For sale Town house

UNIT G03

30 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER M5 4LZ

2 beds 2 baths Listed 23 Oct 2024 (-742d)

£290,000

Reduced on 8 Sep 2025

Save

# 2 bedroom town house for sale (M5 4LZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | UNIT G03, 30 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER M5 4LZ |
| Price | £290,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | TBC |
| Last sold | £239,950 Jul 2024 |

## Description

*NEW TOWNHOUSE*

Introducing this rare opportunity to purchase this brand new, modern 2 bedroom, 2 bathroom townhouse in the highly sought after after X1 Landmark development situated in a desirable residential area on the outskirts of the City Centre. X1 The Landmark will present 191 luxury units on a prime residential site adjacent to Spinningfields in Manchester city centre. It features an exciting mix of one, two and three bedrooms apartments, together with two, three and four bedroom family townhouses. Residents will also benefit from a double height gymnasium, dedicated lounge, courtyard garden, spectacular entrance foyer and SECURE PARKING, all within a 5 minute walk of the city’s central business district, bars, restaurants and high end shopping areas.

In brief, the property is spread across two floors and offers expert finishes and designs throughout, on the ground floor you will find two double bedrooms which offer space for storage and bathroom. Upstairs you will find the spacious open plan living/dining room, perfect for entertaining guests, large kitchen with integrated appliances and ample space for storage, access onto the terrace and the second bathroom.

Don't miss the chance to own a property in one of Manchester's most iconic developments. Contact us today to arrange a viewing and explore the available options that suit your budget. Experience contemporary living at its finest at X1 Landmark.

Length of Lease - 250 Years Remaining From 2023

Service Charge - £904.14 Quarterley

Ground Rent - £395 per annum

EPC Rating C

Council Tax Band C

## Property Photos

- ![Picture No. 18](/listings/photos/154122146/512083) - Picture No. 18
- ![Picture No. 02](/listings/photos/154122146/512084) - Picture No. 02
- ![Picture No. 16](/listings/photos/154122146/512085) - Picture No. 16
- ![Picture No. 11](/listings/photos/154122146/512086) - Picture No. 11
- ![Picture No. 09](/listings/photos/154122146/512087) - Picture No. 09
- ![Picture No. 17](/listings/photos/154122146/512089) - Picture No. 17
- ![Picture No. 10](/listings/photos/154122146/512091) - Picture No. 10
- ![Picture No. 06](/listings/photos/154122146/512092) - Picture No. 06
- ![Picture No. 13](/listings/photos/154122146/512093) - Picture No. 13
- ![Picture No. 07](/listings/photos/154122146/512094) - Picture No. 07
- ![Picture No. 08](/listings/photos/154122146/512095) - Picture No. 08
- ![Picture No. 03](/listings/photos/154122146/512098) - Picture No. 03
- ![Picture No. 01](/listings/photos/154122146/512100) - Picture No. 01
- ![Picture No. 05](/listings/photos/154122146/512102) - Picture No. 05
- ![Picture No. 04](/listings/photos/154122146/512103) - Picture No. 04

## Floorplans

- ![Picture No. 14](/listings/photos/154122146/512104) - Picture No. 14
- ![Picture No. 15](/listings/photos/154122146/512105) - Picture No. 15

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 30 UNIT G03 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4LZ | £239,950 | 05/07/2024 | Flat |

## Price vs local average

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

- **Local average:** £268,484 (16 Terraced, M5, 2024–2026)
- **Deviation:** +8%

## Rental Range

*ONS Price Index of Private Rents (Salford). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,056/mo
- **Realistic:** £1,173/mo
- **Optimistic:** £1,290/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Richmond & Hambleton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/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, Middlewood Street, M5 | £1,100/mo | 2 | 0.03 miles | OpenRent |
| 2 Bed Flat, Craven St, M5 | £1,550/mo | 2 | 0.04 miles | OpenRent |
| 2 Bed Flat, Middlewood Street, M5 | £1,100/mo | 2 | 0.06 miles | OpenRent |
| 2 Bed Flat, Middlewood Plaza, M5 | £1,395/mo | 2 | 0.07 miles | OpenRent |
| 2 Bed Flat, Block B, M5 | £2,300/mo | 2 | 0.16 miles | OpenRent |
| 2 Bed Flat, Albert Mill, M5 | £1,250/mo | 2 | 0.21 miles | OpenRent |
| 2 Bed Flat, Block B, M5 | £1,500/mo | 2 | 0.24 miles | OpenRent |
| 2 Bed Flat, Ordsall Lane, M5 | £1,480/mo | 2 | 0.24 miles | OpenRent |
| 2 Bed Semi-Detached House, Adelphi St, M3 | £2,120/mo | 2 | 0.35 miles | OpenRent |

**Average rent: £1,533/mo (9 listings)**

## 1% Rule

- **Rent ratio:** 0.51% (weak for cashflow)
- **Max investor price (0.8%):** £185,000
- **Target investor price (1%):** £148,000

*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 £1,480/mo).*

- **Gross yield:** 6.1%
- **Cost-to-rent:** 16.3×
- **Monthly cashflow:** £165/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 2.4%

*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).*

## Capital growth trend

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

- **5y growth:** 45.1%
- **10y growth:** 154.5%

## House Price Index (HM Land Registry)

*Official index for Salford; Terraced series; as of August 2026.*

- **1y growth (index):** 0.8%
- **5y growth (index):** 17.5%
- **10y growth (index):** 84.1%

## 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)

Picture No. 18 Picture No. 02 Picture No. 16 Picture No. 11 Picture No. 09 Picture No. 17 Picture No. 10 Picture No. 06 Picture No. 13 Picture No. 07 Picture No. 08 Picture No. 03 Picture No. 01 Picture No. 05 Picture No. 04

/ 15

Property details

Council tax band

TBC

Last sold

£239,950 Jul 2024

Local average

£268,484 (+8%)

Street crime

0 incidents within 1 mile (Aug 2026)

Key features

New Two Bedroom Townhouse
Modern Aesthetic Throughout
Highly Desireable Residential Area
Bought Vacant Possession
Short Walk Into Manchester City Centre
Close To Local Amenitites including Supermarkets & Gyms
Great Investment Opportunity
Owner Occupiers Welcomed

Additional details

Parking: Yes
Garden: Yes

Description

*NEW TOWNHOUSE*

Introducing this rare opportunity to purchase this brand new, modern 2 bedroom, 2 bathroom townhouse in the highly sought after after X1 Landmark development situated in a desirable residential area on the outskirts of the City Centre. X1 The Landmark will present 191 luxury units on a prime residential site adjacent to Spinningfields in Manchester city centre. It features an exciting mix of one, two and three bedrooms apartments, together with two, three and four bedroom family townhouses. Residents will also benefit from a double height gymnasium, dedicated lounge, courtyard garden, spectacular entrance foyer and SECURE PARKING, all within a 5 minute walk of the city’s central business district, bars, restaurants and high end shopping areas.

In brief, the property is spread across two floors and offers expert finishes and designs throughout, on the ground floor you will find two double bedrooms which offer space for storage and bathroom. Upstairs you will find the spacious open plan living/dining room, perfect for entertaining guests, large kitchen with integrated appliances and ample space for storage, access onto the terrace and the second bathroom.

Don't miss the chance to own a property in one of Manchester's most iconic developments. Contact us today to arrange a viewing and explore the available options that suit your budget. Experience contemporary living at its finest at X1 Landmark.

Length of Lease - 250 Years Remaining From 2023
Service Charge - £904.14 Quarterley
Ground Rent - £395 per annum
EPC Rating C
Council Tax Band C

Listed by

Manchester

National Home Move - LSL Franchise

Reference: 154122146

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location is outside the imported HM Land Registry INSPIRE registered freehold polygons.

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

Picture No. 14

Picture No. 15

Price history

Event	Date	Price	% change
Listed for sale	—	£290,000	+20.9%
Sold	05/07/2024 (2 years ago)	£239,950	—

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

Sold Comparables

Sold comparables data is not available for this property.

Capital growth trend

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

5y growth 45.1%

10y growth 154.5%

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

1y (index) 0.8%

5y (index) 17.5%

10y (index) 84.1%

Rental Range

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

Low £1,056/mo

Realistic £1,173/mo

Optimistic £1,290/mo

Based on Local Authority from postcode lookup → Salford.

LHA (30th percentile) floor for Richmond & Hambleton: £549/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M5 4LZ

Nearby

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

Type	Name	Distance
Bus stop	Oldfield Road/Liverpool Street	0.0 miles
Bus stop	Liverpool Street/Whitehouse Hotel	0.0 miles
Shop	Selectric	0.1 miles
Shop	Andrews Continental Delicacies Ltd	0.1 miles
Train station	Salford Central	0.5 miles
Train station	Salford Crescent	0.6 miles
University	UCEN Manchester (City Campus)	1.1 miles
University	University of Law	1.1 miles
Hospital	Salford Gastric Bypass Surgery	1.2 miles
Hospital	The Ailsa Craig Medical Practise	3.0 miles

Street-level crime

Category	Count
Total incidents	0

Within 1 mile during Aug 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
St Philip's CofE Primary School	Primary	0.3 miles	Good — 19 Oct 2023
University of Salford	Other	0.3 miles	— (No rating)
Primrose Hill Primary School and Children's Centre	Primary	0.4 miles	Good — 30 Jun 2022
St Paul's CofE Primary School	Primary	0.5 miles	Good — 9 Jun 2024
St Joseph's RC Primary School	Primary	0.6 miles	Good — 24 May 2022

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, Middlewood Street, M5	£1,100/mo	2	0.03 miles	OpenRent
2 Bed Flat, Craven St, M5	£1,550/mo	2	0.04 miles	OpenRent
2 Bed Flat, Middlewood Street, M5	£1,100/mo	2	0.06 miles	OpenRent
2 Bed Flat, Middlewood Plaza, M5	£1,395/mo	2	0.07 miles	OpenRent
2 Bed Flat, Block B, M5	£2,300/mo	2	0.16 miles	OpenRent
2 Bed Flat, Albert Mill, M5	£1,250/mo	2	0.21 miles	OpenRent
2 Bed Flat, Block B, M5	£1,500/mo	2	0.24 miles	OpenRent
2 Bed Flat, Ordsall Lane, M5	£1,480/mo	2	0.24 miles	OpenRent
2 Bed Semi-Detached House, Adelphi St, M3	£2,120/mo	2	0.35 miles	OpenRent

Average rent: £1,533/mo (9 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.51%

Max investor price (0.8%) £185,000

Target investor price (1%) £148,000

Gross yield 6.1%

Cost-to-rent ratio 16.3×

Monthly cashflow £165/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 2.4%

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).