# 2 bedroom apartment for sale (M1 2EY) ## Property Details | Key | Value | |-----|-------| | Address | Phoenix, 72 Chapeltown Street, Manchester, M1 2EY | | Price | £290,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | D | | Last sold | £310,000 | ## Description Jordan Fishwick presents this stunning, design led two bedroom apartment by Capital & Centric. With an abundance of modern industrial style and benefitting from a residents garden, bike storage and onsite concierge, Phoenix apartments is one NOT to be missed! Second Floor, open plan aspect, with storage options carefully considered. Laminate flooring throughout with kitchen/ living space complete with top spec integrated appliances, including fridge freezer. Two double bedrooms with wardrobes & built in shelving. With the master including a modern and contemporary en-suite. No Chain. Mortgage Buyers Welcome. **Entrance Hallway** - Leads to all rooms, ample built in storage **Kitchen / Lounge** - 6.61 x 5.20 (21'8" x 17'0") - Stunning room with features such as concrete ceilings, exposed metalwork and full height window and sliding door. Fully fitted kitchen with a range of wall and base units with complimentary kitchen worktop, integrated, fridge / freezer, hand wash basin, dishwasher, oven / hob and extractor fan. **Bedroom One** - 2.75 x 3.45 (9'0" x 11'3") - Laminate flooring, floor to ceiling window, built in wardrobe, spot lighting, exposed concrete and pipe work ceiling. Access to en-suite. **En-Suite** - 2.46 x 1.21 (8'0" x 3'11") - Fully tiled en-suite, enclosed shower cubicle with rain attachment and mixer, heated towel rail, spot lighting, hand wash basin, low level W.C **Bedroom Two** - 2.76 x 4.03 (9'0" x 13'2") - Laminate flooring, floor to ceiling window, built in wardrobe, spot lighting, exposed concrete and pipe work ceiling. **Bathroom** - 2.75 x 2.52 (9'0" x 8'3") - Part tiled bathroom, glass shower screen, shower attachment attachment with mixer, low level w.c, hand wash basin, extractor fan, spot lighting. Access to hot water storage and plumbing for washing machine. **Externally** - Access to communal area, BBQ pit and bike storage in Crusader Mill. **Additional Information** - Service Charge - £3,505.72 Ground Rent- Peppercorn Council Tax Band- D EPC Rating-C Leasehold -250 years from 2015 Managing Agent- Zenith **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. **Disclaimer** - IMPORTANT NOTE TO PURCHASERS: The lease, ground rent and service charges should all be checked via the solicitors for clarification. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as guide to prospective buyers only, and are not precise. If floor plans where included, these may not be to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us. ## Property Photos - ![Photo](/listings/photos/90197985/1579992) - ![Photo](/listings/photos/90197985/1579993) - ![Photo](/listings/photos/90197985/1579994) - ![Photo](/listings/photos/90197985/1579995) - ![Photo](/listings/photos/90197985/1579996) - ![Photo](/listings/photos/90197985/1579997) - ![Photo](/listings/photos/90197985/1579998) - ![Photo](/listings/photos/90197985/1579999) - ![Photo](/listings/photos/90197985/1580000) - ![Photo](/listings/photos/90197985/1580001) - ![Photo](/listings/photos/90197985/1580002) - ![Photo](/listings/photos/90197985/1580003) - ![Photo](/listings/photos/90197985/1580005) - ![Photo](/listings/photos/90197985/1580007) - ![Photo](/listings/photos/90197985/1580009) - ![Photo](/listings/photos/90197985/1580010) ## Floorplans - ![Floorplan 1](/listings/photos/90197985/1580013) - Floorplan 1 ## EPC Graphs - ![EE Rating](/listings/photos/90197985/1580015) - EE Rating ## 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 | | OXYGEN TOWER, 50 FLAT A606 STORE STREET, MANCHESTER, GREATER MANCHESTER, M1 2FS | £195,000 | 16/12/2025 | Flat | | 37 APARTMENT 21 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2AT | £262,500 | 15/12/2025 | Flat | | OXYGEN TOWER, 50 FLAT A1007 STORE STREET, MANCHESTER, GREATER MANCHESTER, M1 2FS | £280,000 | 06/11/2025 | Flat | | 72 FLAT 503 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £285,000 | 24/10/2025 | Flat | | 72 FLAT 206 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £255,000 | 25/07/2025 | Flat | | OXYGEN TOWER, 50 FLAT A3203 STORE STREET, MANCHESTER, GREATER MANCHESTER, M1 2FU | £417,500 | 14/03/2025 | Flat | | OXYGEN TOWER, 50 FLAT A904 STORE STREET, MANCHESTER, GREATER MANCHESTER, M1 2FS | £242,500 | 05/12/2023 | 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 | | 153 APARTMENT 164 GREAT ANCOATS STREET, MANCHESTER, GREATER MANCHESTER, M4 6DN | £155,000 | 08/09/2023 | Flat | | 151 APARTMENT 50 GREAT ANCOATS STREET, MANCHESTER, GREATER MANCHESTER, M4 6DH | £220,000 | 07/09/2023 | Flat | | QUANTUM, 4 APARTMENT 65 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2BH | £290,000 | 25/08/2023 | Flat | | 37 APARTMENT 5 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2AT | £210,000 | 18/08/2023 | Flat | | 72 FLAT 708 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £300,000 | 04/07/2023 | Flat | | OXYGEN TOWER, 50 FLAT A803 STORE STREET, MANCHESTER, GREATER MANCHESTER, M1 2FS | £220,000 | 05/06/2023 | Flat | | CRUSADER MILL, 70 FLAT 504 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EX | £382,500 | 24/02/2023 | Flat | | QUANTUM, 2 APARTMENT 12 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2BJ | £220,000 | 16/01/2023 | Flat | | 153 APARTMENT 99 GREAT ANCOATS STREET, MANCHESTER, GREATER MANCHESTER, M4 6DN | £213,000 | 16/12/2022 | Flat | | 72 FLAT 308 CHAPELTOWN STREET, MANCHESTER, GREATER MANCHESTER, M1 2EY | £310,000 | 15/12/2022 | Flat | **Area average:** £273,900 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £269,361 (60 Flat, M1, 2024–2026) - **Deviation:** +7.7% ## Rental Range *ONS Price Index of Private Rents (Manchester). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,222/mo - **Realistic:** £1,358/mo - **Optimistic:** £1,494/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for West Pennine (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 | |------|------|------|------|------| | 2 Bed Flat, Quantum, M1 | £1,450/mo | 2 | 0.04 miles | OpenRent | | 2 Bed Flat, John Smeaton Court, M1 | £1,100/mo | 2 | 0.04 miles | OpenRent | | 2 Bed Flat, Store Street, M1 | £1,725/mo | 2 | 0.08 miles | OpenRent | | 2 Bed Flat, Great Ancoats St, M4 | £1,650/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Great Ancoats St, M4 | £1,700/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Great Ancoats St, M4 | £1,800/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Great Ancoats Street, M4 | £1,775/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Oxygen Tower, M1 | £1,600/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Oxygen Tower, M1 | £1,700/mo | 2 | 0.1 miles | OpenRent | | 2 Bed Semi-Detached House, Millbank Street, M1 | £3,995/mo | 2 | 0.1 miles | OpenRent | | 2 Bed Flat, Eastbank Tower, M4 | £1,375/mo | 2 | 0.17 miles | OpenRent | | 2 Bed Flat, Eastbank Tower, M4 | £1,500/mo | 2 | 0.17 miles | OpenRent | | 2 Bed Flat, Vesta Street, M4 | £1,800/mo | 2 | 0.22 miles | OpenRent | | 2 Bed Flat, Malta Street, M4 | £1,350/mo | 2 | 0.24 miles | OpenRent | | 2 Bed Flat, Malta Street, M4 | £1,495/mo | 2 | 0.24 miles | OpenRent | | 2 Bed Flat, Every St, M4 | £1,550/mo | 2 | 0.24 miles | OpenRent | | 2 Bed Flat, Malta Street, M4 | £1,495/mo | 2 | 0.27 miles | OpenRent | | 2 Bed Flat, Brewer St, M1 | £1,295/mo | 2 | 0.28 miles | OpenRent | | 2 Bed Flat, Newton Street, M1 | £1,400/mo | 2 | 0.38 miles | OpenRent | | 2 Bed Flat, The Grand, M1 | £1,435/mo | 2 | 0.43 miles | OpenRent | **Average rent: £1,697/mo (23 listings)** ## 1% Rule - **Rent ratio:** 0.53% (weak for cashflow) - **Max investor price (0.8%):** £190,625 - **Target investor price (1%):** £152,500 *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 £1,525/mo).* - **Gross yield:** 6.3% - **Cost-to-rent:** 15.8× - **Monthly cashflow:** £205/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 2.9% *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:** 0.8% - **10y growth:** 26.3% ## House Price Index (HM Land Registry) *Official index for Manchester; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -1.4% - **5y growth (index):** 8.8% - **10y growth (index):** 57% ## 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)