# 1 bedroom apartment for sale (M1 5GH)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 66, MACINTOSH MILLS, 4, CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER M1 5GH |
| Price | £189,950 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 2003-2006 |
| Floor area | 61 m² |
| Last sold | £123,690 May 2009 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Current heating cost:** £329/year
- **Est. upgrade cost to C:** £1,500

### Recommendations
- L2 (£1,200 - £1,800)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8905-9605-6329-1476-1513)

## Description

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

DESCRIPTION

This apartment is conveniently situated in central Manchester, in the most high-demand postal area of M1. 

The spacious, open-plan apartment is finished to the highest standard with luxury interior fittings and fixtures. Large windows ensure plenty of natural light streaming through the property which has been elegantly decorated. The property comes with private balconies and resident-exclusive amenities.

It's hard to find a more convenient area, as the property is located in Deansgate in the heart of Manchester City Centre. Spinningfields Business District, NOMA, the Northern Quarter, and MediaCityUK are all easily accessible. Residents will benefit from being just a short walk from Manchester Oxford Road station, as well as other central transport hubs such as Deansgate.

This apartment offers a strong buy-to-let investment opportunity offering projected returns of 6%. It is ideally located to target the working professional renter demographic in Manchester. The excellent transport links and convenient proximity to employment hubs such as Spinningfields and MediaCityUK is likely to attract demand from this pool of renters.

This property is also located in an area with strong capital growth potential, with property values in the North West are predicted to increase by 28.8% in just 5 years. Enquire now about this lucrative buy to let investment in an exciting Manchester development. 

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

## Property Photos

- ![Photo](/listings/photos/169638086/113313)
- ![Photo](/listings/photos/169638086/113314)
- ![Photo](/listings/photos/169638086/113315)
- ![Photo](/listings/photos/169638086/113316)
- ![Photo](/listings/photos/169638086/113317)
- ![Photo](/listings/photos/169638086/113318)
- ![Photo](/listings/photos/169638086/113319)
- ![Photo](/listings/photos/169638086/113320)

## Floorplans

- ![Floorplan 1](/listings/photos/169638086/113321) - Floorplan 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| MACINTOSH MILLS, 4 APARTMENT 66 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GH | £123,690 | 14/05/2009 | 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 |
|---------|-------|------|------|
| LOCKES YARD, 4 APARTMENT 8 GREAT MARLBOROUGH STREET, MANCHESTER, GREATER MANCHESTER, M1 5AL | £272,000 | 31/10/2025 | Flat |
| CHORLTON MILL, 3 205 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5BY | £215,000 | 22/08/2025 | Flat |
| CHORLTON MILL, 3 506 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5BZ | £415,000 | 16/06/2025 | Flat |
| MACINTOSH MILLS, 4 APARTMENT 42 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GH | £232,500 | 10/11/2023 | Flat |
| MACINTOSH MILLS, 4 APARTMENT 51 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GH | £221,000 | 30/10/2023 | Flat |
| CHORLTON MILL, 3 310 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5BZ | £170,000 | 17/10/2023 | Flat |
| THE FOUNDRY, 2A APARTMENT 34 LOWER CHATHAM STREET, MANCHESTER, GREATER MANCHESTER, M1 5TF | £285,000 | 29/09/2023 | Flat |
| CHORLTON MILL, 3 414 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5BZ | £258,000 | 11/08/2023 | Flat |
| MACINTOSH MILLS, 4 APARTMENT 45 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GH | £425,000 | 31/07/2023 | Flat |
| 1 FLAT 35 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GB | £350,000 | 14/07/2023 | Flat |
| CAMBRIDGE MILL, 5 FLAT 44 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GF | £165,000 | 05/04/2023 | Flat |
| CHORLTON MILL, 3 207 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5BY | £250,000 | 17/03/2023 | Flat |
| 1 FLAT 144 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GB | £299,999 | 20/12/2022 | Flat |
| CHORLTON MILL, 3 205 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5BY | £215,000 | 16/12/2022 | Flat |
| MACINTOSH MILLS, 4 APARTMENT 12 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GG | £340,000 | 16/12/2022 | Flat |
| LINCOLN PLACE, 7 APARTMENT 6 HULME STREET, MANCHESTER, GREATER MANCHESTER, M1 5GL | £190,250 | 09/12/2022 | Flat |
| 1 APARTMENT 6 RIVER STREET, MANCHESTER, GREATER MANCHESTER, M1 5BB | £233,000 | 23/11/2022 | Flat |
| 1 FLAT 122 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5GB | £280,000 | 16/11/2022 | Flat |
| CHORLTON MILL, 3 410 CAMBRIDGE STREET, MANCHESTER, GREATER MANCHESTER, M1 5BZ | £210,000 | 14/11/2022 | Flat |
| LOCKES YARD APARTMENT 34 GREAT MARLBOROUGH STREET, MANCHESTER, GREATER MANCHESTER, M1 5AL | £211,500 | 10/11/2022 | Flat |

**Area average:** £261,912 (20 sales)

## Price vs local average

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

- **Local average:** £296,002 (51 Flat, M1, 2024–2026)
- **Deviation:** -35.8%

## 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, The Quadrangle, M1 | £1,200/mo | 1 | 0.15 miles | OpenRent |
| Studio Flat, Bracken House, M1 | £900/mo | 1 | 0.26 miles | OpenRent |
| Studio Flat, Bracken House, M1 | £900/mo | 1 | 0.26 miles | OpenRent |

**Average rent: £1,000/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.47% (weak for cashflow)
- **Max investor price (0.8%):** £112,500
- **Target investor price (1%):** £90,000

*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 £900/mo).*

- **Gross yield:** 5.7%
- **Cost-to-rent:** 17.6×
- **Monthly cashflow:** £37/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 0.8%

*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).*

## Price per Square Metre

- **£/m²:** £3,114/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -1.5%
- **10y growth:** 27.4%

## House Price Index (HM Land Registry)

*Official index for Manchester; Flats and maisonettes series; as of February 2026.*

- **1y growth (index):** 1.2%
- **5y growth (index):** 15.9%
- **10y growth (index):** 61.1%

## 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)