For sale Flat

APARTMENT M3

29 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER M3 5GN

1 beds 1 baths 840 sq ft Listed 17 Jun 2025 (-355d)

£260,000

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Property details

Floor area

78 m²

Council tax band

TBC

EPC rating

C

Last sold

£329,356 Nov 2021

Price per m²

£3,333/m²

Local average

£285,723 (-9%)

Street crime

9 incidents within 1 mile (Mar 2026)

Key features

  • Modern One Bedroom Apartment
  • Floor-to-Ceiling Windows
  • Hard Floors Throughout
  • Fully Furnished
  • Building is Pet Friendly
  • River views
  • 24-hour Concierge
  • Cinema Room & Co-Working Space
  • 20 Minutes From City Centre

Description

Spacious One Bedroom Apartment | Two Bathrooms | Fully Furnished | 474 Square Feet | 24-Hour Concierge | Pet Friendly | Hard Floors Throughout | Floor-to-Ceiling Windows | Great Location



Affinity Living Riverview-Manchester

Premium City Living for Homeowners and Investors

Discover Affinity Living Riverview, a stunning 35-storey residential skyscraper in Manchester’s vibrant Spinningfields district, offering a new vision for urban living. Completed in 2020 by Select Property Group and designed by Denton Corker Marshall, this iconic development at 29 New Bailey Street, M3, features 332 pet-friendly apartments with unrivalled amenities. Priced at £260,000, this fully furnished one-bedroom apartment with high-end finishes is a perfect choice for homeowners seeking a luxurious city lifestyle and investors targeting high-yield opportunities in Manchester’s thriving M3 postcode.

For Homeowners

A Luxurious Urban Retreat-Step into this chic one-bedroom apartment, designed for comfort and style. The open-plan living space boasts floor-to-ceiling windows, offering breathtaking views of Manchester’s skyline or the River Irwell, complemented by hardwood flooring and LED lighting. The modern kitchen features premium appliances (Siemens oven, hob, fridge/freezer, dishwasher, washer/dryer) and a statement breakfast bar, ideal for entertaining. The spacious double bedroom includes plush carpeting, built-in wardrobes, and an en-suite bathroom with a walk-in shower, Porcelanosa tiling, and a chrome heated towel rail. Fully furnished with high-end pieces-designer sofa, smart TV, and luxury bed frame-this pet-friendly apartment is move-in ready. Residents enjoy exclusive amenities: a state-of-the-art gym, social lounges, co-working spaces, cinema snugs, an in-house café (Loaf MCR), and a 24/7 reception team hosting regular events like cocktail nights and yoga classes. Just a 5-minute walk from Spinningfields’ dining (The Ivy, 20 Stories) and Deansgate’s shops, Affinity Living Riverview offers a vibrant, community-driven lifestyle.


For Investors
A High-Yield Skyline Gem-Priced at £260,000, this one-bedroom apartment commands net yields around 5% after service charges ground rent. Currently in high demand, it’s a turnkey investment in Manchester’s central business district, where property values are forecast to grow 29.4% by 2029 (Savills). The 239-year leasehold and EWS1-compliant status ensure long-term value, though cash buyers are recommended due to market preferences. Its prime location, a 5-minute walk from Spinningfields and Salford Central Station (0.3 miles), attracts professionals and students (University of Manchester, 1 mile). The extensive amenities-gym, co-working spaces, and resident events-enhance tenant appeal, making this a low-maintenance, high-return asset for buy-to-let investors. North Property Group’s management services simplify ownership, handling tenant sourcing and maintenance.

Prime Location
Vibrant Lifestyle-Located on the riverfront in Spinningfields, Affinity Living Riverview offers serene views and unmatched connectivity. A 5-minute walk to Deansgate and Spinningfields places you in Manchester’s premier dining and business hub, while the Arndale shopping centre, Selfridges, and Harvey Nichols are a 10-minute stroll. Salford Central Station (0.3 miles) and Manchester Piccadilly (1 mile) ensure excellent transport links, with Manchester Airport 9 miles away. The nearby River Irwell and Greengate Park provide tranquil escapes, while cultural venues like the Manchester Opera House (0.5 miles) and the Northern Quarter’s bars enrich the lifestyle. The ongoing regeneration of Spinningfields and Greengate promises further growth in the area’s value and appeal, making this a cornerstone of Manchester’s future.

FOR MORE INFORMATION, CONTACT NORTH PROPERTY GROUP TODAY

North Property Group is an independently owned sales, lettings and property agency with more than 20 years of experience. We work exclusively for the benefit of our clients to help you buy, sell, let or rent the best properties across the UK.

Listed by

Leeds

North Property Group Ltd

Reference: 163414292

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 07/09/2021

Current heating cost: £256/year

Potential heating cost: £256/year

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event Date Price % change
Listed for sale — £260,000 -21.1%
Sold 26/11/2021 (4 years ago) £329,356 —

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
32 APARTMENT 407 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5FZ £177,000 19/12/2025 Flat
32 APARTMENT 1008 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5GD £320,000 10/06/2025 Flat
29 APARTMENT 2901 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5GR £360,000 10/06/2025 Flat
32 APARTMENT 1010 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5GD £320,000 10/06/2025 Flat
32 APARTMENT 1304 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5GE £250,000 10/06/2025 Flat
32 APARTMENT 1205 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5GD £330,000 10/06/2025 Flat
32 APARTMENT 1309 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5GE £310,000 10/06/2025 Flat
THE BAYLEY, 21 APARTMENT 45 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5AX £107,000 13/01/2025 Flat
THE BAYLEY, 21 APARTMENT 45 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5AX £107,000 13/01/2025 Flat
32 APARTMENT 401 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5FZ £265,000 20/12/2023 Flat
32 APARTMENT 1202 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5GD £320,000 27/10/2023 Flat
32 APARTMENT 309 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5FZ £275,000 26/10/2023 Flat
29 APARTMENT 209 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5GN £230,000 20/10/2023 Flat
32 APARTMENT 412 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5FZ £180,000 20/10/2023 Flat
29 APARTMENT 1305 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5GP £265,000 10/07/2023 Flat
32 APARTMENT 1007 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5GD £192,000 16/06/2023 Flat
THE BAYLEY, 21 APARTMENT 50 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5AX £115,000 13/04/2023 Flat
THE BAYLEY, 21 APARTMENT 52 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5AX £105,000 13/04/2023 Flat
32 APARTMENT 603 QUAY STREET, SALFORD, GREATER MANCHESTER, M3 5FZ £298,000 16/01/2023 Flat
29 APARTMENT 608 NEW BAILEY STREET, SALFORD, GREATER MANCHESTER, M3 5GN £265,482 22/12/2022 Flat

Area average: £239,574 (20 sales)

Capital growth trend

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

5y growth 16.8%
10y growth 52%

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

1y (index) -5.6%
5y (index) 11%
10y (index) 71.5%

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: £773/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M3 5GN

Nearby

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

Type Name Distance
Shop Tesco Express 0.0 miles
Bus stop Salford, New Bailey Street / Salford Station (Stop WV) 0.1 miles
Bus stop Manchester City Centre, Bridge Street (Stop WW) 0.1 miles
Shop Unknown 0.1 miles
Train station Salford Central 0.1 miles
University UCEN Manchester (City Campus) 0.6 miles
University University of Law 0.6 miles
Train station Deansgate 0.6 miles
Hospital Salford Gastric Bypass Surgery 1.7 miles
Hospital The Ailsa Craig Medical Practise 2.7 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
Abbey College Manchester Other 0.4 miles — (No rating)
St Philip's CofE Primary School Primary 0.4 miles Good — 19 Oct 2023
The Cathedral School of St Peter and St John RC Primary Primary 0.5 miles Good — 10 Jul 2022
Chetham's School of Music Other 0.5 miles — (No rating)
The Friars Primary School Primary 0.5 miles Good — 24 Apr 2024

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
Studio Flat, Chapel Street, M3 £500/mo 1 0.4 miles OpenRent

Average rent: £500/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.19%
Max investor price (0.8%) £62,500
Target investor price (1%) £50,000
Gross yield 2.3%
Cost-to-rent ratio 43.3×
Monthly cashflow £-599/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -9.5%
  • 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).