# 2 bedroom flat for sale (M4 7BG) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 260, MILLINERS WHARF, 2, MUNDAY STREET, MANCHESTER, GREATER MANCHESTER M4 7BG | | Price | £285,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | C | | Last sold | £180,000 May 2010 | ## Description 2 BED APARTMENT WITH PARKING. An excellent, spacious 8th floor penthouse apartment with fantastic views in the luxurious and sought after Milliners Wharf development. Located in the heart of New Islington, next to the popular areas of Ancoats & the Northern Quarter. 2 BED APARTMENT WITH PARKING. An excellent, spacious 8th floor penthouse apartment with fantastic views in the luxurious and sought after Milliners Wharf development. The property comprises two double bedrooms, storage cupboard, stylish bathroom and en suite shower room to master bedroom with 2nd balcony, spacious open plan living and dining room through to fully fitted kitchen and main balcony. Located in the heart of New Islington, only moments from Ancoats and the Northern Quarter, and conveniently positioned directly next door to New Islington tram stop. Currently let for £1,150pcm on a periodic tenancy, achieving a rental yield of 4.8%. ## Property Photos - ![260Mil5](/listings/photos/157194383/702162) - 260Mil5 - ![260Mil1](/listings/photos/157194383/702163) - 260Mil1 - ![260Mil8](/listings/photos/157194383/702164) - 260Mil8 - ![260Mil4](/listings/photos/157194383/702165) - 260Mil4 - ![260Mil3](/listings/photos/157194383/702166) - 260Mil3 - ![260Mil6](/listings/photos/157194383/702167) - 260Mil6 - ![260Mil2](/listings/photos/157194383/702168) - 260Mil2 - ![260Mil12](/listings/photos/157194383/702169) - 260Mil12 - ![260Mil13](/listings/photos/157194383/702170) - 260Mil13 - ![260Mil14](/listings/photos/157194383/702171) - 260Mil14 - ![260Mil15](/listings/photos/157194383/702172) - 260Mil15 - ![260Mil16](/listings/photos/157194383/702173) - 260Mil16 - ![260Mil7](/listings/photos/157194383/702174) - 260Mil7 - ![260Mil9](/listings/photos/157194383/702175) - 260Mil9 - ![260Mil11](/listings/photos/157194383/702176) - 260Mil11 - ![260Mil10](/listings/photos/157194383/702177) - 260Mil10 - ![Milliners 1](/listings/photos/157194383/702178) - Milliners 1 - ![Milliners 5](/listings/photos/157194383/702179) - Milliners 5 - ![Milliners 3](/listings/photos/157194383/702180) - Milliners 3 - ![Milliners 4](/listings/photos/157194383/702181) - Milliners 4 - ![Photo](/listings/photos/157194383/702182) - ![Photo](/listings/photos/157194383/702183) - ![Photo](/listings/photos/157194383/702184) ## EPC Graphs - ![EE Rating](/listings/photos/157194383/702185) - EE Rating ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | MILLINERS WHARF, 2 APARTMENT 260 MUNDAY STREET, MANCHESTER, GREATER MANCHESTER, M4 7BG | £180,000 | 12/05/2010 | 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 | |---------|-------|------|------| | MILLINER'S WHARF, 2 APARTMENT 78 MUNDAY STREET, MANCHESTER, GREATER MANCHESTER, M4 7BB | £161,000 | 03/12/2025 | Flat | | MILLINER'S WHARF, 2 APARTMENT 179 MUNDAY STREET, MANCHESTER, GREATER MANCHESTER, M4 7BG | £151,000 | 28/11/2025 | Flat | | 1 FLAT 50 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LT | £365,000 | 21/11/2025 | Flat | | ADVENT HOUSE, 2 APARTMENT 53 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP | £120,000 | 21/11/2025 | Flat | | 1 FLAT 29 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LT | £285,000 | 26/09/2025 | Flat | | ADVENT HOUSE, 2 APARTMENT 65 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP | £205,000 | 01/08/2025 | Flat | | 7 FLAT 611 MUNDAY STREET, MANCHESTER, GREATER MANCHESTER, M4 7AZ | £400,000 | 18/07/2025 | Flat | | 1 FLAT 113 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LU | £340,000 | 20/12/2023 | Flat | | 7 FLAT 112 MUNDAY STREET, MANCHESTER, GREATER MANCHESTER, M4 7AZ | £290,000 | 08/12/2023 | Flat | | ADVENT HOUSE, 2 APARTMENT 59 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP | £220,000 | 29/09/2023 | Flat | | 1 FLAT 137 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LU | £225,000 | 12/09/2023 | Flat | | 1 FLAT 72 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LT | £350,000 | 01/09/2023 | Flat | | ADVENT HOUSE, 2 APARTMENT 69 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EP | £198,000 | 11/08/2023 | Flat | | 1 FLAT 29 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LT | £297,500 | 31/07/2023 | Flat | | 1 FLAT 11 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LT | £300,000 | 27/07/2023 | Flat | | MILLINER'S WHARF, 2 APARTMENT 35 MUNDAY STREET, MANCHESTER, GREATER MANCHESTER, M4 7BB | £245,000 | 09/06/2023 | Flat | | 1 FLAT 136 VESTA STREET, MANCHESTER, GREATER MANCHESTER, M4 6LU | £14,000 | 09/01/2023 | Flat | | LOOM BUILDING, 1 FLAT 101 HARRISON STREET, MANCHESTER, GREATER MANCHESTER, M4 7BJ | £210,000 | 21/12/2022 | Flat | | ADVENT HOUSE, 2 APARTMENT 108 ISAAC WAY, MANCHESTER, GREATER MANCHESTER, M4 7EB | £180,000 | 15/12/2022 | Flat | | MILLINER'S WHARF, 2 APARTMENT 103 MUNDAY STREET, MANCHESTER, GREATER MANCHESTER, M4 7BD | £260,000 | 30/11/2022 | Flat | **Area average:** £240,825 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £268,000 (70 Flat, M4, 2024–2026) - **Deviation:** +6.3% ## 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 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, James Brindley Basin, M1 | £700/mo | 2 | 0.26 miles | OpenRent | **Average rent: £700/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.25% (weak for cashflow) - **Max investor price (0.8%):** £87,500 - **Target investor price (1%):** £70,000 *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 £700/mo).* - **Gross yield:** 2.9% - **Cost-to-rent:** 33.9× - **Monthly cashflow:** £-517/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -7.5% *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:** -11.3% - **10y growth:** 72.3% ## 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)