# 2 bedroom apartment for sale (M3 6ES)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 82, CITY POINT, 156, CHAPEL STREET, SALFORD, SALFORD, GREATER MANCHESTER M3 6ES |
| Price | £155,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | B |
| Last sold | £156,000 Aug 2004 |

## Description

This 2nd floor two bedroom apartment is located in the popular development City Point II on Chapel Street. Entrance hall and storage with washer/dryer, living/kitchen with juliet balcony and fitted base units with oven/hob, fridge/freezer and dishwasher. Master bedroom has en-suite shower room, 2nd double bedroom and three piece bathroom suite with shower attachment. Property comes with a parking space. Tax Band B. EPC Rating C.

**The Building** - Situated in a prime location, this apartment benefits from easy access to local amenities, including shops, restaurants, and public transport links, making it a fantastic base for exploring the wider area. Whether you are commuting to work or enjoying a leisurely day out, you will find everything you need within reach. Salford Station is located 50 yards across the road and Spinningfields is only a stones throw away.

**Kitchen / Lounge** - 4.37 x 4.17 (14'4" x 13'8") - Spacious open plan kitchen / lounge, a range of wall and base units with a complimentary kitchen worktop, integrated oven/hob, extractor fan and dishwasher, electrical power sockets, spot lighting, T.V access point, Juliet balcony.

**Bedroom One** - 2.71 x 3.78 (8'10" x 12'4") - Fitted carpets, spot lighting, fitted wardrobe, double glazed UPVC window, electric heater

**En-Suite** - 1.86 x 1.57 (6'1" x 5'1") - En-closed shower cubicle, shower attachment with mixer, heated towel rail, spot lighting, fitted mirror.

**Bedroom Two** - 3.65 x 3.54 (11'11" x 11'7") - Fitted carpets, spot lighting, fitted wardrobe, double glazed UPVC window, electric heater, access to en-suite.

**Bathroom** - 2.12 x 2.06 (6'11" x 6'9") - Part tiled bathroom, shower attachment, glass shower screen, hand wash basin, low level W.C.

**Externally** - Property comes with an allocated parking space.

**Additional Information** - Service Charges £2275.08p pa

Ground Rent £159.15p pa Review period TBC 

Lease 150 Years from 2002

EPC Rating - C

Council Tax Band - B

**Agents Notes** - To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.

## Property Photos

- ![Photo](/listings/photos/171076853/2675965)
- ![Photo](/listings/photos/171076853/2675966)
- ![Photo](/listings/photos/171076853/2675967)
- ![Photo](/listings/photos/171076853/2675968)
- ![Photo](/listings/photos/171076853/2675969)
- ![Photo](/listings/photos/171076853/2675970)
- ![Photo](/listings/photos/171076853/2675971)
- ![Photo](/listings/photos/171076853/2675972)
- ![Photo](/listings/photos/171076853/2675973)

## Floorplans

- ![Floorplan 1](/listings/photos/171076853/2675974) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/171076853/2675975) - EE Rating

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| CITY POINT, 156 APARTMENT 82 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ES | £156,000 | 09/08/2004 | Flat |
| CITY POINT, 156 APARTMENT 82 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ES | £139,950 | 21/11/2003 | 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 |
|---------|-------|------|------|
| FRESH, 138 APARTMENT 712 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6DE | £168,000 | 02/07/2026 | Flat |
| CITY POINT, 156 FLAT 122 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £162,000 | 22/12/2025 | Flat |
| MODEL LODGING HOUSE FLAT 31 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £350,000 | 19/12/2025 | Flat |
| CITY POINT, 156 FLAT 135 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £140,000 | 18/12/2025 | Flat |
| CITY POINT, 156 FLAT 90 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £165,000 | 18/12/2025 | Flat |
| CITY POINT, 156 FLAT 135 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £140,000 | 18/12/2025 | Flat |
| FRESH, 138 APARTMENT 314 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF | £178,600 | 28/11/2025 | Flat |
| CITY POINT, 156 APARTMENT 203 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £236,000 | 28/11/2025 | Flat |
| CITY POINT, 156 APARTMENT 159 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £120,000 | 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 |
| 239 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5EP | £120,000 | 22/08/2025 | Flat |
| CITY POINT, 156 APARTMENT 185 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £220,000 | 22/07/2025 | Flat |
| 96 APARTMENT 3103 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £407,950 | 23/05/2025 | Flat |
| FRESH, 138 APARTMENT 612 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6DE | £150,000 | 14/05/2025 | Flat |
| 96 APARTMENT 2503 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £324,950 | 22/04/2025 | Flat |
| 96 APARTMENT 2401 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £264,950 | 03/04/2025 | Flat |

**Area average:** £217,073 (20 sales)

## Price vs local average

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

- **Local average:** £283,719 (362 Flat, M3, 2024–2026)
- **Deviation:** -45.4%

## 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 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 Flat, Canon Green Court, M3 | £1,100/mo | 2 | 0.25 miles | OpenRent |
| 2 Bed Flat, Delta Point, M3 | £1,175/mo | 2 | 0.29 miles | OpenRent |
| 2 Bed Flat, N. George Street, M3 | £1,150/mo | 2 | 0.32 miles | OpenRent |

**Average rent: £1,142/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.74% (weak for cashflow)
- **Max investor price (0.8%):** £143,750
- **Target investor price (1%):** £115,000

*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 £1,150/mo).*

- **Gross yield:** 8.9%
- **Cost-to-rent:** 11.2×
- **Monthly cashflow:** £400/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.7%

*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:** -18.9%
- **10y growth:** 33.1%

## House Price Index (HM Land Registry)

*Official index for Salford; Flats and maisonettes series; as of August 2026.*

- **1y growth (index):** -5.9%
- **5y growth (index):** 3.5%
- **10y growth (index):** 52%

## 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)