For sale Flat

APARTMENT 2E

QUAY 5, 240, ORDSALL LANE, SALFORD, GREATER MANCHESTER M5 3NG

3 beds 2 baths Listed 1 Apr 2026 (-111d)

£330,000

Save

# 3 bedroom flat for sale (M5 3NG)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 2E, QUAY 5, 240, ORDSALL LANE, SALFORD, GREATER MANCHESTER M5 3NG |
| Price | £330,000 |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Last sold | £122,000 Nov 2017 |

## Description

Each apartment will be completed with contemporary fixtures and fittings which will raise the bar when it comes to modern living in this busy city. In addition, many apartments include spacious balconies which overlook Salford and Manchester, providing the sort of views which are in high demand. Bridgewater Wharf is the perfect home for people looking to live close to both Manchester city centre and the picturesque Salford Quays waterfront, which includes MediaCityUK. Both are only a short distance from the development, as are all of the restaurants, shops, bars and public transport options that anyone could ask for. When on-site amenities are taken into account - such as secure cycle storage, a communal residents lounge, a private gymnasium and parking on selected units including electric charging points - it is clear that Bridgewater Wharf is an outstanding opportunity for investors.

For further information, floor plans or to discuss the developments please contact Aspen Woolf.

## Property Photos

- ![Photo](/listings/photos/173986277/1073527)
- ![Photo](/listings/photos/173986277/1073528)
- ![Photo](/listings/photos/173986277/1073529)
- ![Photo](/listings/photos/173986277/1073530)
- ![Photo](/listings/photos/173986277/1073531)
- ![Photo](/listings/photos/173986277/1073532)
- ![Photo](/listings/photos/173986277/1073533)
- ![Photo](/listings/photos/173986277/1073534)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| QUAY 5, 240 APARTMENT 2E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £122,000 | 07/11/2017 | 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 |
|---------|-------|------|------|
| NINE ACRE COURT, 27 FLAT 156 TAYLORSON STREET, SALFORD, GREATER MANCHESTER, M5 3HU | £100,000 | 24/11/2025 | Flat |
| 12 TROY WALK, SALFORD, GREATER MANCHESTER, M5 3DF | £128,000 | 07/08/2025 | Flat |
| QUAY 5, 240 APARTMENT 11E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £142,500 | 06/03/2025 | Flat |
| QUAY 5, 238 APARTMENT 15D ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE | £123,500 | 18/12/2023 | Flat |
| QUAY 5, 236 APARTMENT 10C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE | £140,000 | 14/12/2023 | Flat |
| QUAY 5, 234 APARTMENT 32B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £103,500 | 27/10/2023 | Flat |
| QUAY 5, 234 APARTMENT 78B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £86,000 | 06/10/2023 | Flat |
| QUAY 5, 240 APARTMENT 34E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £125,000 | 14/07/2023 | Flat |
| 15 RADCLYFFE MEWS, SALFORD, GREATER MANCHESTER, M5 3GD | £178,000 | 03/03/2023 | Flat |
| QUAY 5, 240 APARTMENT 29E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £125,000 | 25/10/2022 | Flat |
| QUAY 5, 240 APARTMENT 37E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £160,000 | 30/08/2022 | Flat |
| QUAY 5, 234 APARTMENT 50B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £133,000 | 17/08/2022 | Flat |
| QUAY 5, 240 APARTMENT 3E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG | £117,000 | 08/08/2022 | Flat |
| QUAY 5, 236 APARTMENT 18C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE | £123,000 | 01/07/2022 | Flat |
| 101 FLAT 3 HULTON STREET, SALFORD, GREATER MANCHESTER, M5 3WQ | £245,000 | 10/06/2022 | Flat |
| QUAY 5, 238 APARTMENT 1D ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE | £117,000 | 29/04/2022 | Flat |
| QUAY 5, 234 APARTMENT 79B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £150,000 | 14/04/2022 | Flat |
| NINE ACRE COURT, 27 FLAT 125 TAYLORSON STREET, SALFORD, GREATER MANCHESTER, M5 3HT | £91,000 | 17/03/2022 | Flat |
| QUAY 5, 234 APARTMENT 53B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £127,000 | 01/11/2021 | Flat |
| QUAY 5, 236 APARTMENT 23C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE | £122,500 | 29/10/2021 | Flat |

**Area average:** £131,850 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £199,581 (72 Flat, M5, 2024–2026)
- **Deviation:** +65.3%

## 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:** 0.35% (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.*

## 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)

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Property details

Tenure

LEASEHOLD

Last sold

£122,000 Nov 2017

Local average

£199,581 (+65.3%)

Deprivation

Decile 2 (4,720 of 33,755)

Street crime

0 incidents within 1 mile (May 2026)

Key features

PERFECTLY PLACED BETWEEN MANCHESTER AND SALFORD
LOCAL RENTAL MARKET IS GROWING STRONGLY
SUPERB PUBLIC TRANSPORT LINKS
AWARD-WINNING DEVELOPER WITH AN EXCELLENT TRACK RECORD
LET AND MANAGED BY AN EXPERIENCED LETTINGS AGENT
COLLECTION OF STUDIO, ONE, TWO AND THREE BEDROOM APARTMENTS
COMMUNAL RESIDENTS LOUNGE & PRIVATE GYM ON SITE
OUTSTANDING OPPORTUNITY TO INVEST
DUPLEX APARTMENT

Additional details

Parking: Yes

Description

Bridgewater Wharf is the new development from Fortis Developments in Greater Manchester, close to both Manchester and Salford city centres. Comprising 376 apartments spread over eight storeys, the development is a premium opportunity for investors looking for their next property. The studio, one bedroom, two bedroom and three bedroom residential apartments at Bridgewater Wharf are sure to prove popular in Salford which is suffering from a ongoing shortage of high quality rental accommodation.
Each apartment will be completed with contemporary fixtures and fittings which will raise the bar when it comes to modern living in this busy city. In addition, many apartments include spacious balconies which overlook Salford and Manchester, providing the sort of views which are in high demand. Bridgewater Wharf is the perfect home for people looking to live close to both Manchester city centre and the picturesque Salford Quays waterfront, which includes MediaCityUK. Both are only a short distance from the development, as are all of the restaurants, shops, bars and public transport options that anyone could ask for. When on-site amenities are taken into account - such as secure cycle storage, a communal residents lounge, a private gymnasium and parking on selected units including electric charging points - it is clear that Bridgewater Wharf is an outstanding opportunity for investors.
For further information, floor plans or to discuss the developments please contact Aspen Woolf.

Listed by

Leeds

Aspen Woolf Ltd

Reference: 173986277

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event	Date	Price	% change
Listed for sale	—	£330,000	+170.5%
Sold	07/11/2017 (8 years ago)	£122,000	—

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
NINE ACRE COURT, 27 FLAT 156 TAYLORSON STREET, SALFORD, GREATER MANCHESTER, M5 3HU	£100,000	24/11/2025	Flat
12 TROY WALK, SALFORD, GREATER MANCHESTER, M5 3DF	£128,000	07/08/2025	Flat
QUAY 5, 240 APARTMENT 11E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG	£142,500	06/03/2025	Flat
QUAY 5, 238 APARTMENT 15D ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE	£123,500	18/12/2023	Flat
QUAY 5, 236 APARTMENT 10C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE	£140,000	14/12/2023	Flat
QUAY 5, 234 APARTMENT 32B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£103,500	27/10/2023	Flat
QUAY 5, 234 APARTMENT 78B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£86,000	06/10/2023	Flat
QUAY 5, 240 APARTMENT 34E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG	£125,000	14/07/2023	Flat
15 RADCLYFFE MEWS, SALFORD, GREATER MANCHESTER, M5 3GD	£178,000	03/03/2023	Flat
QUAY 5, 240 APARTMENT 29E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG	£125,000	25/10/2022	Flat
QUAY 5, 240 APARTMENT 37E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG	£160,000	30/08/2022	Flat
QUAY 5, 234 APARTMENT 50B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£133,000	17/08/2022	Flat
QUAY 5, 240 APARTMENT 3E ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NG	£117,000	08/08/2022	Flat
QUAY 5, 236 APARTMENT 18C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE	£123,000	01/07/2022	Flat
101 FLAT 3 HULTON STREET, SALFORD, GREATER MANCHESTER, M5 3WQ	£245,000	10/06/2022	Flat
QUAY 5, 238 APARTMENT 1D ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE	£117,000	29/04/2022	Flat
QUAY 5, 234 APARTMENT 79B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£150,000	14/04/2022	Flat
NINE ACRE COURT, 27 FLAT 125 TAYLORSON STREET, SALFORD, GREATER MANCHESTER, M5 3HT	£91,000	17/03/2022	Flat
QUAY 5, 234 APARTMENT 53B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£127,000	01/11/2021	Flat
QUAY 5, 236 APARTMENT 23C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE	£122,500	29/10/2021	Flat

Area average: £131,850 (20 sales)

Capital growth trend

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

5y growth -15.2%

10y growth 31.5%

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

1y (index) -5%

5y (index) 17.3%

10y (index) 75%

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 Richmond & Hambleton: £648/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M5 3NG

Address

240 Ordsall Lane

Nearby

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

Type	Name	Distance
Bus stop	Ordsall Lane/Shields View	0.0 miles
Shop	Tesco Express	0.1 miles
Bus stop	Ordsall Lane/Ordsall Hall	0.1 miles
Shop	MCR Auto Mechanic Ltd	0.2 miles
University	University of Salford	0.9 miles
Train station	Deansgate	1.0 miles
Train station	Salford Crescent	1.1 miles
Hospital	Salford Gastric Bypass Surgery	1.4 miles
University	Manchester Metropolitan University	1.5 miles
Hospital	The Ailsa Craig Medical Practise	3.0 miles

Street-level crime

Category	Count
Total incidents	0

Within 1 mile during May 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 Joseph's RC Primary School	Primary	0.4 miles	Good — 24 May 2022
Primrose Hill Primary School and Children's Centre	Primary	0.5 miles	Good — 30 Jun 2022
Oasis Academy MediaCityUK	Secondary	0.5 miles	Good — 1 Jul 2016
Old Trafford Community Academy	Primary	0.5 miles	— (Inspected (no overall grade))
Thompsons Academy trading as Navigators	Other	0.6 miles	— (No rating)

Rental Comparables

Loading rental comparables for this postcode. Refresh in a few minutes.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.35%

Max investor price (0.8%) £145,250

Target investor price (1%) £116,200

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).