# 2 bedroom apartment for sale (M5 4BQ) ## Property Details | Key | Value | |-----|-------| | Address | Railings, Middlewood Locks, M5, M5 4BQ | | Price | £342,000 | | Bedrooms | 2 | | Bathrooms | 2 | ## Description Middlewood Locks is an award-winning canalside neighbourhood with a community of over 2,600 people enjoying living in their homes. Railings is the third phase of new homes available to buy and move in now! Apartment 607 is located on the sixth floor with a corner east-facing aspect and views of the private residents' garden and Salford Cathedral. The full-height glazed balcony doors provide plenty of natural light. The open plan layout feels spacious and airy, and the apartment is finished to a very high specification. The contemporary Pronorm kitchen is fitted with handle-less wall and base-mounted units finished with a Quartz worktop and splashback. Integrated Bosch appliances, including induction hob, oven, microwave, fridge freezer, dishwasher, undermount sink with chrome mixer tap and a freestanding Indesit washer/dryer in a separate utility cupboard are included. The apartment is fitted with luxury vinyl flooring throughout the living, kitchen and utility areas, fitted carpets to the bedrooms and Porcelain floor tiles to the bathrooms. Both double bedrooms have contemporary white fitted wardrobes and full-height windows with views of the private residents' garden. The main bedroom has a lovely en-suite bathroom, featuring a walk-in rain shower with a fixed shower screen, Vitra white wall hung basin and toilet with Hansgrohe brassware, partially ceramic tiled walls, a mirrored bathroom cabinet with LED downlighters above sink, heated towel rail and recessed LED spot lighting. The generous, stylish main bathroom is fitted with a Vitra white wall-hung basin and toilet with Hansgrohe brassware, a white enamel bath with Hansgrohe shower overhead, a fixed shower screen, partially ceramic tiled walls, a mirrored bathroom cabinet with LED downlighters above the sink, a heated towel rail and recessed LED spot lighting. The apartment is available for sale on a 999-year lease, and the ground rent is peppercorn. ** PLEASE NOTE ALL INTERNAL IMAGES ARE OF THE RAILINGS SHOW APARTMENT AND NOT OF APARTMENT 607 ** ## Property Photos - ![Canalside location](/listings/photos/174589367/714422) - Canalside location - ![Free events](/listings/photos/174589367/714423) - Free events - ![Photo](/listings/photos/174589367/714424) - ![Open plan living ](/listings/photos/174589367/714425) - Open plan living - ![Contemporary kitchen](/listings/photos/174589367/714426) - Contemporary kitchen - ![Full height glazing](/listings/photos/174589367/714427) - Full height glazing - ![High Specification](/listings/photos/174589367/714428) - High Specification - ![Double bedroom](/listings/photos/174589367/714429) - Double bedroom - ![Stylish bathroom](/listings/photos/174589367/714430) - Stylish bathroom - ![Master bedroom](/listings/photos/174589367/714431) - Master bedroom - ![En-suite bathroom](/listings/photos/174589367/714432) - En-suite bathroom - ![Balcony](/listings/photos/174589367/714433) - Balcony - ![Bike stores](/listings/photos/174589367/714434) - Bike stores - ![Community events](/listings/photos/174589367/714435) - Community events ## Floorplans - ![Floorplan 1](/listings/photos/174589367/714436) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/174589367/714437) - EPC 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 | |---------|-------|------|------| | FUSION 2, 16 APARTMENT 2 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LW | £165,000 | 12/12/2025 | Flat | | FUSION 5, 10 APARTMENT 5 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LN | £123,000 | 18/11/2025 | Flat | | 30 APARTMENT 517 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £190,000 | 20/10/2025 | Flat | | 30 APARTMENT 902 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ | £280,000 | 01/10/2024 | Flat | | 30 APARTMENT 312 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £259,995 | 28/02/2024 | Flat | | 30 APARTMENT 108 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £305,000 | 19/12/2023 | Flat | | 30 APARTMENT 712 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £192,995 | 14/12/2023 | Flat | | 30 APARTMENT 1004 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ | £194,995 | 30/11/2023 | Flat | | FUSION 6, 8 APARTMENT 20 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LN | £145,000 | 24/11/2023 | Flat | | 30 APARTMENT 806 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £192,000 | 07/11/2023 | Flat | | 30 APARTMENT 616 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £199,995 | 02/11/2023 | Flat | | 30 APARTMENT 310 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £260,000 | 30/10/2023 | Flat | | 1 APARTMENT 705 LOCKGATE SQUARE, SALFORD, GREATER MANCHESTER, M5 4YU | £190,000 | 23/10/2023 | Flat | | FUSION 3, 14 APARTMENT 10 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LW | £140,000 | 20/10/2023 | Flat | | 30 APARTMENT 1201 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ | £185,995 | 13/10/2023 | Flat | | 30 APARTMENT 103 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £250,000 | 13/10/2023 | Flat | | 30 APARTMENT 207 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £264,995 | 13/10/2023 | Flat | | 30 APARTMENT 808 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £339,995 | 12/10/2023 | Flat | | 30 UNIT G04 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £339,990 | 11/10/2023 | Flat | | 30 APARTMENT 803 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £275,000 | 27/09/2023 | Flat | **Area average:** £224,698 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £204,902 (68 Flat, M5, 2024–2026) - **Deviation:** +66.9% ## 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):** £549/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 | |------|------|------|------|------| | 2 Bed Flat, Middlewood St, M5 | £1,400/mo | 2 | 0.09 miles | OpenRent | | 2 Bed Flat, Block A, M5 | £1,400/mo | 2 | 0.17 miles | OpenRent | | 2 Bed Flat, Middlewood Plaza, M5 | £1,495/mo | 2 | 0.19 miles | OpenRent | | 2 Bed Flat, Middlewood Plaza, M5 | £1,495/mo | 2 | 0.19 miles | OpenRent | | 2 Bed Flat, Block B, M5 | £1,480/mo | 2 | 0.19 miles | OpenRent | | 2 Bed Flat, Block B, M5 | £1,500/mo | 2 | 0.19 miles | OpenRent | | 2 Bed Flat, Liverpool St, M5 | £1,400/mo | 2 | 0.19 miles | OpenRent | | 2 Bed Flat, Middlewood Plaza, M5 | £1,395/mo | 2 | 0.21 miles | OpenRent | **Average rent: £1,446/mo (8 listings)** ## 1% Rule - **Rent ratio:** 0.42% (weak for cashflow) - **Max investor price (0.8%):** £180,000 - **Target investor price (1%):** £144,000 *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 £1,440/mo).* - **Gross yield:** 5.1% - **Cost-to-rent:** 19.8× - **Monthly cashflow:** £-76/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -0.9% *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:** -14.2% - **10y growth:** 29.2% ## 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)