It sounds like a desirable / trendy part of Manchester? If so, I can’t believe how cheap it is - it would be four times that price in my part of London and several times more than that in many others!
It’s in one of the grottiest, most run down parts of Manchester City centre. An area you walk past quickly on your way from the train station. Desperately being re-branded by developers as ‘Piccadilly Basin’.