# 1 bedroom apartment for sale (M16 0YH)

## Property Details

| Key | Value |
|-----|-------|
| Address | Paragon 503, 49 Seymour Grove, Manchester, M16 0YH |
| Price | £190,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | A |

## Description

Welcome to Paragon 503, a modern apartment located on Seymour Grove in the vibrant city of Manchester. This delightful property features one spacious reception room, perfect for relaxing or entertaining guests. The apartment boasts one well-appointed bedroom, providing a comfortable retreat for rest and relaxation. Additionally, there is a contemporary bathroom that meets all your needs.

This apartment is an excellent opportunity for those looking to invest in the property market or expand their portfolio. Its modern design and prime location make it an attractive option for both first-time buyers and seasoned investors alike. The surrounding area offers a wealth of amenities, including shops, restaurants, and excellent transport links, ensuring that you are well-connected to the heart of Manchester.

Whether you are seeking a stylish home or a promising investment, Paragon 503 presents a unique opportunity to own a piece of this thriving city. Do not miss your chance to explore this fantastic apartment and discover all that it has to offer.

## Property Photos

- ![PXL_20240708_131641603.RAW-01.COVER](/listings/photos/170553476/714183) - PXL_20240708_131641603.RAW-01.COVER
- ![PXL_20240708_131649176.RAW-01.COVER](/listings/photos/170553476/714184) - PXL_20240708_131649176.RAW-01.COVER
- ![PXL_20240708_131708293.RAW-01.COVER](/listings/photos/170553476/714185) - PXL_20240708_131708293.RAW-01.COVER
- ![PXL_20240708_131713587.RAW-01.COVER](/listings/photos/170553476/714186) - PXL_20240708_131713587.RAW-01.COVER
- ![PXL_20240708_131521651.RAW-01.COVER](/listings/photos/170553476/714187) - PXL_20240708_131521651.RAW-01.COVER
- ![PXL_20240708_131515275.RAW-01.COVER](/listings/photos/170553476/714188) - PXL_20240708_131515275.RAW-01.COVER
- ![PXL_20240708_131603907.RAW-01.COVER](/listings/photos/170553476/714189) - PXL_20240708_131603907.RAW-01.COVER
- ![PXL_20240708_131554566.RAW-01.COVER](/listings/photos/170553476/714190) - PXL_20240708_131554566.RAW-01.COVER

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| MADISON APARTMENTS, 41 72 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £103,000 | 20/10/2023 | Flat |
| PARK RISE, 73 APARTMENT 93 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0UB | £100,000 | 12/09/2023 | Flat |
| PARAGON HOUSE, 48 FLAT 607 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0LN | £159,570 | 18/08/2023 | Flat |
| PARAGON, 48 APARTMENT 807 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0LN | £170,149 | 09/06/2023 | Flat |
| PARAGON HOUSE, 48 APARTMENT 207 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0LN | £151,330 | 02/06/2023 | Flat |
| PARAGON, 48 APARTMENT 712 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0LN | £181,370 | 23/12/2022 | Flat |
| MADISON APARTMENTS, 41 16 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £215,000 | 19/10/2022 | Flat |
| MADISON APARTMENTS, 41 51 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £220,000 | 14/10/2022 | Flat |
| MADISON APARTMENTS, 41 63 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £220,000 | 30/05/2022 | Flat |
| MADISON APARTMENTS, 41 2 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £120,000 | 27/05/2022 | Flat |
| MADISON APARTMENTS, 41 69 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £225,000 | 28/03/2022 | Flat |
| PARAGON HOUSE 48 APARTMENT 610 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0LN | £165,049 | 02/03/2022 | Flat |
| MADISON APARTMENTS, 41 71 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £103,000 | 15/02/2022 | Flat |
| MADISON APARTMENTS, 41 59 SEYMOUR GROVE, MANCHESTER, TRAFFORD, GREATER MANCHESTER, M16 0NB | £99,950 | 19/01/2022 | Flat |

**Area average:** £159,530 (14 sales)

## Price vs local average

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

- **Local average:** £188,394 (43 Flat, M16, 2024–2026)
- **Deviation:** +0.9%

## Rental Range

*ONS Price Index of Private Rents (North West). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £869/mo
- **Realistic:** £965/mo
- **Optimistic:** £1,062/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for East Lancs (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £424/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 |
|------|------|------|------|------|
| Studio Flat, Humphrey Road, M16 | £932/mo | 1 | 0.28 miles | OpenRent |

**Average rent: £932/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.49% (weak for cashflow)
- **Max investor price (0.8%):** £116,500
- **Target investor price (1%):** £93,200

*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 £932/mo).*

- **Gross yield:** 5.9%
- **Cost-to-rent:** 17×
- **Monthly cashflow:** £66/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1.4%

*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:** 5.9%
- **10y growth:** 34.9%

## House Price Index (HM Land Registry)

*Official index for North West; Flats and maisonettes series; as of May 2026.*

- **1y growth (index):** 2.2%
- **5y growth (index):** 15%
- **10y growth (index):** 42.4%

## 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)