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Chapel Street, Manchester

North West

£160,000
Listed on 01/01/2026

Property Details

Bedrooms
2
Type
Flat
Area
646 sqft

Description

This two-bedroom, two-bathroom apartment is located on the fourth floor of the City Point 2 development, providing a bright and spacious living area adorned with a juliette balcony. Its central location offers excellent accessibility to Chapel Street and Salford Central station, with Deansgate just a short walk away, making it a prime spot for urban living. While the apartment requires some cosmetic refreshing, it presents a perfect opportunity for first-time buyers or investors looking to add value. With vacant possession and no chain complications, this property allows for an expedient acquisition process and the chance to customize your new home in a sought-after Manchester locale. Leasehold details include: service charge - tbc, ground rent - tbc, and 126 years remaining on the lease.

Investment Analysis

(M3 area)

Below Market Value

This property is priced -35.1% below area average per sq ft

-35.1%
Potential saving
This Property
£248/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£305
Avg Yield
6.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£271,094
10% above area average per sq ft
Potential ROI
+54.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (M3)

Area prices are rising by +12.2% over the last 12 months
3 year growth: -2.9%
5 year growth: -3.5%
Investment Disclaimer: Analysis based on M3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chapel Street, Manchester
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE