For sale Flat

APARTMENT LG-11

ADELPHI WHARF 1, 11, ADELPHI STREET, SALFORD, GREATER MANCHESTER M3 6DZ

2 beds 2 baths Listed 7 Feb 2025 (-569d)

£212,000

Offers Over

Reduced on 25 Aug 2026

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Property photo

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Property details

Tenure

LEASEHOLD (241 years remaining on lease)

Last sold

£140,000 Sep 2024

Local average

£283,416 (-25.2%)

Street crime

4 incidents within 1 mile (Jun 2026)

Key features

  • Buy-to-Let Opportunity
  • Tenants Currently Situated
  • Spacious Lounge
  • Well Maintained Property
  • Underground Parking Available
  • Likely to attract enquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment Opportunity

Additional details

Parking
Yes

Description

Our latest listing is a 2 bedroom Flat located in Manchester. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has tenants currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features two bedrooms, two bathrooms (including one ensuite), and a bright, open-plan lounge and modern kitchen. The property also benefits from underground parking.

Investment details

It currently produces an annual gross income of £15,600 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.


Tenancy Details

The current tenants have lived in the property for several months and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Listed by

Glasgow

Let Property Sales

Reference: 157965512

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~5,127 m² (1.27 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

Floor Plan

Floor Plan

Price history

8% since 2015

Event Date Price % change
Listed for sale — £212,000 +51.4%
Sold 23/09/2024 (1 year ago) £140,000 +7.7%
Sold 31/07/2015 (11 years ago) £129,995 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
ADELPHI WHARF 2, 9 APARTMENT 411 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GG £138,000 28/01/2026 Flat
ADELPHI WHARF 1, 11 APARTMENT 5-20 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DN £145,000 22/12/2025 Flat
7 LINEN COURT, SALFORD, GREATER MANCHESTER, M3 6JG £245,000 02/12/2025 Flat
7 LINEN COURT, SALFORD, GREATER MANCHESTER, M3 6JG £245,000 02/12/2025 Flat
15 LINEN COURT, SALFORD, GREATER MANCHESTER, M3 6JG £173,000 27/08/2025 Flat
ADELPHI WHARF 3, 7 614 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GL £130,000 27/02/2025 Flat
ADELPHI WHARF 2, 9 APARTMENT 705 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GG £125,000 16/12/2024 Flat
KNIGHTSBRIDGE COURT, 2 APARTMENT 17 BLACKBURN STREET, SALFORD, GREATER MANCHESTER, M3 6FY £175,000 04/12/2024 Flat
ADELPHI WHARF 2, 9 APARTMENT 117 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6FZ £136,000 28/02/2024 Flat
ADELPHI WHARF 3, 7 APARTMENT 310 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GJ £115,000 27/02/2024 Flat
ADELPHI WHARF 1, 11 APARTMENT G-05 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DN £180,000 06/11/2023 Flat
12 CALICO CLOSE, SALFORD, GREATER MANCHESTER, M3 6AH £165,000 22/09/2023 Flat
17 LINEN COURT, SALFORD, GREATER MANCHESTER, M3 6JG £170,000 18/05/2023 Flat
ADELPHI WHARF 2, 9 APARTMENT 502 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GG £115,000 24/02/2023 Flat
ADELPHI WHARF 1, 11 APARTMENT 3-21 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DN £135,000 21/12/2022 Flat
Same street ADELPHI WHARF 1, 11 APARTMENT 3-27 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DZ £216,800 19/12/2022 Flat
61 LINEN COURT, SALFORD, GREATER MANCHESTER, M3 6JG £168,000 14/12/2022 Flat
RICHMOND COURT, 50 APARTMENT 15 NORTH GEORGE STREET, SALFORD, GREATER MANCHESTER, M3 6DW £136,000 23/11/2022 Flat
KNIGHTSBRIDGE COURT, 9 APARTMENT 25 SILK STREET, SALFORD, GREATER MANCHESTER, M3 6LZ £172,500 30/09/2022 Flat
ADELPHI WHARF 2, 9 106 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6FZ £232,000 14/09/2022 Flat
ADELPHI WHARF 1, 11 APARTMENT 6-17 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DN £132,000 14/09/2022 Flat
Same street ADELPHI WHARF 1, 11 APARTMENT 2-33 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DZ £180,000 22/10/2021 Flat

Street average: £198,400 (2 sales)

Area average: £161,625 (20 sales)

Capital growth trend

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

5y growth -15.5%
10y growth 29.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Salford. Series: Flats and maisonettes. As of May 2026.

1y (index) -8.8%
5y (index) 16.5%
10y (index) 66.3%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: DEVONSHIRE HOUSE MANAGEMENT (MID) LTD (12365235)

Rental Range

Estimated market rent for Salford. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,050/mo
Realistic £1,167/mo
Optimistic £1,284/mo

Based on Local Authority from postcode lookup → Salford.

LHA (30th percentile) floor for Central Greater Manchester: £873/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M3 6DZ

Address

11 Adelphi Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Adelphi Street/Peru Street 0.2 miles
Bus stop Silk Street/Mathias Court 0.2 miles
Shop The Food Collective 0.3 miles
Shop Gents Salon 0.3 miles
Train station Salford Crescent 0.5 miles
Train station Salford Central 0.5 miles
University UCEN Manchester (City Campus) 0.8 miles
University University of Law 1.2 miles
Hospital Salford Gastric Bypass Surgery 1.2 miles
Hospital The Ailsa Craig Medical Practise 3.2 miles

Street-level crime

Category Count
Violence and sexual offences 3
Theft from the person 1
Total incidents 4

Within 1 mile during Jun 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
The Cathedral School of St Peter and St John RC Primary Primary 0.2 miles Good — 10 Jul 2022
The Friars Primary School Primary 0.3 miles Good — 24 Apr 2024
University of Salford Other 0.3 miles — (No rating)
St Philip's CofE Primary School Primary 0.4 miles Good — 19 Oct 2023
River View Community Primary School Primary 0.4 miles Good — 13 Jun 2018

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, Block C, M5 £1,500/mo 2 0.31 miles OpenRent
2 Bed Terraced House, West King Street, M3 £1,500/mo 2 0.34 miles OpenRent
2 Bed Penthouse, Salford, M3 £3,350/mo 2 0.44 miles OpenRent
2 Bed Flat, Bloom Street, M3 £3,250/mo 2 0.45 miles OpenRent
2 Bed Flat, Local Blackfriars, M3 £1,600/mo 2 0.45 miles OpenRent
2 Bed Flat, Local Blackfriars, M3 £1,750/mo 2 0.45 miles OpenRent
2 Bed Flat, Middlewood Plaza, M5 £1,495/mo 2 0.5 miles OpenRent
2 Bed Flat, Craven Street, M5 £1,419/mo 2 0.5 miles OpenRent
2 Bed Flat, Craven St, M5 £1,550/mo 2 0.5 miles OpenRent
2 Bed Flat, Fresh, M3 £1,500/mo 2 0.51 miles OpenRent

Average rent: £1,891/mo (10 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.72%
Max investor price (0.8%) £190,625
Target investor price (1%) £152,500
Gross yield 8.6%
Cost-to-rent ratio 11.6×
Monthly cashflow £513/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 10%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).