# 2 bedroom house for sale (M4 4GU)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 162, 21 ASPIN LANE, MANCHESTER, GREATER MANCHESTER M4 4GU |
| Price | £360,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Floor area | 73 m² |
| Last sold | £377,815 Jul 2022 |

## Description

Nestled in the charming Aspin Lane, Manchester, this exquisite new build house offers a modern living experience that is both stylish and comfortable. Spanning an impressive 786 square feet, the property was completed in 2022 and boasts a contemporary design that caters to the needs of today’s discerning homeowner.

Upon entering, you are welcomed into a spacious open-concept living area that seamlessly blends the kitchen and reception room, creating an ideal space for entertaining guests or enjoying quiet evenings at home. The gourmet kitchen is equipped with high-quality appliances, making it a delight for any culinary enthusiast.

This delightful residence features two tranquil bedrooms, each designed to provide a peaceful retreat. The spa-inspired bathrooms are a standout feature, offering a luxurious experience that invites relaxation and rejuvenation.

Residents of this property will also benefit from a range of exceptional amenities, including a state-of-the-art fitness centre and a residents' lounge, perfect for socialising with neighbours or unwinding after a long day. For those special occasions, a private dining room is available, ensuring that every gathering is memorable.

With the added convenience of a 24-hour concierge service, this home not only provides comfort but also peace of mind. Whether you are looking to buy or rent, this property on Aspin Lane is a remarkable opportunity to embrace modern living in a vibrant Manchester location.

Investment Potential:

Manchester's thriving property market continues to attract investors from around the world. This apartment's prime location, modern features, premium amenities, exquisite finishes, and strong rental demand make it an exceptional investment opportunity, with the potential for both capital appreciation and attractive rental yields.

EPC Rating: C

## Property Photos

- ![1.jpeg](/listings/photos/161284109/599600) - 1.jpeg
- ![2.jpeg](/listings/photos/161284109/599604) - 2.jpeg
- ![3.jpeg](/listings/photos/161284109/599606) - 3.jpeg
- ![4.jpeg](/listings/photos/161284109/599608) - 4.jpeg
- ![5.jpeg](/listings/photos/161284109/599610) - 5.jpeg
- ![6.jpeg](/listings/photos/161284109/599611) - 6.jpeg
- ![7.jpeg](/listings/photos/161284109/599612) - 7.jpeg
- ![8.jpeg](/listings/photos/161284109/599613) - 8.jpeg
- ![9.jpeg](/listings/photos/161284109/599614) - 9.jpeg
- ![10.jpeg](/listings/photos/161284109/599615) - 10.jpeg
- ![11.jpeg](/listings/photos/161284109/599617) - 11.jpeg
- ![12.jpeg](/listings/photos/161284109/599619) - 12.jpeg

## Floorplans

- ![fp.png](/listings/photos/161284109/599621) - fp.png

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 21 FLAT 162 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £377,815 | 12/07/2022 | 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 |
|---------|-------|------|------|
| PARKING SPACE 13, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £477,500 | 07/05/2025 | Other |
| 2 PARKING SPACE 22 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £20,000 | 13/10/2023 | Other |
| [Same street] 21 FLAT 193 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £361,800 | 14/07/2023 | Flat |
| 19 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4DP | £45,000 | 21/06/2023 | Other |
| [Same street] 21 FLAT 188 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £349,500 | 20/01/2023 | Flat |
| [Same street] 21 FLAT 198 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £652,000 | 29/12/2022 | Flat |
| PARKING SPACE 07, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GQ | £20,000 | 21/12/2022 | Other |
| [Same street] 21 FLAT 199 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £697,000 | 30/11/2022 | Flat |
| [Same street] 21 FLAT 200 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £609,500 | 14/10/2022 | Flat |
| [Same street] 21 FLAT 197 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £571,450 | 28/09/2022 | Flat |
| PARKING SPACE 03, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £20,000 | 23/09/2022 | Other |
| 6 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GQ | £500,000 | 16/09/2022 | Other |
| 6 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GQ | £500,000 | 06/09/2022 | Other |
| [Same street] 21 FLAT 192 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £392,000 | 02/09/2022 | Flat |
| [Same street] 21 FLAT 182 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £368,480 | 31/08/2022 | Flat |
| [Same street] 21 FLAT 194 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £264,176 | 27/07/2022 | Flat |
| [Same street] 21 FLAT 195 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £374,905 | 24/06/2022 | Flat |
| [Same street] 21 FLAT 189 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £278,810 | 16/06/2022 | Flat |
| [Same street] 21 FLAT 174 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £258,862 | 20/04/2022 | Flat |
| [Same street] 21 FLAT 179 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £258,862 | 07/04/2022 | Flat |
| [Same street] 21 FLAT 159 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £257,500 | 05/04/2022 | Flat |
| [Same street] 21 FLAT 176 ASPIN LANE, MANCHESTER, GREATER MANCHESTER, M4 4GU | £382,200 | 05/04/2022 | Flat |
| 43 REDBANK, MANCHESTER, GREATER MANCHESTER, M4 4HF | £1,000,000 | 21/12/2021 | Other |
| PARKING SPACE 12, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £20,000 | 30/09/2021 | Other |
| 17 DYCHE STREET, MANCHESTER, GREATER MANCHESTER, M4 4BQ | £520,000 | 23/08/2021 | Other |
| 4 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GQ | £519,950 | 23/08/2021 | Other |
| PARKING SPACE 13, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £20,000 | 13/08/2021 | Other |
| PARKING SPACE 4, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £20,000 | 05/08/2021 | Other |
| PARKING SPACE 11, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £20,000 | 30/06/2021 | Other |
| PARKING SPACE 1, 2 OLD MOUNT STREET, MANCHESTER, GREATER MANCHESTER, M4 4GP | £20,000 | 30/06/2021 | Other |

**Street average:** £405,136 (15 sales)
**Area average:** £248,163 (15 sales)

## Price vs local average

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

- **Local average:** £502,056 (6 Other, M4, 2024–2026)
- **Deviation:** -28.3%

## 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 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, Old Mount Street, M4 | £1,600/mo | 2 | 0.09 miles | OpenRent |
| 2 Bed Flat, Printing Press House, M4 | £2,500/mo | 2 | 0.09 miles | OpenRent |
| 2 Bed Flat, Cypress Place, M4 | £1,320/mo | 2 | 0.14 miles | OpenRent |
| 2 Bed Flat, Masson Place, M4 | £1,200/mo | 2 | 0.18 miles | OpenRent |
| 2 Bed Flat, Dantzic St, M4 | £1,733/mo | 2 | 0.25 miles | OpenRent |

**Average rent: £1,671/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.44% (weak for cashflow)
- **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:** 5.3%
- **Cost-to-rent:** 18.8×
- **Monthly cashflow:** £-3/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -0%

*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).*

## Price per Square Metre

- **£/m²:** £4,932/m²

## Capital growth trend

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

- **5y growth:** -75.8%

## House Price Index (HM Land Registry)

*Official index for Manchester; All dwelling types series; as of March 2026.*

- **1y growth (index):** 1.4%
- **5y growth (index):** 18.2%
- **10y growth (index):** 75.3%

## 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)