# 2 bedroom apartment for sale (M3 7NH) ## Property Details | Key | Value | |-----|-------| | Address | Smart Manchester Apartment, Manchester City Centre – 6.5% Rental Yields \| Turnkey Investment Opportunity, M3 7NH | | Price | £159,950 | | Bedrooms | 2 | | Bathrooms | 1 | ## Description "**Smart Manchester Apartment, Manchester City Centre – 6.5% Rental Yields | Turnkey Investment Opportunity** This modern residential opportunity delivers stylish apartments and quality resident facilities in a fast-evolving Greengate / Chapel Street riverside district, on the Salford–Manchester city centre border. With strong tenant appeal, high-spec interiors, and a strategic location close to the major Greengate and Chapel Street regeneration zone and the city’s main business district, this development offers a compelling opportunity to invest in premium property with 7%+ projected returns. This property is available to buy-to-let investors and owner-occupiers. Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments. The Investment This city-fringe investment opportunity provides direct access to a growing rental hotspot on the edge of Manchester’s central business and retail districts. Designed for strong, sustainable demand from young professionals and city-centre commuters, the combination of high-quality spec, professional management, and strong projected returns make it well suited to investors seeking a hands-off, income-focused asset. The Location Located within walking distance of Manchester's Commercial District and Spinningfields, across the River Irwell, Manchester Arndale and the Trinity Way retail corridor, and Manchester Cathedral and the National Football Museum, the development sits in an area undergoing rapid transformation. Its proximity to the Greengate and Chapel Street regeneration zone also brings ongoing improvements to local amenities, public realm, and employment options, supporting both rental demand and long-term capital growth potential. The Apartments A choice of contemporary layouts is available, from efficient studios to well-balanced one and two-bedroom apartments. Interiors are designed around flexible living, with defined zones for cooking, dining, and relaxing, plus smart storage that make the most of every square foot. The Development The apartments form part of a well-presented residential block designed to offer convenience, security, and comfort just outside the busiest part of the city centre. Efficient building systems, managed communal areas, and a professional management structure help support lasting tenant satisfaction and therefore rental performance. Key onsite facilities include: Secure entry system and monitored communal areasLift access serving all main residential levelsWell-maintained corridors and lobby spacesDedicated bicycle storage Why Invest? 7%+ projected rental returns in a growing district on the city centre edgeStrong appeal to young professionals and city-centre commuters seeking modern, well-located apartmentsGreengate and Chapel Street regeneration zone - major ongoing investment hubFully hands-off structure with professional management for the day-to-day availableContemporary, high-spec apartments in a quality building offering resilient, long-term rental demand Enquire now to secure your unit and receive a full investment breakdown." ## Property Photos - ![Photo](/listings/photos/90662340/1131855) - ![Photo](/listings/photos/90662340/1131856) - ![Photo](/listings/photos/90662340/1131857) - ![Photo](/listings/photos/90662340/1131858) - ![Photo](/listings/photos/90662340/1131859) - ![Photo](/listings/photos/90662340/1131860) - ![Photo](/listings/photos/90662340/1131861) - ![Photo](/listings/photos/90662340/1131862) - ![Photo](/listings/photos/90662340/1131863) ## Floorplans - ![Floorplan 1](/listings/photos/90662340/1131864) - Floorplan 1 ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | CITY HEIGHTS FLAT 2006 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £99,000 | 18/12/2025 | Flat | | CITY HEIGHTS FLAT 2106 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £58,000 | 11/12/2024 | Flat | | CITY HEIGHTS FLAT 2106 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £58,000 | 11/12/2024 | Flat | | CITY HEIGHTS FLAT 1507 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £145,000 | 28/11/2023 | Flat | | BARNFIELD HOUSE, 1 APARTMENT 602 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX | £262,750 | 29/09/2023 | Flat | | 2 APARTMENT 104 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GH | £247,500 | 04/08/2023 | Flat | | BARNFIELD HOUSE, 1 APARTMENT 502 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX | £267,000 | 14/07/2023 | Flat | | CITY HEIGHTS FLAT 2004 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £109,950 | 29/06/2023 | Flat | | CITY HEIGHTS FLAT 1907 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £130,000 | 19/06/2023 | Flat | | 3 APARTMENT 206 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GN | £205,000 | 03/03/2023 | Flat | | CITY HEIGHTS FLAT 1206 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £70,000 | 23/02/2023 | Flat | | 2 APARTMENT 214 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GH | £219,728 | 22/02/2023 | Flat | | 2 APARTMENT 906 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GJ | £224,600 | 26/01/2023 | Flat | | 3 APARTMENT 1104 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GP | £316,881 | 10/01/2023 | Flat | | CITY HEIGHTS FLAT 1807 VICTORIA BRIDGE STREET, SALFORD, GREATER MANCHESTER, M3 5AS | £140,000 | 16/12/2022 | Flat | | BARNFIELD HOUSE, 1 APARTMENT 107 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX | £206,000 | 25/11/2022 | Flat | | BARNFIELD HOUSE, 1 APARTMENT 106 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX | £150,000 | 25/11/2022 | Flat | | BARNFIELD HOUSE, 1 APARTMENT 208 SALFORD APPROACH, SALFORD, GREATER MANCHESTER, M3 7BX | £140,000 | 18/11/2022 | Flat | | 3 APARTMENT 807 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GN | £280,725 | 27/10/2022 | Flat | | 2 APARTMENT 801 NEW KINGS HEAD YARD, SALFORD, GREATER MANCHESTER, M3 7GJ | £285,000 | 25/10/2022 | Flat | **Area average:** £180,757 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £283,113 (356 Flat, M3, 2024–2026) - **Deviation:** -43.5% ## 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 Flat, Century Buildings, M3 | £1,495/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, Block B, M3 | £1,400/mo | 2 | 0.29 miles | OpenRent | **Average rent: £1,448/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.91% (okay) - **Max investor price (0.8%):** £181,000 - **Target investor price (1%):** £144,800 *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 £1,448/mo).* - **Gross yield:** 10.9% - **Cost-to-rent:** 9.2× - **Monthly cashflow:** £648/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 16.8% *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:** -14.2% - **10y growth:** 24.6% ## 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)