Mortgage calculator
Based on The Melody from £220,000. Illustrative only - not advice.
Estimated monthly payment10% deposit · 30 years · 4.5% fixed
Deposit£22,000 (10%) - Loan amount
- £198,000
- Loan to value
- 90%
- Total repaid
- £361,165
- Total interest
- £163,165
Stamp duty on £220,000: £1,900 moving home, £0 as a first-time buyer (England & Northern Ireland).
Repayment mortgage, fixed rate assumed for the full term. Your home may be repossessed if you do not keep up repayments on your mortgage.
Local market
A 1-bed private let in Manchester averaged £1,003 a month in August 2026.
Indicative gross yield£12,036 a year in rent on £220,000
The average new build in Manchester sold for £234,202 in July 2026; this house is −6% below that.
Gross yield leaves out service charges, ground rent, letting costs, void periods, mortgage interest and tax, and new builds often let for more than the area average. Not advice. Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0. Source: Office for National Statistics licensed under the Open Government Licence v3.0.