For sale Flat

APARTMENT 39

CITY POINT, 156 CHAPEL STREET, SALFORD M3 6ES

2 beds 2 baths 603 sq ft Listed 23 Feb 2026 (-91d)

£170,000

Offers Over

Reduced on 8 Apr 2026

Save
1416038-16-699707...

1416038-16-699707... 1416038-1-6997060... 1416038-6-699706c... 1416038-2-6997063... 1416038-3-6997069... 1416038-4-6997069... 1416038-5-699706a... 1416038-7-699706d... 1416038-8-699706e... 1416038-9-699706e... 1416038-10-699706... 1416038-11-699707... 1416038-13-699707... 1416038-14-699707... 1416038-15-699707... 1416038-11-699707...

/ 16

Property details

Tenure

LEASEHOLD (125 years remaining on lease)

Floor area

56 m²

Council tax band

B

EPC rating

C

Year built

England and Wales: 2003-2006

Last sold

£118,250

Price per m²

£3,036/m²

Local average

£285,723 (-40.5%)

Street crime

9 incidents within 1 mile (Mar 2026)

Key features

  • Two Double Bedrooms
  • Two Bathrooms
  • City Centre
  • Excellent Transport Links
  • Secure Parking
  • Council Tax Band - B

Additional details

Electricity
Mains supply
Water
Mains supply
Sewerage
Mains supply
Heating
Double glazing
Accessibility
Lift access
Parking
Yes
Listed property
No
Restrictions
No
Required access
No
Flooded in last 5 years
No

Description

EWS1 Available – Mortgage Buyers Invited, Substantial Two Bedroom Apartment in Central Location

This spacious second floor apartment is situated on Chapel Street within walking distance to both Salford Central Station and Deansgate.

Upon entering the property, the entrance hall provides access to all principal rooms. The open plan kitchen and living area benefits from plenty of natural light via large windows, creating a bright and welcoming space ideal for both relaxing and entertaining. The kitchen briefly comprises a selection of base units, sink, oven with hob and extractor, and space for appliances.

There are two well-proportioned double bedrooms, offering flexible accommodation suitable for owner-occupiers or investors alike. The modern bathroom is fully tiled and fitted with a contemporary white suite.

The property must be seen to appreciate the size and position of the accommodation available. View our virtual tour online and get in touch to arrange a viewing.


Key details:

Lease remaining - 125 years 10 Months remaining
Service Charges - £ 2325 PA
Ground Rent - £159 PA
Council Tax Band - B
EPC - C
Private Parking included
EWS1 - B1 Rated

Listed by

Fallowfield

Leaders and Romans Group

Reference: 172500377

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 02/04/2026

Current heating cost: £380/year

Potential heating cost: £210/year

Est. upgrade cost to C: £1,800

Recommendations

  • High heat retention storage heaters (£1,200 - £2,400)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

1416038 L.jpg

1416038 L.jpg

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

Event Date Price % change
Listed for sale — £170,000 +43.8%
Sold 01/01/2003 (23 years ago) £118,250 —

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
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 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
CITY POINT, 156 FLAT 135 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET £140,000 18/12/2025 Flat
CITY POINT, 156 APARTMENT 203 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU £236,000 28/11/2025 Flat
FRESH, 138 APARTMENT 314 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF £178,600 28/11/2025 Flat
CITY POINT, 156 APARTMENT 159 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU £120,000 28/11/2025 Flat
150 FLAT 8 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF £182,000 26/11/2025 Flat
MODEL LODGING HOUSE FLAT 10 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ £262,000 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
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
96 APARTMENT 2802 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH £357,950 31/03/2025 Flat
96 APARTMENT 2705 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH £400,000 28/03/2025 Flat
Same street CITY POINT, 156 APARTMENT 30 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ES £160,000 10/10/2022 Flat
Same street CITY POINT, 156 APARTMENT 86 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ES £125,000 20/12/2021 Flat

Street average: £142,500 (2 sales)

Area average: £239,070 (20 sales)

Capital growth trend

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

5y growth 4%
10y growth 62.1%

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

1y (index) -1.1%
5y (index) 16.4%
10y (index) 72.2%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: GLC ESTATES LTD (04993955)

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 6ES

Address

156 Chapel Street

Nearby

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

Type Name Distance
Bus stop Chapel Street/Trinity Way 0.0 miles
Shop Manchester Bikes 0.1 miles
Shop Unknown 0.1 miles
Bus stop GORE Street/Salford Central Station 0.1 miles
Train station Salford Central 0.1 miles
University UCEN Manchester (City Campus) 0.6 miles
Train station Manchester Victoria 0.7 miles
University University of Salford Peel Park Campus 0.7 miles
Hospital Salford Gastric Bypass Surgery 1.6 miles
Hospital Braeburn House 1.6 miles

Street-level crime

Category Count
Violence and sexual offences 5
Other theft 3
Theft from the person 1
Total incidents 9

Within 1 mile during Mar 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
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
Abbey College Manchester Other 0.6 miles — (No rating)
University of Salford Other 0.6 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, Novella, M3 £1,850/mo 2 0.22 miles OpenRent
2 Bed Flat, Novella Apartments, M3 £4,000/mo 2 0.26 miles OpenRent

Average rent: £2,925/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.72%
Max investor price (0.8%) £365,625
Target investor price (1%) £292,500
Gross yield 20.6%
Cost-to-rent ratio 4.8×
Monthly cashflow £1,938/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 47.2%
  • 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).