# 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

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.

## 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

## 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 |
|------|------|------|------|------|
| 3 Bed Flat, Elmira Way, M5 | £1,600/mo | 3 | 0.27 miles | OpenRent |
| 3 Bed Flat, Trafford Road, M5 | £1,600/mo | 3 | 0.29 miles | OpenRent |

**Average rent: £1,600/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.48% (weak for cashflow)
- **Max investor price (0.8%):** £200,000
- **Target investor price (1%):** £160,000

*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 £1,600/mo).*

- **Gross yield:** 5.8%
- **Cost-to-rent:** 17.2×
- **Monthly cashflow:** £115/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1.4%

*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:** -14.3%
- **10y growth:** 29.7%

## 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)