# 3 bedroom apartment for sale (M5 4BQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | Railings, Middlewood Locks, M5, M5 4BQ |
| Price | £490,000 |
| Bedrooms | 3 |
| Bathrooms | 2 |

## Description

Middlewood Locks is an award-winning canalside neighbourhood that's closely connected to the city, with a community of over 2,600 residents enjoying living in their homes. It provides a gorgeous environment for people who want to enjoy city life but live in a peaceful and calm environment.  Just far enough away from the hubbub and bright lights to feel like a sanctuary, but still close enough for it all to be within strolling distance.  

Middlewood Locks is an impeccably well-connected neighbourhood close to Spinningfields, St.Johns, New Bailey, Castlefield, and the many shops, bars and restaurants such as SOHO House and Mollies Motel, along with world-class cultural experiences such as Factory International, are on the doorstep. 

Railings is the third phase of new homes, which are ready to move in now.  Thoughtfully designed and located along the canal side, with open and inviting public realm, which is hugely popular amongst the community and for hosting events.  Railings has exceptional homes and outstanding amenities for the residents' enjoyment.  

Centred around a private residents' podium garden which has a mix of soft seating, play areas, including an oversized chess board, which encourages social interaction and friendships.  Likewise, the impressive residents' lobby lounge with a residents' break-out space complete with free Wi -Fi is a great place to work or meet your friends and neighbours.

Apartment 902 is a 3-bedroom apartment located on the ninth floor with dual aspect and fantastic views of the neighbourhood, canal and Manchester City.  The generously covered balcony provides good outdoor space with full-height glazed balcony doors, allowing plenty of natural light into the apartment. The open plan layout feels spacious and airy, and the apartment is finished to a very high specification.  The apartment benefits from a secure allocated car parking space, which is included in the price.

The contemporary Pronorm kitchen is fitted with handle-less wall and base-mounted units finished with a Quartz worktop and splashback. Integrated Bosch appliances, including induction hob, oven, microwave, fridge freezer, dishwasher, undermount sink with chrome mixer tap and a freestanding Indesit washer/dryer are included in a separate utility cupboard.

The apartment is fitted with luxury vinyl flooring throughout the living, kitchen and utility areas, fitted carpets to the bedrooms and Porcelain floor tiles to the bathrooms.   All bedrooms have contemporary white fitted wardrobes and full height windows with views of the canal and city.

The main bedroom has a lovely en-suite bathroom, featuring a walk-in rain shower with a fixed shower screen, Vitra white wall-hung basin and toilet with Hansgrohe brassware, partially ceramic tiled walls, a mirrored bathroom cabinet with LED downlighters above sink, heated towel rail and recessed LED spot lighting.  

The generous, stylish main bathroom is fitted with Vitra white wall-hung basin and toilet with Hansgrohe brassware, a white enamel bath with Hansgrohe shower overhead, a fixed shower screen, partially ceramic tiled walls, a mirrored bathroom cabinet with LED downlighters above the sink, a heated towel rail and recessed LED spot lighting.

The apartment is available for sale on a 999-year lease, and the ground rent is peppercorn.

**  PLEASE NOTE SOME NTERNAL IMAGES ARE OF THE RAILINGS SHOW APARTMENT AND NOT OF APARTMENT A902 **

## Property Photos

- ![Free community event](/listings/photos/172698386/674197) - Free community event
- ![Generous balcony](/listings/photos/172698386/674198) - Generous balcony
- ![Corner 3 bed](/listings/photos/172698386/674199) - Corner 3 bed
- ![Amazing views](/listings/photos/172698386/674200) - Amazing views
- ![Full height glazing](/listings/photos/172698386/674201) - Full height glazing
- ![Contemporary kitchen](/listings/photos/172698386/674202) - Contemporary kitchen
- ![Generous kitchen](/listings/photos/172698386/674203) - Generous kitchen
- ![High Specification](/listings/photos/172698386/674204) - High Specification
- ![Kitchen island](/listings/photos/172698386/674205) - Kitchen island
- ![Open plan living rm](/listings/photos/172698386/674206) - Open plan living rm
- ![Master bedroom](/listings/photos/172698386/674207) - Master bedroom
- ![Large bedrooms](/listings/photos/172698386/674208) - Large bedrooms
- ![Fitted wardrobes](/listings/photos/172698386/674209) - Fitted wardrobes
- ![Double bedroom](/listings/photos/172698386/674210) - Double bedroom
- ![Stylish bathroom](/listings/photos/172698386/674211) - Stylish bathroom
- ![Hansgrohe & Vitra](/listings/photos/172698386/674212) - Hansgrohe & Vitra
- ![Rain shower](/listings/photos/172698386/674213) - Rain shower
- ![En-suite bathroom](/listings/photos/172698386/674214) - En-suite bathroom
- ![Bike storage](/listings/photos/172698386/674215) - Bike storage
- ![Mirrored cupboard](/listings/photos/172698386/674216) - Mirrored cupboard
- ![Open plan](/listings/photos/172698386/674217) - Open plan
- ![Contemporary design](/listings/photos/172698386/674218) - Contemporary design
- ![Large livingroom](/listings/photos/172698386/674219) - Large livingroom
- ![Bosch appliances](/listings/photos/172698386/674220) - Bosch appliances
- ![Quartz worktops](/listings/photos/172698386/674221) - Quartz worktops
- ![South facing](/listings/photos/172698386/674222) - South facing
- ![Generous balcony](/listings/photos/172698386/674223) - Generous balcony
- ![Beautiful design](/listings/photos/172698386/674224) - Beautiful design
- ![Full height glazing](/listings/photos/172698386/674225) - Full height glazing
- ![Undermount sink](/listings/photos/172698386/674226) - Undermount sink
- ![Parcel lockers](/listings/photos/172698386/674227) - Parcel lockers
- ![Residents atrium](/listings/photos/172698386/674228) - Residents atrium
- ![Residents entrance](/listings/photos/172698386/674229) - Residents entrance
- ![Balconies](/listings/photos/172698386/674230) - Balconies
- ![Childrens play area](/listings/photos/172698386/674231) - Childrens play area
- ![Anyone for chess?](/listings/photos/172698386/674232) - Anyone for chess?
- ![Private gardens](/listings/photos/172698386/674233) - Private gardens

## Floorplans

- ![Floorplan 1](/listings/photos/172698386/674234) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/172698386/674235) - EPC 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 |
|---------|-------|------|------|
| FUSION 2, 16 APARTMENT 2 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LW | £165,000 | 12/12/2025 | Flat |
| FUSION 5, 10 APARTMENT 5 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LN | £123,000 | 18/11/2025 | Flat |
| 30 APARTMENT 517 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £190,000 | 20/10/2025 | Flat |
| 30 APARTMENT 902 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ | £280,000 | 01/10/2024 | Flat |
| 30 APARTMENT 312 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £259,995 | 28/02/2024 | Flat |
| 30 APARTMENT 108 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £305,000 | 19/12/2023 | Flat |
| 30 APARTMENT 712 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £192,995 | 14/12/2023 | Flat |
| 30 APARTMENT 1004 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ | £194,995 | 30/11/2023 | Flat |
| FUSION 6, 8 APARTMENT 20 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LN | £145,000 | 24/11/2023 | Flat |
| 30 APARTMENT 806 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £192,000 | 07/11/2023 | Flat |
| 30 APARTMENT 616 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £199,995 | 02/11/2023 | Flat |
| 30 APARTMENT 310 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £260,000 | 30/10/2023 | Flat |
| 1 APARTMENT 705 LOCKGATE SQUARE, SALFORD, GREATER MANCHESTER, M5 4YU | £190,000 | 23/10/2023 | Flat |
| FUSION 3, 14 APARTMENT 10 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LW | £140,000 | 20/10/2023 | Flat |
| 30 APARTMENT 103 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £250,000 | 13/10/2023 | Flat |
| 30 APARTMENT 207 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £264,995 | 13/10/2023 | Flat |
| 30 APARTMENT 1201 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ | £185,995 | 13/10/2023 | Flat |
| 30 APARTMENT 808 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £339,995 | 12/10/2023 | Flat |
| 30 UNIT G04 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £339,990 | 11/10/2023 | Flat |
| 30 APARTMENT 803 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £275,000 | 27/09/2023 | Flat |

**Area average:** £224,698 (20 sales)

## Price vs local average

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

- **Local average:** £204,902 (68 Flat, M5, 2024–2026)
- **Deviation:** +139.1%

## 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 Richmond & Hambleton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £648/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 |
|------|------|------|------|------|
| 3 Bed Penthouse, Block C, M5 | £1,750/mo | 3 | 0.21 miles | OpenRent |

**Average rent: £1,750/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.36% (weak for cashflow)
- **Max investor price (0.8%):** £218,750
- **Target investor price (1%):** £175,000

*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 £1,750/mo).*

- **Gross yield:** 4.3%
- **Cost-to-rent:** 23.3×
- **Monthly cashflow:** £-380/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -3.2%

*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:** -14.2%
- **10y growth:** 29.2%

## 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)