# 1 bedroom apartment for sale (M3 7GX)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 707, 55 QUEEN STREET, SALFORD, GREATER MANCHESTER M3 7GX |
| Price | £169,950 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £293,744 Sep 2022 |

## Description

"This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers

DESCRIPTION

This apartment is conveniently situated in central Manchester, in the most high-demand postal area of M3. 

The spacious, open-plan apartment is finished to the highest standard with luxury interior fittings and fixtures. Large windows ensure plenty of natural light streaming through the property which has been elegantly decorated. The property comes with private balconies and resident-exclusive amenities.

It's hard to find a more convenient area, as the property is located in Deansgate in the heart of Manchester City Centre. Spinningfields Business District, NOMA, the Northern Quarter, and MediaCityUK are all easily accessible. Residents will benefit from being just a short walk from Manchester Oxford Road station, as well as other central transport hubs such as Deansgate.

This apartment offers a strong buy-to-let investment opportunity offering projected returns of 6%. It is ideally located to target the working professional renter demographic in Manchester. The excellent transport links and convenient proximity to employment hubs such as Spinningfields and MediaCityUK is likely to attract demand from this pool of renters.

This property is also located in an area with strong capital growth potential, with property values in the North West are predicted to increase by 28.8% in just 5 years. Enquire now about this lucrative buy to let investment in an exciting Manchester development. 

Enquire Today to Receive Floor Plans, Info Pack & Full Investment Breakdown!"

## Property Photos

- ![Photo](/listings/photos/87664584/121965)
- ![Photo](/listings/photos/87664584/121966)
- ![Photo](/listings/photos/87664584/121967)
- ![Photo](/listings/photos/87664584/121968)
- ![Photo](/listings/photos/87664584/121969)
- ![Photo](/listings/photos/87664584/121970)
- ![Photo](/listings/photos/87664584/121971)
- ![Photo](/listings/photos/87664584/121972)

## Floorplans

- ![Floorplan 1](/listings/photos/87664584/121973) - Floorplan 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 55 APARTMENT 707 QUEEN STREET, SALFORD, GREATER MANCHESTER, M3 7GX | £293,744 | 13/09/2022 | 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 |
|---------|-------|------|------|
| BLOCK A, 54 APARTMENT 507 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7FW | £272,500 | 21/08/2025 | Flat |
| BLOCK 9 SPECTRUM APARTMENT 480 BLACKFRIARS ROAD, SALFORD, GREATER MANCHESTER, M3 7DZ | £155,000 | 14/12/2023 | Flat |
| QUEBEC BUILDING APARTMENT 228 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DU | £155,963 | 30/11/2023 | Flat |
| QUEBEC BUILDING APARTMENT 219 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DY | £150,000 | 28/09/2023 | Flat |
| QUEBEC BUILDING APARTMENT 509 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DX | £170,000 | 18/09/2023 | Flat |
| BLOCK A, 54 APARTMENT 1210 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7FL | £220,000 | 14/09/2023 | Flat |
| BLOCK B, 56 APARTMENT 707 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7GA | £206,000 | 23/05/2023 | Flat |
| QUEBEC BUILDING APARTMENT 422 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DU | £137,000 | 25/04/2023 | Flat |
| BLOCK B, 56 APARTMENT 214 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DA | £198,000 | 24/02/2023 | Flat |
| BLOCK B, 56 APARTMENT 507 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DA | £187,500 | 04/11/2022 | Flat |
| 14 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £395,000 | 28/10/2022 | Flat |
| QUEBEC BUILDING APARTMENT 16 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DX | £142,000 | 27/10/2022 | Flat |
| 50 APARTMENT 50 QUEEN STREET, SALFORD, GREATER MANCHESTER, M3 7DQ | £321,777 | 19/10/2022 | Flat |
| BLOCK A, 54 APARTMENT 903 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7FL | £270,000 | 07/10/2022 | Flat |
| 16 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £400,000 | 19/08/2022 | Flat |
| 10 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £368,000 | 06/05/2022 | Flat |
| BLOCK B, 56 APARTMENT 1205 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7GB | £255,000 | 25/03/2022 | Flat |
| 14 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £338,386 | 11/02/2022 | Flat |
| 16 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £361,760 | 11/02/2022 | Flat |
| BLOCK B, 56 APARTMENT 1514 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7GB | £215,000 | 11/02/2022 | Flat |

**Area average:** £245,944 (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 (North West). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £856/mo
- **Realistic:** £951/mo
- **Optimistic:** £1,046/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, Blackfriars Road, M3 | £1,140/mo | 1 | 0.04 miles | OpenRent |
| 1 Bed Flat, Courtland @ Collier's Yard, M3 | £1,720/mo | 1 | 0.12 miles | OpenRent |
| 1 Bed Flat, Westminster House, M3 | £2,800/mo | 1 | 0.18 miles | OpenRent |
| Studio Flat, Chapel Street, M3 | £1,300/mo | 1 | 0.25 miles | OpenRent |
| Studio Flat, Chapel Street, M3 | £1,300/mo | 1 | 0.25 miles | OpenRent |
| 1 Bed Flat, Mirabel Street, M3 | £995/mo | 1 | 0.25 miles | OpenRent |

**Average rent: £1,543/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 0.76% (weak for cashflow)
- **Max investor price (0.8%):** £162,500
- **Target investor price (1%):** £130,000

*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 £1,300/mo).*

- **Gross yield:** 9.2%
- **Cost-to-rent:** 10.9×
- **Monthly cashflow:** £476/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 11.6%

*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:** -6.5%
- **10y growth:** 28.6%

## House Price Index (HM Land Registry)

*Official index for North West; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -7.4%
- **5y growth (index):** 6.8%
- **10y growth (index):** 45.6%

## 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)