The Exchange
Salford Quays, Manchester, M5 3NQ
£140,000
Property details
Tenure
LEASEHOLD
Council tax band
C
Last sold
£102,500
Local average
£199,581 (-29.9%)
Street crime
0 incidents within 1 mile (May 2026)
Key features
- Two bedroom two bathroom flat
- Private balcony with city views
- Chain free
- 3-minute walking distance to Salford Quays Metrolink Station
- Residents Gym & on site security (7am-7pm)
- Long lease
Description
The apartment offers approximately 667 sq ft (62 sq m) of living space and has been thoughtfully designed to maximise both space and natural light. At the heart of the home is a generous open-plan living, dining and kitchen area, providing a bright and welcoming space for relaxing or entertaining. The contemporary kitchen comes fully fitted with integrated appliances, while the living area opens onto a private balcony, creating an ideal spot to enjoy some outdoor space with beautiful city views.
There are two well-proportioned double bedrooms, with the principal bedroom benefiting from its own en-suite shower room. The second double bedroom is ideal for guests, a home office or sharers, and is served by a modern family bathroom located off the central hallway.
Residents of The Exchange enjoy access to excellent on-site facilities, including a fully equipped residents' gym and on-site security operating daily from 7am to 7pm, providing added convenience and peace of mind.
The location is one of the property's standout features. Salford Quays Metrolink station is approximately a three-minute walk away, offering direct connections into Manchester city centre and beyond. The vibrant amenities of MediaCityUK are also within easy walking distance, with an excellent selection of restaurants, cafés, bars, shops and waterfront walks all close by.
The apartment is an excellent opportunity for first-time buyers, professionals and investors looking to secure a property in a consistently popular rental location. Offered with vacant possession.
Service charge: approximately £3,020 per annum
Ground rent: £333 per annum
Length of lease: approximately 127 years remaining
All data and information set forth on this website regarding real property, for sale, purchase, rental and/or financing, are from sources regarded as reliable. No warranties are made as to the accuracy of any descriptions and/or other details and such information is subject to errors, omissions, changes of price, tenancies, commissions, prior sales, leases or financing, or withdrawal without notice. Square footages are approximate and may be verified by consulting a professional architect or engineer.
Listed by
London
Global House Estates
Reference: 90460854
EPC Rating & Upgrade Cost
Fetching EPC data… Refresh this page in a moment.
Flood risk
Zone: 1
Risk: Low
Job (default Low)
Price history
| Event | Date | Price | % change |
|---|---|---|---|
| Listed for sale | — | £140,000 | — |
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 |
|---|---|---|---|
| THE EXCHANGE, 8 APARTMENT 215 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3NQ | £150,000 | 19/12/2025 | Flat |
| ENDEAVOUR HOUSE, 1B APARTMENT 263 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3LN | £137,500 | 19/11/2025 | Flat |
| 12 TROY WALK, SALFORD, GREATER MANCHESTER, M5 3DF | £128,000 | 07/08/2025 | Flat |
| ADAMSON HOUSE, 4 APARTMENT 38 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DL | £180,102 | 04/12/2023 | Flat |
| DOCK OFFICE APARTMENT 61 FURNESS QUAY, SALFORD, GREATER MANCHESTER, M50 3AA | £360,000 | 30/10/2023 | Flat |
| EGERTON HOUSE, 3 APARTMENT 36 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DH | £175,000 | 20/10/2023 | Flat |
| ADAMSON HOUSE, 4 APARTMENT 4 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DL | £170,000 | 06/10/2023 | Flat |
| WALKER HOUSE, 6 APARTMENT 43 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £163,000 | 28/07/2023 | Flat |
| GILBERT HOUSE, 2 APARTMENT 11 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DE | £180,000 | 03/05/2023 | Flat |
| 15 RADCLYFFE MEWS, SALFORD, GREATER MANCHESTER, M5 3GD | £178,000 | 03/03/2023 | Flat |
| WALKER HOUSE, 6 APARTMENT 32 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £170,000 | 16/02/2023 | Flat |
| WALKER HOUSE, 6 APARTMENT 5 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £171,250 | 09/12/2022 | Flat |
| GILBERT HOUSE, 2 APARTMENT 43 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DE | £208,000 | 25/11/2022 | Flat |
| PLATT HOUSE, 5 APARTMENT 30 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DR | £188,000 | 18/11/2022 | Flat |
| GILBERT HOUSE, 2 APARTMENT 34 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DE | £203,000 | 11/11/2022 | Flat |
| WALKER HOUSE, 6 APARTMENT 2 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £195,000 | 14/10/2022 | Flat |
| ADAMSON HOUSE, 4 APARTMENT 44 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DL | £182,000 | 14/10/2022 | Flat |
| EGERTON HOUSE, 3 APARTMENT 6 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DH | £160,000 | 30/09/2022 | Flat |
| 15 APARTMENT 916 TRAFFORD ROAD, SALFORD, GREATER MANCHESTER, M5 3NW | £230,000 | 29/09/2022 | Flat |
| PLATT HOUSE, 5 APARTMENT 19 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DR | £206,000 | 26/07/2022 | Flat |
Area average: £186,743 (20 sales)
Capital growth trend
Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).
House Price Index (HM Land Registry — official index, not sold-price averages): Salford. Series: Flats and maisonettes. As of April 2026.
Rental Range
Estimated market rent for Salford. Low = conservative, Realistic = average, Optimistic = best case.
Based on Local Authority from postcode lookup → Salford.
LHA (30th percentile) floor for Richmond & Hambleton: £549/mo (Apr 2025 – Mar 2026)
Location
Address
8 Elmira Way
Nearby
Nearest stations, universities and amenities (distance from property).
| Type | Name | Distance |
|---|---|---|
| Bus stop | Trafford Road/Elmira Way | 0.0 miles |
| Bus stop | Trafford Road/Merchants Quay | 0.0 miles |
| Shop | Tesco Express | 0.1 miles |
| Shop | East West Express | 0.1 miles |
| University | University of Salford | 0.6 miles |
| Train station | Salford Crescent | 1.1 miles |
| Hospital | Salford Gastric Bypass Surgery | 1.2 miles |
| Train station | Deansgate | 1.3 miles |
| University | Manchester Metropolitan University | 1.8 miles |
| Hospital | The Ailsa Craig Medical Practise | 3.2 miles |
Street-level crime
| Category | Count |
|---|---|
| Total incidents | 0 |
Within 1 mile during May 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 |
|---|---|---|---|
| Thompsons Academy trading as Navigators | Other | 0.3 miles | — (No rating) |
| Oasis Academy MediaCityUK | Secondary | 0.3 miles | Good — 1 Jul 2016 |
| St Joseph's RC Primary School | Primary | 0.4 miles | Good — 24 May 2022 |
| Primrose Hill Primary School and Children's Centre | Primary | 0.5 miles | Good — 30 Jun 2022 |
| AldridgeUTC@MediaCityUK | Secondary | 0.7 miles | Good — 27 Apr 2023 |
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, Furness Quay, M50 | £1,300/mo | 2 | 0.2 miles | OpenRent |
| 2 Bed Flat, Furness Quay, M50 | £1,200/mo | 2 | 0.2 miles | OpenRent |
| 2 Bed Flat, Labrador Quay, M50 | £2,500/mo | 2 | 0.29 miles | OpenRent |
| 2 Bed Flat, Ordsall Lane, M5 | £1,100/mo | 2 | 0.35 miles | OpenRent |
Average rent: £1,525/mo (4 listings)
Rent-driven metrics
Based on OpenRent comparables.
- 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).