# 1 bedroom apartment for sale (M5 4WA) ## Property Details | Key | Value | |-----|-------| | Address | Merchants Wharf, Manchester – 6.5% Rental Yields \| Strong Income Investment, M5 4WA | | Price | £189,950 | | Bedrooms | 1 | | Bathrooms | 1 | ## Description "**Merchants Wharf – 6.5% Rental Yields | Strong Income Investment** A contemporary collection of apartments located close to Manchester city centre and the Salford Quays corridor, offering modern homes in one of the region’s strongest growth locations. With strong tenant appeal, high-quality interiors, and excellent access to workplaces, leisure, and transport, this development provides an attractive opportunity to invest in prime city-fringe property with 6% 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 opportunity gives investors exposure to a popular rental market serving both city centre professionals and those working in nearby media and business districts. With 6% projected returns, strong demand for well-located apartments, and optional professional management, it is well suited to those seeking a hands-off investment. The Location Situated between Manchester city centre and key destinations such as Salford Quays and MediaCityUK, the development benefits from excellent connectivity by road, tram, and rail. Residents enjoy quick access to major employment hubs, local parks and waterways, and a growing range of cafes, bars, and everyday amenities, making the location particularly appealing to commuters and young professionals. The Apartments Apartments are designed for modern urban living, with a mix of one and two-bedroom layouts that balance comfort and practicality. Generous living areas, contemporary fitted kitchens, and stylish bathrooms create attractive, low-maintenance homes, while large windows in many units help to maximise natural light and make the most of the surrounding city and skyline views. The Development The development forms part of a high-spec residential block in a sought-after regeneration corridor. Professionally managed communal areas, efficient building systems, and a secure environment contribute to a smooth resident experience, supporting strong occupancy levels. Key onsite facilities include: Secure entry system and monitored communal spacesLift access serving the main residential floorsDedicated cycle storage for city commutersWell-presented lobby Why Invest? 6%+ projected rental returns in a high-demand Manchester city-fringe neighbourhoodStrong appeal to professionals working in the city centre, Salford Quays & MediaCityUKRegeneration-led area with improving amenities, transport links, and public realmModern, high-spec apartments designed for resilient long-term rental demandFully hands-off structure with professional management available to support consistent income Enquire now to secure your unit and receive a full investment breakdown." ## Property Photos - ![Photo](/listings/photos/91022106/1344375) - ![Photo](/listings/photos/91022106/1344376) - ![Photo](/listings/photos/91022106/1344377) - ![Photo](/listings/photos/91022106/1344378) - ![Photo](/listings/photos/91022106/1344379) - ![Photo](/listings/photos/91022106/1344380) - ![Photo](/listings/photos/91022106/1344381) - ![Photo](/listings/photos/91022106/1344382) - ![Photo](/listings/photos/91022106/1344383) ## Floorplans - ![Floorplan 1](/listings/photos/91022106/1344384) - 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 | | 7 APARTMENT 119 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £152,500 | 14/02/2025 | 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 | **Area average:** £169,717 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £199,581 (72 Flat, M5, 2024–2026) - **Deviation:** -4.8% ## 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, Hulton Street, M5 | £1,200/mo | 1 | 0.25 miles | OpenRent | | 1 Bed Flat, Pomona Strand Old Trafford, M16 | £1,000/mo | 1 | 0.47 miles | OpenRent | **Average rent: £1,100/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.58% (weak for cashflow) - **Max investor price (0.8%):** £137,500 - **Target investor price (1%):** £110,000 *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 £1,100/mo).* - **Gross yield:** 6.9% - **Cost-to-rent:** 14.4× - **Monthly cashflow:** £217/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 4.7% *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:** -15.2% - **10y growth:** 31.5% ## 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)