# 1 bedroom apartment for sale (M1 2AT)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 5, 37 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER M1 2AT |
| Price | £169,950 |
| Bedrooms | 1 |
| Last sold | £210,000 Aug 2023 |

## Description

"This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers

Completed - Earn Rental Income from Day 1!

DESCRIPTION

Introducing a modern new development in Manchester, offering 6% rental yields and designed with high-spec fixtures and finishings. Located in a £1 billion regeneration zone in the popular M5 postcode, this property investment opportunity offers excellent capital growth potential in a prime waterfront location. 

Developed by a leading UK property developer, the project features fantastic onsite facilities, including car parking, bicycle storage, and top-tier amenities such as a gym and resident's lounge. An onsite rental company ensures a hands-off investment experience, making this development a perfect choice for investors looking for quality, convenience, and strong returns.

With high tenant demand and a predicted 28.8% capital growth by 2028, Greater Manchester is one of the UK's best places to invest in property. This development is ideally located in Manchester's Salford area, with proximity to popular spots such as MediaCityUK making this a great investment for anyone looking to target the city's young professional market. 

Enquire Today to Receive Floor Plans, Info Pack & Full Investment Breakdown!"

## Property Photos

- ![Photo](/listings/photos/170304806/196231)
- ![Photo](/listings/photos/170304806/196232)
- ![Photo](/listings/photos/170304806/196233)
- ![Photo](/listings/photos/170304806/196234)
- ![Photo](/listings/photos/170304806/196235)

## Floorplans

- ![Floorplan 1](/listings/photos/170304806/196236) - Floorplan 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 37 APARTMENT 5 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2AT | £210,000 | 18/08/2023 | Flat |
| 37 APARTMENT 5 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2AT | £173,000 | 11/11/2016 | 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 |
|---------|-------|------|------|
| CRUSADER MILL, 70 FLAT 321 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £335,000 | 19/12/2025 | Flat |
| 37 APARTMENT 21 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2AT | £262,500 | 15/12/2025 | Flat |
| 72 FLAT 503 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £285,000 | 24/10/2025 | Flat |
| 8 FLAT 2 WHARF CLOSE, MANCHESTER, GREATER MANCHESTER, M1 2WE | £200,000 | 19/09/2025 | Flat |
| 72 FLAT 206 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £255,000 | 25/07/2025 | Flat |
| 72 FLAT 203 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £285,000 | 23/11/2023 | Flat |
| CRUSADER MILL, 70 FLAT 505 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £400,000 | 09/10/2023 | Flat |
| 72 FLAT 708 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £300,000 | 04/07/2023 | Flat |
| 10 FLAT 3 WHARF CLOSE, MANCHESTER, GREATER MANCHESTER, M1 2WE | £220,000 | 21/04/2023 | Flat |
| CRUSADER MILL, 70 FLAT 504 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £382,500 | 24/02/2023 | Flat |
| 72 FLAT 308 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £310,000 | 15/12/2022 | Flat |
| CRUSADER MILL, 70 FLAT 513 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £410,000 | 25/11/2022 | Flat |
| CRUSADER MILL, 70 FLAT 321 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £340,000 | 14/11/2022 | Flat |
| 72 FLAT 201 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £290,000 | 10/11/2022 | Flat |
| CRUSADER MILL, 70 FLAT 322 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £350,000 | 04/11/2022 | Flat |
| 1 FLAT 9 WHARF CLOSE, MANCHESTER, GREATER MANCHESTER, M1 2WE | £210,000 | 02/11/2022 | Flat |
| 72 FLAT 101 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £290,000 | 10/10/2022 | Flat |
| 72 FLAT 508 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £315,000 | 10/10/2022 | Flat |
| 72 FLAT 301 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £295,000 | 07/10/2022 | Flat |
| CRUSADER MILL, 70 FLAT 508 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £425,000 | 07/10/2022 | Flat |

**Area average:** £308,000 (20 sales)

## Price vs local average

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

- **Local average:** £289,340 (52 Flat, M1, 2024–2026)
- **Deviation:** -41.3%

## 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 West Pennine (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £399/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, Whitworth Street, M1 | £929/mo | 1 | 0.23 miles | OpenRent |
| 1 Bed Flat, One Vesta Street, M4 | £1,388/mo | 1 | 0.3 miles | OpenRent |

**Average rent: £1,159/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.68% (weak for cashflow)
- **Max investor price (0.8%):** £144,875
- **Target investor price (1%):** £115,900

*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 £1,159/mo).*

- **Gross yield:** 8.2%
- **Cost-to-rent:** 12.2×
- **Monthly cashflow:** £349/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 8.5%

*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:** -10.3%
- **10y growth:** 25%

## 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)