# 1 bedroom apartment for sale (M15 4UB) ## Property Details | Key | Value | |-----|-------| | Address | East Tower, Owen Street, M15, M15 4UB | | Price | £269,500 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | D | | Last sold | £285,000 | ## Description Nestled within one of Manchester's most sought-after developments, East Tower in Deansgate Square, this stunning one-bedroom apartment offers the perfect blend of luxury, convenience, and style. Located on the southern edge of central Manchester, the apartment boasts far-reaching views across the city skyline, with easy access to key areas such as Deansgate Train and Tram Stations (just 0.2 miles away), The University of Manchester (0.5 miles), and the Central Retail District (0.8 miles). East Tower residents enjoy a range of world-class facilities, including a 24/7 concierge service, exceptional health and wellness amenities, a swimming pool, a sports hall, and a beautifully landscaped rooftop garden. The apartment itself is located on 15th floor and is bright, spacious, and finished to the highest standards. The large open-plan living and dining area seamlessly integrates a contemporary kitchen with integrated high-quality appliances. The generous double bedroom features a dedicated dressing area and an elegant en-suite bathroom. An enclosed utility cupboard with freestanding appliances adds practicality to the layout. Additional Information 568 Sq. Ft. Service Charge: £2196 Per Annum Ground Rent £200 Per Annum Building insurance: £330.73 Per Annum Leasehold 992 years left ## Property Photos - ![ (Main)](/listings/photos/94285299/2679455) - (Main) - ![ (Main)](/listings/photos/94285299/2679456) - (Main) - ![ (Main)](/listings/photos/94285299/2679457) - (Main) - ![ (Main)](/listings/photos/94285299/2679458) - (Main) - ![ (Main)](/listings/photos/94285299/2679459) - (Main) - ![ (Main)](/listings/photos/94285299/2679460) - (Main) - ![ (Main)](/listings/photos/94285299/2679461) - (Main) - ![ (Main)](/listings/photos/94285299/2679462) - (Main) - ![Other](/listings/photos/94285299/2679463) - Other - ![Other](/listings/photos/94285299/2679464) - Other - ![Other](/listings/photos/94285299/2679465) - Other - ![Other](/listings/photos/94285299/2679466) - Other - ![Other](/listings/photos/94285299/2679467) - Other - ![Other](/listings/photos/94285299/2679468) - Other ## Floorplans - ![Floorplan 1](/listings/photos/94285299/2679469) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/94285299/2679470) - EPC 1 ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | LUMIERE BUILDING, 38 APARTMENT 702 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QN | £188,000 | 19/12/2025 | Flat | | 9 FLAT A2703 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ | £357,000 | 12/12/2025 | Flat | | 9 FLAT A2006 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ | £328,000 | 26/11/2025 | Flat | | 9 FLAT B1509 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UB | £300,000 | 21/11/2025 | Flat | | LUMIERE BUILDING, 38 APARTMENT 508 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QN | £180,000 | 20/11/2025 | Flat | | HILL QUAYS, 8 FLAT 72 COMMERCIAL STREET, MANCHESTER, GREATER MANCHESTER, M15 4QY | £158,000 | 31/10/2025 | Flat | | THE RHINE, 32 APARTMENT 13 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4TE | £200,000 | 15/07/2025 | Flat | | 9 FLAT A3006 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TT | £372,000 | 07/07/2025 | Flat | | THE RHINE, 32 APARTMENT 14 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4TE | £210,000 | 09/06/2025 | Flat | | THE BOATMANS, 42 APARTMENT 21 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QF | £205,000 | 15/12/2023 | Flat | | 9 FLAT B2903 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UD | £388,000 | 15/12/2023 | Flat | | 9 FLAT A1906 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TP | £480,000 | 01/12/2023 | Flat | | 9 FLAT A5705 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TW | £650,000 | 30/10/2023 | Flat | | THE BOATMANS, 42 APARTMENT 16 CITY ROAD EAST, MANCHESTER, GREATER MANCHESTER, M15 4QF | £225,950 | 15/09/2023 | Flat | | 9 FLAT B1603 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UB | £374,000 | 08/08/2023 | Flat | | 9 FLAT B5004 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UG | £2,000,000 | 08/08/2023 | Flat | | 9 FLAT A2002 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TQ | £385,300 | 14/07/2023 | Flat | | 9 FLAT B5001 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UG | £2,002,000 | 30/06/2023 | Flat | | 9 FLAT A3401 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4TT | £472,000 | 13/04/2023 | Flat | | 9 FLAT B307 OWEN STREET, MANCHESTER, GREATER MANCHESTER, M15 4UA | £480,000 | 29/03/2023 | Flat | **Area average:** £497,763 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £229,178 (79 Flat, M15, 2024–2026) - **Deviation:** +17.6% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,242/mo - **Realistic:** £1,380/mo - **Optimistic:** £1,518/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Richmond & Hambleton (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 | |------|------|------|------|------| | 1 Bed Flat, The Ropeworks, M15 | £1,050/mo | 1 | 0.15 miles | OpenRent | | Studio Flat, Chorlton Mill, M1 | £1,450/mo | 1 | 0.34 miles | OpenRent | **Average rent: £1,250/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.46% (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:** 5.6% - **Cost-to-rent:** 18× - **Monthly cashflow:** £39/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 0.6% *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:** -43.8% - **10y growth:** 22% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of July 2026.* - **1y growth (index):** -0.9% - **5y growth (index):** 12.1% - **10y growth (index):** 56.7% ## 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)