# 2 bedroom apartment for sale (M40 7NA)

## Property Details

| Key | Value |
|-----|-------|
| Address | Lower Vickers Street, Manchester, M40, M40 7NA |
| Price | £190,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | A |
| Last sold | £194,000 |

## Description

A stunning and very spacious 2 bedroom apartment forming part of a recently completed Grade II listed mill conversion in highly desirable Miles Platting. Character features combine with contemporary and sleek modern fittings to create a property of great charm and with a luxurious finish. Within easy reach of Ancoats and the city centre along the canal towpath. No onward chain. EPC Rating E.

**IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:** We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. 

MCC250134/2

## Property Photos

- ![General Exterior](/listings/photos/162613949/271054) - General Exterior
- ![Living Room](/listings/photos/162613949/271067) - Living Room
- ![Living Room](/listings/photos/162613949/271076) - Living Room
- ![Bedroom 1](/listings/photos/162613949/271087) - Bedroom 1
- ![Bedroom 1](/listings/photos/162613949/271103) - Bedroom 1
- ![Kitchen](/listings/photos/162613949/271112) - Kitchen
- ![Bathroom](/listings/photos/162613949/271120) - Bathroom
- ![Bedroom 2](/listings/photos/162613949/271126) - Bedroom 2
- ![Ensuite](/listings/photos/162613949/271130) - Ensuite
- ![Entrance Hall](/listings/photos/162613949/271134) - Entrance Hall
- ![Kitchen](/listings/photos/162613949/271137) - Kitchen
- ![Bedroom 2](/listings/photos/162613949/271144) - Bedroom 2
- ![Living Room](/listings/photos/162613949/271148) - Living Room
- ![Bedroom 1](/listings/photos/162613949/271152) - Bedroom 1
- ![Bedroom 2](/listings/photos/162613949/271155) - Bedroom 2
- ![Bedroom 1](/listings/photos/162613949/271158) - Bedroom 1
- ![Bedroom 1](/listings/photos/162613949/271163) - Bedroom 1
- ![General Exterior](/listings/photos/162613949/271165) - General Exterior
- ![General Exterior](/listings/photos/162613949/271167) - General Exterior
- ![Surrounding Area](/listings/photos/162613949/271169) - Surrounding Area
- ![General Location](/listings/photos/162613949/271171) - General Location
- ![General Exterior](/listings/photos/162613949/271173) - General Exterior

## Floorplans

- ![Floorplan](/listings/photos/162613949/271174) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/162613949/271175) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £194,000 | 01/01/2025 | — |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| VICTORIA MILL, 10 FLAT 107 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LJ | £124,500 | 13/11/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 107 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £132,440 | 19/03/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 209 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £140,187 | 16/03/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 302 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £182,320 | 04/03/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 312 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £180,000 | 14/02/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 102 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £201,950 | 28/01/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 207 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £195,000 | 23/01/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 411 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £178,500 | 23/01/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 402 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £170,000 | 23/01/2025 | Flat |
| [Same street] VICTORIA MILL, 8 FLAT 311 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7NA | £235,950 | 23/01/2025 | Flat |
| VICTORIA MILL, 10 FLAT 205 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LJ | £95,000 | 11/11/2022 | Flat |
| VICTORIA MILL, 10 FLAT 314 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LL | £150,000 | 24/10/2022 | Flat |
| VICTORIA MILL, 10 FLAT 110 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LJ | £98,000 | 13/09/2022 | Flat |
| VICTORIA MILL, 10 FLAT 111 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LJ | £93,000 | 13/09/2022 | Flat |
| VICTORIA MILL, 10 FLAT 413 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LL | £94,000 | 25/07/2022 | Flat |
| VICTORIA MILL, 10 FLAT 201 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LJ | £107,000 | 24/08/2021 | Flat |
| VICTORIA MILL, 10 FLAT 308 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LL | £145,000 | 09/07/2021 | Flat |
| VICTORIA MILL, 10 FLAT 303 LOWER VICKERS STREET, MANCHESTER, GREATER MANCHESTER, M40 7LL | £110,000 | 09/07/2021 | Flat |

**Street average:** £179,594 (9 sales)
**Area average:** £112,944 (9 sales)

## Price vs local average

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

- **Local average:** £145,812 (17 Flat, M40, 2024–2026)
- **Deviation:** +30.3%

## 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 West Pennine (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 |
|------|------|------|------|------|
| 2 Bed Flat, Malta St, M4 | £1,250/mo | 2 | 0.67 miles | OpenRent |

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

## 1% Rule

- **Rent ratio:** 0.66% (weak for cashflow)
- **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:** 7.9%
- **Cost-to-rent:** 12.7×
- **Monthly cashflow:** £352/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 7.7%

*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:** 4.6%
- **10y growth:** 9.8%

## 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)