# 1 bedroom apartment for sale (M3 5JT)

## Property Details

| Key | Value |
|-----|-------|
| Address | Manchester Investment Flat – 6% Rental Yields \| Lucrative Buy to Let Opportunity, M3 5JT |
| Price | £190,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £108,950 |

## Description

"**Manchester Investment Flat – 6% Rental Yields | Lucrative Buy to Let Opportunity**

A contemporary collection of city apartments located close to Manchester’s riverside and key business districts, offering modern homes in one of the city’s most desirable central neighbourhoods.

With strong tenant appeal, high-quality interiors, and excellent access to workplaces, leisure, and transport, this development provides a compelling opportunity to invest in prime city property with attractive potential returns.

This property is available to buy-to-let investors.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.

The Investment

This central Manchester opportunity offers investors exposure to a well-established rental market popular with professional tenants.

With projected returns of around 6%, a focus on long-term occupancy, and professional management options available, it’s well suited to those seeking a hands-off, income-generating city centre investment.

The Location

Situated within easy reach of the city’s main business and financial districts, the development benefits from proximity to a range of riverside walkways, bars, restaurants, and high-end retail.

Residents enjoy convenient links to key office hubs, major train stations, and popular neighbourhoods such as Spinningfields and the city’s core shopping areas, reinforcing its appeal to commuters and lifestyle-focused tenants.

The Apartments

Apartments are designed for modern urban living, with a mix of one and two-bedroom layouts that balance both comfort and practicality.

Well-proportioned living spaces, contemporary fitted kitchens, and stylish bathrooms create an attractive, low-maintenance environment, while large windows in many units help to enhance natural light and showcase city views.

The Development

The development forms part of a high-quality residential block in a sought-after central Manchester location.

Managed communal areas, efficient building services, and a professional management structure contribute to a smooth resident experience, supporting strong occupancy levels.

Key onsite facilities include:

Secure entry system and monitored communal spacesLift access serving the main residential levelsDedicated cycle storage for city commutersWell-presented internal lobby

Why Invest?

6%+ projected rental returns in a core Manchester city centre neighbourhoodStrong appeal to professionals working in nearby business and financial districtsCentral location close to riverside amenities, restaurants, and major shopping areasModern, well-specified apartments designed for long-term rental demandHands-off structure with professional management options to support consistent income

Enquire now to secure your unit and receive a full investment breakdown."

## Property Photos

- ![Photo](/listings/photos/93044187/2321753)
- ![Photo](/listings/photos/93044187/2321758)
- ![Photo](/listings/photos/93044187/2321760)
- ![Photo](/listings/photos/93044187/2321763)
- ![Photo](/listings/photos/93044187/2321765)
- ![Photo](/listings/photos/93044187/2321766)
- ![Photo](/listings/photos/93044187/2321768)
- ![Photo](/listings/photos/93044187/2321770)
- ![Photo](/listings/photos/93044187/2321772)
- ![Photo](/listings/photos/93044187/2321774)

## Floorplans

- ![Floorplan 1](/listings/photos/93044187/2321775) - Floorplan 1

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| ALBERT MILL, 41 APARTMENT 30 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4GT | £175,000 | 26/02/2026 | Flat |
| VIMTO GARDENS APARTMENT 204 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF | £291,000 | 19/12/2025 | Flat |
| BLOCK A, 2 APARTMENT 902 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZD | £240,000 | 10/12/2025 | Flat |
| BLOCK B, 4 APARTMENT 906 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZE | £267,500 | 26/06/2025 | Flat |
| THE ROYAL 220 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £108,000 | 01/12/2023 | Flat |
| THE ROYAL 30 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WP | £160,000 | 01/12/2023 | Flat |
| BLOCK B, 4 APARTMENT 2003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF | £390,000 | 20/09/2023 | Flat |
| BLOCK A, 2 APARTMENT 605 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £270,000 | 31/08/2023 | Flat |
| 272 FLAT 8D CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ | £48,000 | 17/03/2023 | Flat |
| 272 UNIT 4S1 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ | £58,000 | 17/03/2023 | Flat |
| BLOCK B, 4 APARTMENT 2005 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF | £229,500 | 10/03/2023 | Flat |
| BLOCK B, 4 APARTMENT 003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZE | £240,000 | 06/03/2023 | Flat |
| THE ROYAL 246 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £120,000 | 20/12/2022 | Flat |
| BLOCK A, 2 APARTMENT 502 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £245,000 | 19/12/2022 | Flat |
| 8 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZA | £423,023 | 09/12/2022 | Flat |
| THE ROYAL 237 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £120,000 | 02/12/2022 | Flat |
| VIMTO GARDENS APARTMENT 207 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF | £183,500 | 01/12/2022 | Flat |
| BLOCK A, 2 APARTMENT 705 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £290,000 | 24/10/2022 | Flat |
| THE ROYAL 31 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WP | £152,000 | 10/10/2022 | Flat |
| BLOCK B, 4 APARTMENT 507 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZE | £357,349 | 30/09/2022 | Flat |

**Area average:** £218,394 (20 sales)

## Price vs local average

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

- **Local average:** £283,650 (362 Flat, M3, 2024–2026)
- **Deviation:** -33%

## 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):** £773/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 |
|------|------|------|------|------|
| 1 Bed Flat, Local Blackfriars, M3 | £1,150/mo | 1 | 0.46 miles | OpenRent |
| 1 Bed Flat, Block A, M3 | £1,150/mo | 1 | 0.48 miles | OpenRent |
| 1 Bed Flat, Quay St, M3 | £1,350/mo | 1 | 0.48 miles | OpenRent |
| 1 Bed Flat, Caxton House, M3 | £1,100/mo | 1 | 0.5 miles | OpenRent |
| 1 Bed Flat, Blackfriars Road, M3 | £1,195/mo | 1 | 0.56 miles | OpenRent |
| 1 Bed Flat, Blackfriars Road, M3 | £1,300/mo | 1 | 0.59 miles | OpenRent |
| Studio Flat, New Kings Head Yard, M3 | £1,050/mo | 1 | 0.68 miles | OpenRent |
| 1 Bed Flat, City Heights, M3 | £1,200/mo | 1 | 0.72 miles | OpenRent |

**Average rent: £1,187/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 0.62% (weak for cashflow)
- **Max investor price (0.8%):** £146,625
- **Target investor price (1%):** £117,300

*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 £1,173/mo).*

- **Gross yield:** 7.4%
- **Cost-to-rent:** 13.5×
- **Monthly cashflow:** £282/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6.2%

*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:** -11%
- **10y growth:** 25.9%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -3.6%
- **5y growth (index):** 17.4%
- **10y growth (index):** 65.3%

## 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)