# 1 bedroom apartment for sale (M5 4SG) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 302, BRIDGEWATER GATE, WODEN STREET, SALFORD, GREATER MANCHESTER M5 4SG | | Price | £70,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | C | | Last sold | £136,500 Mar 2021 | ## Description *AVAILABLE VIA MODERN AUCTION.* Auction date - LIVE CASH BUYERS ONLY Welcome to this charming One-bedroom apartment on the third floor which is located in the desirable area of Bridgewater Gate, Woden Street, Salford. Upon entering, you will find a well-appointed reception room, the apartment features one spacious bedroom, designed to be a peaceful retreat, ensuring a restful night’s sleep. The bathroom is thoughtfully designed, offering both functionality and style. The kitchen includes integrated appliances such as, fridge / freezer, oven/hob and extractor fan. The property benefits from being close to local amenities such as regent retail park and local transport links. This property is also perfect for investors as it has a rental yield of 8.15% **Auctioneers Comments** - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional. **The Building** - The location of this apartment is particularly appealing, as it is situated in a vibrant community with easy access to local amenities, including shops, restaurants, and parks. Salford is known for its excellent transport links, making it simple to commute to nearby cities, including Manchester, which is just a short distance away. This property is an excellent opportunity for those looking to embrace a contemporary lifestyle in a thriving area. With its modern features and prime location, this apartment is sure to attract interest. Do not miss the chance to make this lovely space your new home. **Hallway** - The entrance hall leads to all rooms with storage and storage cupboard housing the hot water heater. **Lounge / Kitchen** - 4.9 x 4 (16'0" x 13'1") - The lounge has fitted carpets as well as a floor to ceiling window, electric heater as well as TV access point. The kitchen includes integrated appliances, fridge/freezer, oven / hob and extractor fan. **Master Bedroom** - 3.6 x 2.6 (11'9" x 8'6") - Fitted carpets, electric heater, floor to ceiling window, spotlighting. **Externally** - Concierge. Rooftop Communal area. **Additional Information** - Service Charge - £2,560.00 Ground Rent - £240.00 Council Tax - C EPC- 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/168077240/1006519) - ![Photo](/listings/photos/168077240/1006524) - ![Photo](/listings/photos/168077240/1006525) - ![Photo](/listings/photos/168077240/1006526) - ![Photo](/listings/photos/168077240/1006527) - ![Photo](/listings/photos/168077240/1006528) - ![Photo](/listings/photos/168077240/1006529) ## Floorplans - ![Floorplan 1](/listings/photos/168077240/1006530) - Floorplan 1 ## EPC Graphs - ![EE Rating](/listings/photos/168077240/1006531) - EE Rating ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | BRIDGEWATER GATE APARTMENT 302 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4SG | £136,500 | 02/03/2021 | 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 | |---------|-------|------|------| | IMOGEN COURT FLAT 74 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TQ | £85,000 | 18/12/2025 | Flat | | 9 APARTMENT 4 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG | £156,000 | 28/11/2025 | Flat | | IRWELL BUILDING APARTMENT 58 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS | £180,000 | 18/11/2025 | Flat | | 7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE | £143,000 | 04/11/2025 | Flat | | THE RIVERSIDE APARTMENT 81 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SU | £255,000 | 24/10/2025 | Flat | | RENOLDS HOUSE APARTMENT 40 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £80,000 | 23/10/2025 | Flat | | IRWELL BUILDING APARTMENT 79 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS | £188,000 | 19/09/2025 | Flat | | ROSALIND COURT FLAT 144 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TG | £130,000 | 12/09/2025 | Flat | | 9 APARTMENT 312 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG | £235,000 | 28/08/2025 | Flat | | DELANEY BUILDING APARTMENT 54 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SR | £130,000 | 13/08/2025 | Flat | | 9 APARTMENT 110 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG | £194,000 | 27/06/2025 | Flat | | COMMERCE QUAY, 221 APARTMENT 005 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4TT | £300,000 | 31/03/2025 | Flat | | 7 APARTMENT 119 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £152,500 | 14/02/2025 | Flat | | BRIDGEWATER POINT APARTMENT 705 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YB | £158,000 | 07/02/2025 | Flat | | CASSANDRA COURT FLAT 43 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TW | £140,000 | 20/01/2025 | Flat | | ROSALIND COURT FLAT 149 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TG | £125,000 | 26/11/2024 | Flat | | THE MILL 103 SOUTH HALL STREET, SALFORD, GREATER MANCHESTER, M5 4JH | £230,000 | 14/10/2024 | Flat | | 7 APARTMENT 122 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £177,000 | 15/12/2023 | Flat | | RENOLDS HOUSE APARTMENT 19 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £153,000 | 01/12/2023 | Flat | | 9 APARTMENT 506 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG | £207,000 | 07/11/2023 | Flat | **Area average:** £170,925 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £198,265 (77 Flat, M5, 2024–2026) - **Deviation:** -64.7% ## 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):** £449/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 | |------|------|------|------|------| | 1 Bed Flat, Bridgewater Gate, M5 | £995/mo | 1 | 0.02 miles | OpenRent | | 1 Bed Flat, Regent Road, M3 | £1,150/mo | 1 | 0.21 miles | OpenRent | | 1 Bed Flat, Britannia Mills, M15 | £1,100/mo | 1 | 0.23 miles | OpenRent | | 1 Bed Flat, Ellesmere Street, M15 | £1,175/mo | 1 | 0.25 miles | OpenRent | | 1 Bed Flat, The Box Works, M15 | £2,000/mo | 1 | 0.27 miles | OpenRent | | 1 Bed Flat, Arundel Street, M15 | £1,050/mo | 1 | 0.27 miles | OpenRent | **Average rent: £1,245/mo (6 listings)** ## 1% Rule - **Rent ratio:** 1.61% (strong) - **Max investor price (0.8%):** £140,625 - **Target investor price (1%):** £112,500 *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 £1,125/mo).* - **Gross yield:** 19.3% - **Cost-to-rent:** 5.2× - **Monthly cashflow:** £712/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 42.1% *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:** -11.2% - **10y growth:** 31.2% ## House Price Index (HM Land Registry) *Official index for Salford; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -5% - **5y growth (index):** 17.3% - **10y growth (index):** 75% ## 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)