# 2 bedroom flat for sale (M15 4LR)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 509, 9 BURTON PLACE, MANCHESTER, GREATER MANCHESTER M15 4LR |
| Price | £190,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | C |
| Last sold | £185,000 Apr 2017 |

## Description

*EWS1 IN PLACE - 

Jordan Fishwick are pleased to offer for sale this two bedroom apartment on the 5th floor of Burton Place in the heart of Castlefield, just a stones throw away from Deansgate and Spinningfields. The apartment briefly comprises of: entrance hall with storage space plus airing cupboard (housing the washing machine), open plan living/dining room with access on to a balcony via bi-folding doors. There is also a fitted kitchen with integrated appliances. There are two bedrooms, master benefitting from fitted wardrobes. Well appointed modern bathroom. Lifts to all floors. The Property also benefits from a parking space. No Chain.

**The Building** - Close to the Manchester Bridgewater Canal and Roman Fort, Castlefield is a popular choice for residents who want easy access into Manchester`s bustling city centre. Terraces at The Wharf, Dukes 92 and Alberts provide the perfect setting meeting venues.  There is easy access onto Manchester`s inner ring road or you are within a short walk to Cornbrook tram stop.

**Entrance Hall** - Long hallway with double storage cupboard, separate airing cupboard and wooden floor.

**Living/Dining Room** - 5.87 x 3.33 (19'3" x 10'11") - This spacious room has a wooden floor, electric heaters, sliding door to bedroom two and large concertina folding doors to the balcony. It also leads to the kitchen.

**Kitchen** - 3.05 x 1.63 (10'0" x 5'4") - Modern fitted kitchen with wall and base units, one and a half bowl sink unit, oven, hob and extractor hood, fridge/freezer.  Tiled floor.

**Bedroom One** - 2.52 x 3.95 (8'3" x 12'11") - Double glazed floor to ceiling window. Electric heater.  Built in desk unit.  Sliding door to living room.

**Bedroom Two** - 3.37 x 2.64 (11'0" x 8'7") - Double glazed floor to ceiling window. Electric heater and double fitted wardrobe

**Bathroom** - 1.98 x 1.68 (6'5" x 5'6") - Three piece suite with shower over the bath, wash hand basin and w.c.  Heated towel rail and tiled floor.

**Externally.** - Balcony off the living room with folding shutters.

**Additional Information.** - Service charge (inclusive of buildings insurance): £1,314.17

Annual ground rent: £504.76

Length of lease: 999 years from 2003

Management company: Realty Management Ltd

The new owner will be liable to pay 0.25% paid into the sinking fund X the number of years that you have owned it for. when you come to sell.

**Agents Notes** - To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.

## Property Photos

- ![Photo](/listings/photos/166483169/551518)
- ![Photo](/listings/photos/166483169/551519)
- ![Photo](/listings/photos/166483169/551520)
- ![Photo](/listings/photos/166483169/551521)
- ![Photo](/listings/photos/166483169/551522)
- ![Photo](/listings/photos/166483169/551523)
- ![Photo](/listings/photos/166483169/551524)
- ![Photo](/listings/photos/166483169/551525)
- ![Photo](/listings/photos/166483169/551526)

## Floorplans

- ![Floorplan 1](/listings/photos/166483169/551527) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/166483169/551528) - EE Rating

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 9 APARTMENT 509 BURTON PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LR | £185,000 | 21/04/2017 | Flat |
| 9 APARTMENT 509 BURTON PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LR | £3,112,313 | 30/06/2014 | 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 |
|---------|-------|------|------|
| 2 APARTMENT 226 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ | £205,000 | 06/02/2026 | Flat |
| TARN HOUSE, 60 APARTMENT 11 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4QQ | £184,000 | 15/01/2026 | Flat |
| 2 FLAT 502 HULME HALL ROAD, MANCHESTER, GREATER MANCHESTER, M15 4LY | £290,000 | 09/01/2026 | Flat |
| 4 APARTMENT 454 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT | £210,000 | 09/01/2026 | Flat |
| 1 APARTMENT 1136 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LE | £210,000 | 09/01/2026 | Flat |
| TIMBER WHARF, 32 APARTMENT 226 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NX | £188,000 | 08/01/2026 | Flat |
| THE BOX WORKS, 4 APARTMENT 410 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU | £230,000 | 15/12/2025 | Flat |
| 42 APARTMENT 214 ELLESMERE STREET, MANCHESTER, GREATER MANCHESTER, M15 4FY | £110,000 | 12/12/2025 | Flat |
| 2 APARTMENT 2111 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GR | £180,000 | 05/12/2025 | Flat |
| 2 APARTMENT 234 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ | £216,000 | 28/11/2025 | Flat |
| 4 APARTMENT 426 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GT | £209,950 | 28/11/2025 | Flat |
| THE BOX WORKS, 4 APARTMENT 202 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU | £266,250 | 28/11/2025 | Flat |
| TIMBER WHARF, 32 APARTMENT 415 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NY | £250,000 | 24/11/2025 | Flat |
| [Same street] 3 APARTMENT 406 BURTON PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LR | £170,000 | 30/10/2025 | Flat |
| THE BOX WORKS, 4 APARTMENT 302 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NU | £250,000 | 10/10/2025 | Flat |
| 2 FLAT 6 HULME HALL ROAD, MANCHESTER, GREATER MANCHESTER, M15 4LY | £235,000 | 22/09/2025 | Flat |
| 3 APARTMENT 312 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GS | £200,000 | 29/08/2025 | Flat |
| [Same street] 3 APARTMENT 201 BURTON PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LR | £130,000 | 31/07/2025 | Flat |
| 1A FLAT 706 SPINNERS WAY, MANCHESTER, GREATER MANCHESTER, M15 4UY | £202,000 | 07/07/2025 | Flat |
| TIMBER WHARF, 32 APARTMENT 511 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NY | £285,000 | 17/06/2025 | Flat |
| TIMBER WHARF, 32 APARTMENT 515 WORSLEY STREET, MANCHESTER, GREATER MANCHESTER, M15 4NY | £190,000 | 17/04/2025 | Flat |
| 3B FLAT 510 SPINNERS WAY, MANCHESTER, GREATER MANCHESTER, M15 4SR | £278,950 | 10/02/2025 | Flat |

**Street average:** £150,000 (2 sales)
**Area average:** £219,508 (20 sales)

## Price vs local average

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

- **Local average:** £241,248 (71 Flat, M15, 2024–2026)
- **Deviation:** -21.2%

## 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):** £549/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, Steele House, M5 | £2,817/mo | 2 | 0.19 miles | OpenRent |
| 2 Bed Flat, Woden Street, M5 | £1,400/mo | 2 | 0.21 miles | OpenRent |

**Average rent: £2,109/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 1.11% (strong)
- **Max investor price (0.8%):** £263,625
- **Target investor price (1%):** £210,900

*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 £2,109/mo).*

- **Gross yield:** 13.3%
- **Cost-to-rent:** 7.5×
- **Monthly cashflow:** £1,125/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 24.5%

*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:** -28.5%
- **10y growth:** 28.3%

## 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)