For sale Flat

Chapel Street

Salford, M3, M3 6DE

2 beds 1 baths Listed 17 Nov 2025 (-208d)

£145,000

Offers Over

Reduced on 25 Mar 2026 · Was £150,000

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Property photo

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Property details

Tenure

LEASEHOLD

Last sold

£209,950

Local average

£285,168 (-49.2%)

Street crime

4 incidents within 1 mile (Apr 2026)

Key features

  • Shared Private Parking
  • Buy-to-Let Opportunity
  • Long Term Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment Opportunity

Additional details

Parking
Yes

Description

This is a 2-bedroom flat located in Salford. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The home features 2 bedrooms, lounge, kitchen, bathroom and balcony.

Investment details

It currently produces an annual gross income of £12,600 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Listed by

Glasgow

Let Property Sales

Reference: 169392773

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
502 FRESH, 138 CHAPEL STREET, SALFORD, SALFORD 80 85 58 m² England and Wales: 2003-2006 Flat
505 FRESH, 138 CHAPEL STREET, SALFORD, SALFORD 80 82 70 m² England and Wales: 2007-2011 Flat
508 FRESH, 138 CHAPEL STREET, SALFORD, SALFORD 80 83 67 m² England and Wales: 2007-2011 Flat
807 FRESH, 138 CHAPEL STREET, SALFORD, SALFORD 80 86 70 m² England and Wales: 2007-2011 Flat
810 FRESH, 138 CHAPEL STREET, SALFORD, SALFORD 77 84 55 m² England and Wales: 2003-2006 Flat
Apartment 1001 Fresh, 138, Chapel Street, SALFORD 62 77 61 m² England and Wales: 2003-2006 Flat
Apartment 1002 Fresh, 138, Chapel Street, SALFORD 73 83 35 m² England and Wales: 2007-2011 Flat
Apartment 1003 Fresh, 138, Chapel Street, SALFORD 76 81 39 m² England and Wales: 2003-2006 Flat
Apartment 1003, Fresh, 138 Chapel Street, SALFORD 72 80 38 m² England and Wales: 2003-2006 Flat
Apartment 1007, Fresh, 138 Chapel Street, SALFORD 66 79 42 m² England and Wales: 2003-2006 Flat
Apartment 1008 Fresh, 138, Chapel Street, SALFORD 79 83 38 m² England and Wales: 2003-2006 Flat
Apartment 1010 Fresh, 138, Chapel Street, SALFORD 75 82 50 m² England and Wales: 2003-2006 Flat
Apartment 501 Fresh, 138, Chapel Street, SALFORD 79 85 83 m² England and Wales: 2003-2006 Flat
Apartment 504 Fresh, 138, Chapel Street, SALFORD 74 85 62 m² England and Wales: 2003-2006 Flat
Apartment 506 Fresh, 138, Chapel Street, SALFORD 74 85 63 m² England and Wales: 2003-2006 Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

FLOOR PLAN

FLOOR PLAN

EPC Graphs

EPC

EPC

Price history

Event Date Price % change
Listed for sale — £145,000 -30.9%
Sold 01/01/2007 (19 years ago) £209,950 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
MODEL LODGING HOUSE FLAT 31 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ £350,000 19/12/2025 Flat
FRESH, 138 APARTMENT 314 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF £178,600 28/11/2025 Flat
MODEL LODGING HOUSE FLAT 10 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ £262,000 26/11/2025 Flat
150 FLAT 8 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF £182,000 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
THE BAYLEY, 21 APARTMENT 45 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5AX £107,000 13/01/2025 Flat
THE BAYLEY, 21 APARTMENT 45 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5AX £107,000 13/01/2025 Flat
BLOCK D ALTO APARTMENT 74 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GF £260,000 15/12/2023 Flat
FRESH, 138 APARTMENT 202 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF £145,000 30/11/2023 Flat
BLOCK C ALTO APARTMENT 116 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GE £212,000 20/10/2023 Flat
MODEL LODGING HOUSE FLAT 37 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ £302,000 04/10/2023 Flat
BLOCK A ALTO APARTMENT 23 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GA £205,000 01/09/2023 Flat
BLOCK D ALTO APARTMENT 35 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GF £225,000 08/08/2023 Flat
BLOCK C ALTO APARTMENT 119 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GE £280,500 07/07/2023 Flat
BLOCK C ALTO APARTMENT 115 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GE £212,000 09/06/2023 Flat
BLOCK C ALTO APARTMENT 63 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GD £230,000 28/04/2023 Flat
BLOCK C ALTO APARTMENT 111 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GE £256,000 18/04/2023 Flat
THE BAYLEY, 21 APARTMENT 52 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5AX £105,000 13/04/2023 Flat
Same street FRESH, 138 APARTMENT 1007 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6DE £150,000 21/10/2022 Flat
Same street FRESH, 138 APARTMENT 807 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6DE £125,000 26/06/2022 Flat

Street average: £137,500 (2 sales)

Area average: £218,455 (20 sales)

Capital growth trend

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

5y growth -3.8%
10y growth 27.8%

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 M3 6DE

Address

Sillavan Way

Nearby

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

Type Name Distance
Shop Chapel Convenience Store 0.0 miles
Bus stop Salford Quay Street (Stop WU) 0.0 miles
Shop Unknown 0.1 miles
Bus stop Chapel Street/Quay Street (Stop WS) 0.1 miles
Train station Salford Central 0.1 miles
University UCEN Manchester (City Campus) 0.5 miles
Train station Manchester Victoria 0.6 miles
University University of Law 0.7 miles
Hospital Salford Gastric Bypass Surgery 1.7 miles
Hospital Braeburn House 1.7 miles

Street-level crime

Category Count
Violence and sexual offences 2
Other crime 1
Other theft 1
Total incidents 4

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
The Cathedral School of St Peter and St John RC Primary Primary 0.3 miles Good — 10 Jul 2022
The Friars Primary School Primary 0.4 miles Good — 24 Apr 2024
St Philip's CofE Primary School Primary 0.4 miles Good — 19 Oct 2023
Abbey College Manchester Other 0.5 miles — (No rating)
Chetham's School of Music Other 0.5 miles — (No rating)

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, Sillavan Way, M3 £1,300/mo 2 0.06 miles OpenRent
2 Bed Flat, Fresh, M3 £1,120/mo 2 0.06 miles OpenRent
2 Bed Flat, The Bayley, M3 £1,200/mo 2 0.09 miles OpenRent
2 Bed Flat, Trinity Edge, M3 £1,100/mo 2 0.14 miles OpenRent
2 Bed Flat, Local Blackfriars, M3 £1,900/mo 2 0.14 miles OpenRent
2 Bed Flat, Blackfriars Road, M3 £2,600/mo 2 0.16 miles OpenRent
2 Bed Flat, Blackfriars Road, M3 £1,295/mo 2 0.2 miles OpenRent
2 Bed Flat, Blackfriars Road, M3 £1,300/mo 2 0.2 miles OpenRent
2 Bed Flat, Blackfriars St, M3 £1,295/mo 2 0.24 miles OpenRent
2 Bed Flat, Leftbank, M3 £1,350/mo 2 0.25 miles OpenRent
2 Bed Flat, New Kings Head Yard, M3 £1,200/mo 2 0.26 miles OpenRent
2 Bed Flat, Delta Point, M3 £1,295/mo 2 0.27 miles OpenRent

Average rent: £1,413/mo (12 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.89%
Max investor price (0.8%) £161,875
Target investor price (1%) £129,500
Gross yield 10.7%
Cost-to-rent ratio 9.3×
Monthly cashflow £569/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 16.3%
  • 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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