# 3 bedroom apartment for sale (M5 4WD) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 412, COMMERCE QUAY, 221, ORDSALL LANE, SALFORD, GREATER MANCHESTER M5 4WD | | Price | £550,000 | | Bedrooms | 3 | | Bathrooms | 3 | | Floor area | 86 m² | | Last sold | £263,000 Sep 2024 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 15/05/2034 - **Current heating cost:** £324/year [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9760-3007-9305-4124-8200) ## Description "This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers Completed - Earn Immediate Rental Income from Day 1! DESCRIPTION Residents can enjoy luxury living in this south-facing apartment, boasting a walk-in wardrobe and high-end finishes. This exceptional property is situated in a historic location, once a bustling dyeworks renowned for producing world-class fabrics. Now a thriving residential area undergoing significant investment and regeneration, the development offers much-needed high-quality homes. Its prime location, within easy reach of MediaCityUK, Deansgate, and Spinningfields, as well as easy access to bars and restaurants along the waterfront, makes it ideal for young professionals working in these vibrant districts. Developed by Legacie, winner of Property Developer of the Year 2023, this apartment is part of a £475 million portfolio that has already delivered £30 million in returns to investors. Investors can earn a NET rental yield of 6.5% from this apartment, alongside a substantial capital growth projection of 28.8% over the next five years. Enquire Today to Receive Floor Plans, Info Pack & Full Investment Breakdown " ## Property Photos - ![Photo](/listings/photos/169778936/324737) - ![Photo](/listings/photos/169778936/324738) - ![Photo](/listings/photos/169778936/324739) - ![Photo](/listings/photos/169778936/324740) - ![Photo](/listings/photos/169778936/324741) - ![Photo](/listings/photos/169778936/324742) - ![Photo](/listings/photos/169778936/324743) - ![Photo](/listings/photos/169778936/324744) ## Floorplans - ![Floorplan 1](/listings/photos/169778936/324745) - Floorplan 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | COMMERCE QUAY, 221 APARTMENT 412 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4WD | £263,000 | 16/09/2024 | 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 | |---------|-------|------|------| | 7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE | £143,000 | 04/11/2025 | Flat | | RENOLDS HOUSE APARTMENT 40 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £80,000 | 23/10/2025 | Flat | | COMMERCE QUAY, 221 APARTMENT 005 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4TT | £300,000 | 31/03/2025 | Flat | | BRIDGEWATER POINT APARTMENT 705 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YB | £158,000 | 07/02/2025 | 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 | | BRIDGEWATER WHARF BLOCK E UNIT 405 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH | £145,000 | 03/11/2023 | Flat | | 7 APARTMENT 806 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YF | £175,000 | 13/10/2023 | Flat | | 7 APARTMENT 111 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £212,000 | 12/10/2023 | Flat | | 7 APARTMENT 120 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £210,000 | 29/09/2023 | Flat | | 7 APARTMENT 410 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE | £150,000 | 12/09/2023 | Flat | | 7 APARTMENT 706 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YF | £176,000 | 21/08/2023 | Flat | | BRIDGEWATER WHARF BLOCK A UNIT 605 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH | £145,500 | 14/08/2023 | Flat | | QUAY 5, 232 APARTMENT 4A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB | £150,000 | 24/07/2023 | Flat | | 7 APARTMENT 211 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £210,000 | 11/07/2023 | Flat | | WATERHOUSE APARTMENTS, 14 11 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £240,330 | 08/03/2023 | Flat | | BRIDGEWATER POINT APARTMENT 426 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YB | £162,500 | 07/03/2023 | Flat | | BRIDGEWATER POINT APARTMENT G01 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YA | £113,500 | 17/02/2023 | Flat | | RENOLDS HOUSE APARTMENT 32 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £141,000 | 08/02/2023 | Flat | | SLATER HOUSE APARTMENT 47 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4UE | £180,000 | 22/12/2022 | Flat | **Area average:** £171,092 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £204,902 (68 Flat, M5, 2024–2026) - **Deviation:** +168.4% ## 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):** £648/mo ## 1% Rule - **Rent ratio:** 0.21% (weak for cashflow) - **Max investor price (0.8%):** £145,250 - **Target investor price (1%):** £116,200 *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 Area rent estimate.* ## Price per Square Metre - **£/m²:** £6,395/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -10.8% - **10y growth:** 28.8% ## House Price Index (HM Land Registry) *Official index for Salford; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -5.6% - **5y growth (index):** 11% - **10y growth (index):** 71.5% ## 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)