# 2 bedroom apartment for sale (M3 6ET) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 150, CITY POINT, 156, CHAPEL STREET, SALFORD, GREATER MANCHESTER M3 6ET | | Price | £170,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | C | | Construction age | England and Wales: 2003-2006 | | Floor area | 72 m² | | Last sold | £152,500 Feb 2016 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** B - **Expiry date:** 25/03/2035 - **Current heating cost:** £392/year - **Est. upgrade cost to C:** £1,500 ### Recommendations - High heat retention storage heaters (£1,200 - £1,800) ## Description EWS1 Form Available - Mortgage Buyers Welcome This 4th floor two double bedroom apartment is located a short walk from Spinningfields and Deansgate. Entrance hallway, living/kitchen with oven, hob and extractor with Juliet Balcony, master bedroom with en-suite with walk through wardrobe area, second double bedroom and family bathroom with shower attachment. Full size Garage for parking with storage space. Double glazing and electric heaters. No Chain **Entrance Hall** - Laminate flooring with storage cupboard housing hot water system. Electric heater **Living/Kitchen** - 3.06 x 4.15 (10'0" x 13'7") - Double glazed patio door opening to the Juliet balcony. Electric heater and laminate flooring. The kitchen has base units with oven, hob and extractor **Bedroom One** - 3.63 x 2.70 plus walkway (11'10" x 8'10" plus walk - This bedroom has a long walkway with wardrobe space. The bedroom has a double glazed window and electric heater. **En-Suite** - 2.11 x 1.68 (6'11" x 5'6") - Corner shower cubicle, wash hand basin and w.c **Bedroom Two** - 5.06 x 2.64 (16'7" x 8'7") - Double glazed window and electric heater. **Bathroom** - 2.70 x 1.97 (8'10" x 6'5") - Three piece suite with shower attachment over the bath, wash hand basin and w.c Electric heated towel rail **Externally** - The apartment benefits from a full sized garage which has room for storage as well. **Additional Information** - Service Charge £2813.54p pa Lease 150 Years From 2002 Ground Rent £159.15p pa Review period TBC Managing Agent - Urban Bubble **Agents Notes** - To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details. **Disclaimer** - IMPORTANT NOTE TO PURCHASERS: The lease, ground rent and service charges should all be checked via the solicitors for clarification. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as guide to prospective buyers only, and are not precise. If floor plans where included, these may not be to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us. ## Property Photos - ![Photo](/listings/photos/173145734/72761) - ![Photo](/listings/photos/173145734/72762) - ![Photo](/listings/photos/173145734/72763) - ![Photo](/listings/photos/173145734/72764) - ![Photo](/listings/photos/173145734/72765) - ![Photo](/listings/photos/173145734/72766) - ![Photo](/listings/photos/173145734/72767) - ![Photo](/listings/photos/173145734/72768) - ![Photo](/listings/photos/173145734/72769) - ![Photo](/listings/photos/173145734/72770) - ![Photo](/listings/photos/173145734/72771) - ![Photo](/listings/photos/173145734/72772) - ![Photo](/listings/photos/173145734/72773) - ![Photo](/listings/photos/173145734/72774) - ![Photo](/listings/photos/173145734/72775) - ![Photo](/listings/photos/173145734/72776) - ![Photo](/listings/photos/173145734/72777) - ![Photo](/listings/photos/173145734/72778) - ![Photo](/listings/photos/173145734/72779) - ![Photo](/listings/photos/173145734/72780) - ![Photo](/listings/photos/173145734/72781) - ![Photo](/listings/photos/173145734/72782) - ![Photo](/listings/photos/173145734/671608) - ![Photo](/listings/photos/173145734/671609) - ![Photo](/listings/photos/173145734/671610) - ![Photo](/listings/photos/173145734/671611) - ![Photo](/listings/photos/173145734/671612) - ![Photo](/listings/photos/173145734/671613) - ![Photo](/listings/photos/173145734/671614) - ![Photo](/listings/photos/173145734/671615) - ![Photo](/listings/photos/173145734/671616) ## Floorplans - ![Floorplan 1](/listings/photos/173145734/72783) - Floorplan 1 ## EPC Graphs - ![EE Rating](/listings/photos/173145734/72784) - EE Rating ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | CITY POINT, 156 FLAT 150 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £150,000 | 17/06/2020 | Flat | | CITY POINT, 156 FLAT 150 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £152,500 | 12/02/2016 | 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 | |---------|-------|------|------| | CITY POINT, 156 FLAT 122 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £162,000 | 22/12/2025 | Flat | | MODEL LODGING HOUSE FLAT 31 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £350,000 | 19/12/2025 | Flat | | CITY POINT, 156 FLAT 135 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £140,000 | 18/12/2025 | Flat | | CITY POINT, 156 FLAT 135 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £140,000 | 18/12/2025 | Flat | | CITY POINT, 156 FLAT 90 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £165,000 | 18/12/2025 | Flat | | FRESH, 138 APARTMENT 314 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF | £178,600 | 28/11/2025 | Flat | | CITY POINT, 156 APARTMENT 203 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £236,000 | 28/11/2025 | Flat | | CITY POINT, 156 APARTMENT 159 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £120,000 | 28/11/2025 | Flat | | 150 FLAT 8 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF | £182,000 | 26/11/2025 | Flat | | MODEL LODGING HOUSE FLAT 10 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £262,000 | 26/11/2025 | Flat | | MODEL LODGING HOUSE FLAT 30 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £270,000 | 17/11/2025 | Flat | | MODEL LODGING HOUSE FLAT 25 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £210,000 | 06/10/2025 | Flat | | BLOCK D ALTO APARTMENT 12 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GF | £270,000 | 30/09/2025 | Flat | | CITY POINT, 156 APARTMENT 185 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £220,000 | 22/07/2025 | Flat | | 96 APARTMENT 3103 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £407,950 | 23/05/2025 | Flat | | 96 APARTMENT 2503 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £324,950 | 22/04/2025 | Flat | | 96 APARTMENT 2401 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £264,950 | 03/04/2025 | Flat | | 96 APARTMENT 2802 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £357,950 | 31/03/2025 | Flat | | 96 APARTMENT 2705 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £400,000 | 28/03/2025 | Flat | | 96 APARTMENT 2805 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £400,000 | 28/03/2025 | Flat | **Area average:** £253,070 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £285,168 (345 Flat, M3, 2024–2026) - **Deviation:** -40.4% ## Rental Range *ONS Price Index of Private Rents (Salford). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,046/mo - **Realistic:** £1,162/mo - **Optimistic:** £1,278/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, Blackfriars Road, M3 | £1,395/mo | 2 | 0.22 miles | OpenRent | | 2 Bed Flat, N. George Street, M3 | £1,100/mo | 2 | 0.34 miles | OpenRent | **Average rent: £1,248/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.73% (weak for cashflow) - **Max investor price (0.8%):** £156,000 - **Target investor price (1%):** £124,800 *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 £1,248/mo).* - **Gross yield:** 8.8% - **Cost-to-rent:** 11.4× - **Monthly cashflow:** £429/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 10.4% *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).* ## Price per Square Metre - **£/m²:** £2,361/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -6.5% - **10y growth:** 28.6% ## House Price Index (HM Land Registry) *Official index for Salford; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -5.6% - **5y growth (index):** 11% - **10y growth (index):** 71.5% ## 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)