# 1 bedroom apartment for sale (M15 4WB) ## Property Details | Key | Value | |-----|-------| | Address | Cornbrook Road, Old Trafford, Trafford, M15 4WB | | Price | £260,000 | | Bedrooms | 1 | | Bathrooms | 1 | ## Description Vivere, Manchester – Branded Residences Near City Centre Welcome to Vivere, one of only a handful of branded residential developments in the UK. This striking 24-storey scheme comprises 224 homes, including beautifully designed one and two-bedroom apartments, alongside a limited collection of five luxury penthouses with private terraces. Ideally located just a short 10-minute walk from Manchester city centre, Vivere sets a new benchmark for hotel-style living, combining high-quality homes with an exceptional range of on-site amenities. Investment Highlights Projected 6% rental yields 999-year lease with £0 ground rent 10% deposit on exchange Developed by an experienced, city-centre developer Amenities Residents will benefit from an extensive offering, including: Private dining suite Co-working space Coffee bar Cinema room Games room Fully equipped gym Yoga studio 24/7 concierge service Location & Connectivity Vivere is positioned less than a 1-minute walk from Cornbrook Metrolink Station, offering quick and convenient access across Manchester and beyond: Deansgate/Castlefield – 3 minutes St Peter’s Square – 6 minutes Piccadilly – 9 minutes MediaCityUK – 13 minutes Manchester Airport – 35 minutes Regeneration & Growth The development forms part of the £1 billion Pomona Island regeneration by the Peel Group. This 25-acre waterside masterplan will deliver over 2,700 homes, extensive commercial space, leisure facilities, and a stunning waterfront park—driving long-term capital growth potential. Why Manchester? Manchester continues to be one of the UK’s strongest-performing property markets, with: Leading economic growth among major UK cities Strong population growth and tenant demand Continued rental price increases A thriving student population and graduate retention Developer Forshaw Land & Property Group is an established UK developer with decades of experience transforming underutilised land into vibrant, high-quality residential communities. Secure your apartment at Vivere today. Enquire now to learn more or reserve your preferred unit. ## Property Photos - ![Photo](/listings/photos/89734530/679903) - ![Photo](/listings/photos/89734530/679904) - ![Photo](/listings/photos/89734530/679905) - ![Photo](/listings/photos/89734530/679906) - ![Photo](/listings/photos/89734530/679907) - ![Photo](/listings/photos/89734530/679908) - ![Photo](/listings/photos/89734530/679909) - ![Photo](/listings/photos/89734530/679910) - ![Photo](/listings/photos/89734530/679911) - ![Photo](/listings/photos/89734530/679912) ## Floorplans - ![Floor Plan](/listings/photos/89734530/679913) - Floor Plan ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | TARN HOUSE, 60 APARTMENT 11 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QQ | £184,000 | 15/01/2026 | Flat | | LAKE HOUSE, 66 APARTMENT 7 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QT | £170,000 | 14/01/2026 | Flat | | BROOK HOUSE, 64 APARTMENT 13 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QS | £130,000 | 19/12/2025 | Flat | | BROOK HOUSE, 64 APARTMENT 21 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QS | £165,000 | 28/11/2025 | Flat | | MERE HOUSE, 62 APARTMENT 30 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QR | £190,000 | 19/11/2025 | Flat | | BELLTOWER HOUSE, 347 FLAT 25 CITY ROAD, MANCHESTER, GREATER MANCHESTER, M15 4FW | £292,450 | 15/12/2023 | Flat | | TARN HOUSE, 60 APARTMENT 12 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QQ | £191,000 | 14/12/2023 | Flat | | MERE HOUSE, 62 APARTMENT 39 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QR | £165,000 | 09/10/2023 | Flat | | MERE HOUSE, 62 APARTMENT 2 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QR | £164,000 | 28/09/2023 | Flat | | TARN HOUSE, 60 APARTMENT 5 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QQ | £185,000 | 25/09/2023 | Flat | | MERE HOUSE, 62 APARTMENT 42 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QR | £218,000 | 15/09/2023 | Flat | | TARN HOUSE, 60 APARTMENT 15 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QQ | £185,000 | 25/08/2023 | Flat | | TARN HOUSE, 60 APARTMENT 11 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QQ | £158,000 | 31/07/2023 | Flat | | LAKE HOUSE, 66 APARTMENT 21 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QT | £185,000 | 20/07/2023 | Flat | | BROOK HOUSE, 64 APARTMENT 33 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QS | £240,000 | 14/07/2023 | Flat | | BROOK HOUSE, 64 APARTMENT 5 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QS | £220,000 | 21/06/2023 | Flat | | LAKE HOUSE, 66 APARTMENT 16 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QT | £181,000 | 16/06/2023 | Flat | | WATERHOUSE APARTMENTS, 14 11 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £240,330 | 08/03/2023 | Flat | | MERE HOUSE, 62 APARTMENT 7 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QR | £172,000 | 24/02/2023 | Flat | | LAKE HOUSE, 66 APARTMENT 51 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QT | £197,000 | 23/02/2023 | Flat | **Area average:** £191,639 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £243,036 (72 Flat, M15, 2024–2026) - **Deviation:** +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):** £449/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, Vendor House, M5 | £1,175/mo | 1 | 0.21 miles | OpenRent | | 1 Bed Penthouse, Ordsall Lane, M5 | £1,500/mo | 1 | 0.29 miles | OpenRent | | 1 Bed Flat, Chester Road, M16 | £1,100/mo | 1 | 0.32 miles | OpenRent | | 1 Bed Flat, Ellesmere Street, M15 | £950/mo | 1 | 0.32 miles | OpenRent | | 1 Bed Flat, Silkbank Wharf, M5 | £1,200/mo | 1 | 0.36 miles | OpenRent | | 1 Bed Flat, The Box Works, M15 | £2,000/mo | 1 | 0.37 miles | OpenRent | **Average rent: £1,321/mo (6 listings)** ## 1% Rule - **Rent ratio:** 0.46% (weak for cashflow) - **Max investor price (0.8%):** £148,500 - **Target investor price (1%):** £118,800 *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 £1,188/mo).* - **Gross yield:** 5.5% - **Cost-to-rent:** 18.2× - **Monthly cashflow:** £20/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 0.3% *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:** -27.6% - **10y growth:** 30% ## 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)