# 1 bedroom apartment for sale (M5 4WD) ## Property Details | Key | Value | |-----|-------| | Address | Merchants Wharf, Manchester – 6.5% Rental Yields \| Strong Income Investment, M5 4WD | | Price | £280,000 | | Bedrooms | 1 | | Bathrooms | 1 | ## Description "This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers DESCRIPTION The investment This is an attractive opportunity for investors seeking strong and reliable performance in the heart of one of Manchester's most quickly evolving areas. The location Positioned in a historically significant district once home to Manchester's renowned dyeworks industry, the area has now evolved into a thriving residential hotspot undergoing transformative regeneration. The development benefits from outstanding connectivity to MediaCityUK, Deansgate, Spinningfields, and the vibrant waterside bar and restaurant scene. This strategic location places residents right at the heart of major employment, leisure, and lifestyle hubs, making it especially attractive to the city's growing population of young professionals. The apartments These apartments exude luxury living throughout, complete with walk-in wardrobes, premium materials, and contemporary interior design. High-end fixtures, modern layouts, and carefully considered detailing ensure maximum comfort and aesthetic appeal - ideal for tenants seeking a stylish, high-quality home close to the city's key districts. The development Crafted to an exceptionally high standard by the award-winning Legacie, this development delivers a blend of striking architecture and premium on-site features. As the area continues to attract new investment and regeneration funding, demand for high-quality accommodation is rising quickly, putting this scheme in a prime spot to benefit. Want to find out more? Contact us today to receive a full digital brochure, apartment floor plans, and a full investment breakdown." ## Property Photos - ![Photo](/listings/photos/88774500/551559) - ![Photo](/listings/photos/88774500/551560) - ![Photo](/listings/photos/88774500/551561) - ![Photo](/listings/photos/88774500/551562) - ![Photo](/listings/photos/88774500/551563) - ![Photo](/listings/photos/88774500/551564) - ![Photo](/listings/photos/88774500/551565) - ![Photo](/listings/photos/88774500/551566) - ![Photo](/listings/photos/88774500/551567) - ![Photo](/listings/photos/88774500/650352) - ![Photo](/listings/photos/88774500/650353) - ![Photo](/listings/photos/88774500/650354) - ![Photo](/listings/photos/88774500/650355) - ![Photo](/listings/photos/88774500/650356) - ![Photo](/listings/photos/88774500/650357) - ![Photo](/listings/photos/88774500/650358) - ![Photo](/listings/photos/88774500/650359) - ![Photo](/listings/photos/88774500/650360) - ![Photo](/listings/photos/88774500/650361) - ![Photo](/listings/photos/88774500/650362) - ![Photo](/listings/photos/88774500/650363) - ![Photo](/listings/photos/88774500/650364) - ![Photo](/listings/photos/88774500/650365) - ![Photo](/listings/photos/88774500/650366) - ![Photo](/listings/photos/88774500/650367) - ![Photo](/listings/photos/88774500/650368) - ![Photo](/listings/photos/88774500/650369) - ![Photo](/listings/photos/88774500/650370) - ![Photo](/listings/photos/88774500/650371) ## Floorplans - ![Floorplan 1](/listings/photos/88774500/551568) - 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 | |---------|-------|------|------| | 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:** £206,700 (69 Flat, M5, 2024–2026) - **Deviation:** +35.5% ## 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 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, Ordsall Lane, M5 | £1,125/mo | 1 | 0.01 miles | OpenRent | | 1 Bed Flat, Vendor House, M5 | £1,175/mo | 1 | 0.02 miles | OpenRent | | 1 Bed Flat, Ordsall Lane, M5 | £1,250/mo | 1 | 0.04 miles | OpenRent | | 1 Bed Flat, Ordsall Lane, M5 | £995/mo | 1 | 0.09 miles | OpenRent | | 1 Bed Flat, Bridgewater Point, M5 | £1,095/mo | 1 | 0.09 miles | OpenRent | | 1 Bed Flat, Ordshall Lane, M5 | £1,599/mo | 1 | 0.14 miles | OpenRent | | 1 Bed Flat, Woden Street, M5 | £1,150/mo | 1 | 0.15 miles | OpenRent | | 1 Bed Flat, Silkbank Wharf, M5 | £1,200/mo | 1 | 0.25 miles | OpenRent | | 1 Bed Penthouse, Ordsall Lane, M5 | £1,500/mo | 1 | 0.28 miles | OpenRent | | 1 Bed Flat, Cleworth St, M15 | £1,000/mo | 1 | 0.31 miles | OpenRent | | 1 Bed Flat, Timber Wharf, M15 | £1,050/mo | 1 | 0.33 miles | OpenRent | | 1 Bed Flat, Timber Wharf, M15 | £1,050/mo | 1 | 0.33 miles | OpenRent | | 1 Bed Flat, Ellesmere Street, M15 | £995/mo | 1 | 0.37 miles | OpenRent | | 1 Bed Flat, Ellesmere Street, M15 | £995/mo | 1 | 0.37 miles | OpenRent | | 1 Bed Flat, Vista River Tower, M3 | £1,400/mo | 1 | 0.4 miles | OpenRent | **Average rent: £1,172/mo (15 listings)** ## 1% Rule - **Rent ratio:** 0.4% (weak for cashflow) - **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:** 4.8% - **Cost-to-rent:** 20.7× - **Monthly cashflow:** £-115/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -1.7% *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:** -4.8% - **10y growth:** 29.4% ## 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)