# 1 bedroom apartment for sale (M3 4LB)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 13, DEANSGATE QUAY, 388, DEANSGATE, MANCHESTER, MANCHESTER, GREATER MANCHESTER M3 4LB |
| Price | £174,950 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £115,000 Apr 2001 |

## Description

"

**Off Plan Manchester Property Investment – 6% Rental Yields | Hands Off Investment Opportunity**

A completed Manchester city centre development offering contemporary apartments in one of the UK’s most dynamic urban markets, with immediate access to key employment, retail, and leisure districts.

With strong tenant appeal, high-spec interiors, and a proven track record of performance, these centrally located apartments provide an exciting opportunity to invest in quality city property with 6% projected returns.

This property is available to buy-to-let investors and owner-occupiers.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.

The Investment

This completed Manchester city centre development offers investors the potential to earn immediate rental income in a huge market.

With 6% projected returns, a strong history of occupancy, and professional management options available, it’s well suited to both first-time and experienced investors seeking a hands-off, income-generating asset.

The Location

Positioned just moments from Oxford Road station, the development sits at the heart of one of Manchester’s most connected districts.

Residents benefit from effortless access to the Northern Quarter, Spinningfields, the Arndale, and major employment hubs across the city, making these apartments particularly attractive to working professionals who prioritise convenience, lifestyle amenities, and excellent transport links.

The Apartments

Each apartment is finished to a high standard, with fully integrated kitchens, premium flooring, and large windows that maximise natural light.

Designed with modern renters in mind, the interiors blend style and practicality to create comfortable, contemporary living spaces that resonate strongly with Manchester’s fast-growing professional tenant base.

The Development

The development has established a strong reputation for high occupancy rates and dependable rental performance over time.

Its central location, premium apartment spec, and proximity to key cultural, retail, and business destinations help support strong rental appeal.

Key onsite facilities include:

Secure entry system and well-maintained communal areasLift access to main residential floorsDedicated cycle storage for city commutersProximity to gyms, cafes, and everyday amenitiesProfessional building management for smooth day-to-day operation

Why Invest?

6% projected rental returns in one of the UK’s most dynamic city centre rental marketsHighly desirable location close to Oxford Road station, the Northern Quarter, Spinningfields, and major employersCompleted development with a strong track record of occupancy and rental performanceHigh-spec apartments designed specifically to appeal to modern urban professionalsHands-off investment structure with professional management options available

Enquire now to secure your unit and receive a full investment breakdown."

## Property Photos

- ![Photo](/listings/photos/90201459/1301418)
- ![Photo](/listings/photos/90201459/1301419)
- ![Photo](/listings/photos/90201459/1301420)
- ![Photo](/listings/photos/90201459/1301421)
- ![Photo](/listings/photos/90201459/1301422)
- ![Photo](/listings/photos/90201459/1301423)
- ![Photo](/listings/photos/90201459/1301424)
- ![Photo](/listings/photos/90201459/1301425)
- ![Photo](/listings/photos/90201459/1301426)

## Floorplans

- ![Floorplan 1](/listings/photos/90201459/1301427) - Floorplan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| DEANSGATE QUAY, 388 FLAT 13 DEANSGATE, MANCHESTER, GREATER MANCHESTER, M3 4LB | £115,000 | 06/04/2001 | Flat |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| CASTLEGATE, 2 FLAT 507 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4QG | £350,000 | 09/01/2026 | Flat |
| CASTLEGATE, 2 FLAT 410 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4QG | £210,000 | 08/01/2026 | 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 |
| HILL QUAYS, 8 FLAT 72 COMMERCIAL STREET, MANCHESTER, GREATER MANCHESTER, M15 4QY | £158,000 | 31/10/2025 | Flat |
| 9 FLAT A3006 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TT | £372,000 | 07/07/2025 | Flat |
| 2A FLAT B603 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4SB | £430,000 | 20/05/2025 | Flat |
| 9 FLAT B2903 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UD | £388,000 | 15/12/2023 | Flat |
| 384 FLAT 68 DEANSGATE, MANCHESTER, GREATER MANCHESTER, M3 4LA | £205,000 | 14/12/2023 | 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 |
| 2A FLAT A606 CHESTER ROAD, MANCHESTER, GREATER MANCHESTER, M15 4SA | £279,000 | 10/08/2023 | 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 |
| 386 FLAT 42 DEANSGATE, MANCHESTER, GREATER MANCHESTER, M3 4LB | £220,000 | 20/07/2023 | 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:** £522,015 (20 sales)

## Price vs local average

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

- **Local average:** £283,642 (354 Flat, M3, 2024–2026)
- **Deviation:** -38.3%

## 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 Central Greater Manchester (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £773/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, Owen St, M15 | £1,550/mo | 1 | 0.1 miles | OpenRent |
| 1 Bed Flat, Great Bridgewater St, M1 | £1,650/mo | 1 | 0.19 miles | OpenRent |

**Average rent: £1,600/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.91% (okay)
- **Max investor price (0.8%):** £200,000
- **Target investor price (1%):** £160,000

*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 £1,600/mo).*

- **Gross yield:** 11%
- **Cost-to-rent:** 9.1×
- **Monthly cashflow:** £726/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 17.2%

*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:** -13.9%
- **10y growth:** 28.8%

## 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)