Sold Flat

Salford Quay

Salford, M50 3XW

2 beds 2 baths Listed 26 Mar 2026 (-79d)

£270,000

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# 2 bedroom apartment for sale (M50 3XW)

## Property Details

| Key | Value |
|-----|-------|
| Address | Salford Quay, Salford, M50 3XW |
| Price | £270,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |

## Description

[Price Drop] Spacious living area + Great city view + Close to tram. Arrange a view today.

Key Features:

- Modern 1,2 & 3 bedroom apartments

- Concierge & secure entry

- Roof terrace & lockable cycle storage

- Near to tram station & shopping mall

- Excellent transport links

Experience contemporary living in the heart of Salford Quay, a vibrant waterfront community just moments from MediaCity, The Lowry and the University of Salford. This modern development offers a stunning collection of 1, 2 and 3-bedroom apartments, each designed with high-spec finishes, open-plan layouts, and access to on-site concierge services and a landscaped communal roof terrace.

How We Can Help:

Rothmore Property is a multi-award-winning agency, named "Best Estate Agency Single Office in Greater Manchester" and "Best Estate Agency Single Office in the United Kingdom" at the International Property Awards 2024-2025. Our dedicated team is here to support both first-time buyers and investors every step of the way.

Looking for other premium investment opportunities? Contact us today to explore over 60+ new build developments in London and across the UK.

## Property Photos

- ![FQ724 - 1.jpg](/listings/photos/173735747/91697) - FQ724 - 1.jpg
- ![FQ724 - 2.jpg](/listings/photos/173735747/91698) - FQ724 - 2.jpg
- ![FQ724 - 3.jpg](/listings/photos/173735747/91699) - FQ724 - 3.jpg
- ![FQ724 - 4.jpg](/listings/photos/173735747/91700) - FQ724 - 4.jpg
- ![FQ724 - 5.jpg](/listings/photos/173735747/91701) - FQ724 - 5.jpg
- ![FQ724 - 6.jpg](/listings/photos/173735747/91702) - FQ724 - 6.jpg
- ![FQ724 - 7.jpg](/listings/photos/173735747/91703) - FQ724 - 7.jpg
- ![FQ724 - 8.jpg](/listings/photos/173735747/91704) - FQ724 - 8.jpg
- ![FQ724 - 9.jpg](/listings/photos/173735747/91705) - FQ724 - 9.jpg

## Floorplans

- ![Salford Quay - Apart724 2-bed (type W) - Floorplan](/listings/photos/173735747/91706) - Salford Quay - Apart724 2-bed (type W) - Floorplan

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE EXCHANGE, 8 APARTMENT 215 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3NQ | £150,000 | 19/12/2025 | Flat |
| X Q 7 BUILDING APARTMENT 1121 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FY | £172,500 | 16/12/2025 | Flat |
| ENDEAVOUR HOUSE, 1B APARTMENT 263 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3LN | £137,500 | 19/11/2025 | Flat |
| X Q 7 BUILDING APARTMENT 500 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FN | £50,000 | 29/10/2025 | 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 |
| 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 |
| 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 |
| X Q 7 BUILDING APARTMENT 1123 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FY | £165,000 | 04/10/2022 | 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 |

**Area average:** £168,918 (20 sales)

## Price vs local average

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

- **Local average:** £204,425 (51 Flat, M50, 2024–2026)
- **Deviation:** +32.1%

## 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 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 Penthouse, Merchants Quay, M50 | £1,400/mo | 2 | 0.21 miles | OpenRent |
| 2 Bed Flat, Wharf End, M17 | £1,300/mo | 2 | 0.35 miles | OpenRent |

**Average rent: £1,350/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.5% (weak for cashflow)
- **Max investor price (0.8%):** £168,750
- **Target investor price (1%):** £135,000

*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 £1,350/mo).*

- **Gross yield:** 6%
- **Cost-to-rent:** 16.7×
- **Monthly cashflow:** £127/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1.9%

*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:** 10.2%
- **10y growth:** 44.7%

## 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)

FQ724 - 1.jpg FQ724 - 2.jpg FQ724 - 3.jpg FQ724 - 4.jpg FQ724 - 5.jpg FQ724 - 6.jpg FQ724 - 7.jpg FQ724 - 8.jpg FQ724 - 9.jpg

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Property details

Tenure

LEASEHOLD

Local average

£204,425 (+32.1%)

Street crime

1 incident within 1 mile (Apr 2026)

Key features

Newly Built Development
Concierge & Communal Spaces
Premium Finishes
Open-plan Living Area
Walking Distance to Tram & MediaCity
Excellent Transport Links
Modern 1,2 & 3-bed Apartments
Call Us Now / Request Details

Description

[Price Drop] Spacious living area + Great city view + Close to tram. Arrange a view today.

Key Features:
- Modern 1,2 & 3 bedroom apartments
- Concierge & secure entry
- Roof terrace & lockable cycle storage
- Near to tram station & shopping mall
- Excellent transport links

Experience contemporary living in the heart of Salford Quay, a vibrant waterfront community just moments from MediaCity, The Lowry and the University of Salford. This modern development offers a stunning collection of 1, 2 and 3-bedroom apartments, each designed with high-spec finishes, open-plan layouts, and access to on-site concierge services and a landscaped communal roof terrace.

How We Can Help:
Rothmore Property is a multi-award-winning agency, named "Best Estate Agency Single Office in Greater Manchester" and "Best Estate Agency Single Office in the United Kingdom" at the International Property Awards 2024-2025. Our dedicated team is here to support both first-time buyers and investors every step of the way.

Looking for other premium investment opportunities? Contact us today to explore over 60+ new build developments in London and across the UK.

Listed by

Manchester

Rothmore Invest LTD

Reference: 173735747

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Salford Quay - Apart724 2-bed (type W) - Floorplan

Price history

No sales history found for this property in Land Registry Price Paid data.

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
X Q 7 BUILDING APARTMENT 1121 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FY	£172,500	16/12/2025	Flat
ENDEAVOUR HOUSE, 1B APARTMENT 263 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3LN	£137,500	19/11/2025	Flat
X Q 7 BUILDING APARTMENT 500 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FN	£50,000	29/10/2025	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
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
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
X Q 7 BUILDING APARTMENT 1123 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FY	£165,000	04/10/2022	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

Area average: £168,918 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 10.2%

10y growth 44.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Salford. Series: Flats and maisonettes. As of March 2026.

1y (index) -5.6%

5y (index) 11%

10y (index) 71.5%

Rental Range

Estimated market rent for Salford. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,046/mo

Realistic £1,162/mo

Optimistic £1,278/mo

Based on Local Authority from postcode lookup → Salford.

LHA (30th percentile) floor for Central Greater Manchester: £873/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M50 3XW

Address

17 Trafford Road

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Trafford Road/Merchants Quay	0.0 miles
Bus stop	Trafford Road/Elmira Way	0.1 miles
Shop	Asda Express	0.1 miles
Shop	East West Express	0.1 miles
University	University of Salford	0.6 miles
University	University Academy 92	0.8 miles
Train station	Salford Crescent	1.2 miles
Hospital	Salford Gastric Bypass Surgery	1.3 miles
Train station	Deansgate	1.3 miles
Hospital	Braeburn House	1.7 miles

Street-level crime

Category	Count
Violence and sexual offences	1
Total incidents	1

Within 1 mile during Apr 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	0.4 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 Penthouse, Merchants Quay, M50	£1,400/mo	2	0.21 miles	OpenRent
2 Bed Flat, Wharf End, M17	£1,300/mo	2	0.35 miles	OpenRent

Average rent: £1,350/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.5%

Max investor price (0.8%) £168,750

Target investor price (1%) £135,000

Gross yield 6%

Cost-to-rent ratio 16.7×

Monthly cashflow £127/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 1.9%

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).

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