1 £1,850/mo 2 0.17 miles OpenRent
2 Bed Flat, Port St, M1 £2,000/mo 2 0.17 miles OpenRent
2 Bed Flat, Oldham Road, M4 £1,500/mo 2 0.23 miles OpenRent
2 Bed Flat, Oxygen Tower, M1 £1,700/mo 2 0.25 miles OpenRent
2 Bed Semi-Detached House, Millbank Street, M1 £3,800/mo 2 0.26 miles OpenRent
2 Bed Flat, Oxygen Tower, M1 £1,650/mo 2 0.27 miles OpenRent

Average rent: £2,061/mo (9 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.43%
Max investor price (0.8%) £225,000
Target investor price (1%) £180,000
Gross yield 5.2%
Cost-to-rent ratio 19.2×
Monthly cashflow £-39/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -0.4%
  • 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).