# 2 bedroom flat for sale (M3 6DZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT LG-11, ADELPHI WHARF 1, 11, ADELPHI STREET, SALFORD, GREATER MANCHESTER M3 6DZ |
| Price | £212,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £140,000 Sep 2024 |

## 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.

## Property Photos

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## Floorplans

- ![Floor Plan](/listings/photos/157965512/2074985) - Floor Plan

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| ADELPHI WHARF 1, 11 APARTMENT LG-11 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DZ | £140,000 | 23/09/2024 | Flat |
| ADELPHI WHARF 1, 11 APARTMENT LG-11 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DZ | £129,995 | 31/07/2015 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| 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 1, 11 APARTMENT 6-17 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6DN | £132,000 | 14/09/2022 | Flat |
| ADELPHI WHARF 2, 9 106 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6FZ | £232,000 | 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)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £283,416 (359 Flat, M3, 2024–2026)
- **Deviation:** -25.2%

## Rental Range

*ONS Price Index of Private Rents (Salford). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,050/mo
- **Realistic:** £1,167/mo
- **Optimistic:** £1,284/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central Greater Manchester (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £873/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, 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)**

## 1% Rule

- **Rent ratio:** 0.72% (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:** 8.6%
- **Cost-to-rent:** 11.6×
- **Monthly cashflow:** £513/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10%

*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:** -15.5%
- **10y growth:** 29.2%

## House Price Index (HM Land Registry)

*Official index for Salford; Flats and maisonettes series; as of May 2026.*

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

## 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)