# 1 bedroom apartment for sale (M5 4ZL) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 312, 30 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER M5 4ZL | | Price | £149,950 | | Bedrooms | 1 | | Bathrooms | 1 | | Floor area | 68 m² | | Last sold | £259,995 Feb 2024 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 14/05/2033 - **Current heating cost:** £511/year ## Description "This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers DESCRIPTION Nestled in the heart of Manchester city centre, just a stone's throw from Oxford Road train station, this completed development offers a unique opportunity for investors. With a range of high-quality residential apartments generating a 6% rental return, this development has consistently attracted strong tenant demand since its completion. Apartments in this development are furnished to the highest standard and offer fully integrated kitchens, large windows, and premium flooring, allowing for the perfect blend of convenience, comfort, and investment potential. Close to key regions of the city (such as the Northern Quarter and central shopping district), this development also makes the ideal home for working professionals in the area. Manchester's reputation as a thriving investment hotspot is well-deserved. With its robust rental yields, competitive prices, high tenant demand, and excellent employment opportunities, it's no surprise that this northern city is attracting investors from both domestic and international markets. With property values in the North West predicted to increase by over 28.8% by 2028, this apartment offers exceptional rental yields and strong capital growth potential. Enquire Today to Receive Floor Plans, Info Pack & Full Investment Breakdown!" ## Property Photos - ![Photo](/listings/photos/171638555/399295) - ![Photo](/listings/photos/171638555/399297) - ![Photo](/listings/photos/171638555/399298) - ![Photo](/listings/photos/171638555/399299) - ![Photo](/listings/photos/171638555/399300) - ![Photo](/listings/photos/171638555/399303) - ![Photo](/listings/photos/171638555/399305) - ![Photo](/listings/photos/171638555/399306) - ![Photo](/listings/photos/171638555/399309) ## Floorplans - ![Floorplan 1](/listings/photos/171638555/399311) - Floorplan 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 30 APARTMENT 312 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £259,995 | 28/02/2024 | Flat | | 30 APARTMENT 312 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £158,000 | 09/08/2023 | 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 | |---------|-------|------|------| | BLOCK B WILBURN BASIN B 5.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XR | £265,000 | 19/12/2025 | Flat | | BLOCK D WILBURN BASIN D 11.02 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XU | £505,000 | 19/12/2025 | Flat | | 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 | | FUSION 9, 2 APARTMENT 23 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LH | £95,000 | 09/05/2025 | Flat | | BLOCK A WILBURN BASIN A 18.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XQ | £243,000 | 21/03/2025 | Flat | | 30 APARTMENT 902 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ | £280,000 | 01/10/2024 | Flat | | 30 UNIT G03 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4LZ | £239,950 | 05/07/2024 | Flat | | 30 APARTMENT 108 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL | £305,000 | 19/12/2023 | Flat | | BLOCK A WILBURN BASIN A 17.01 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XQ | £282,000 | 18/12/2023 | 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 | | FUSION 8, 4 APARTMENT 4 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LH | £145,000 | 13/11/2023 | Flat | | BLOCK A WILBURN BASIN A 4.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XP | £210,000 | 10/11/2023 | Flat | | BLOCK D WILBURN BASIN D 5.02 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XT | £179,000 | 10/11/2023 | Flat | | 30 APARTMENT 806 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £192,000 | 07/11/2023 | Flat | | BLOCK D WILBURN BASIN D LG.05 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XT | £243,000 | 06/11/2023 | Flat | | 30 APARTMENT 616 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP | £199,995 | 02/11/2023 | Flat | **Area average:** £219,747 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £204,469 (69 Flat, M5, 2024–2026) - **Deviation:** -26.7% ## 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 | |------|------|------|------|------| | Studio Flat, Water Street, M3 | £1,245/mo | 1 | 0.23 miles | OpenRent | | 1 Bed Flat, Oldfield Rd, M5 | £1,800/mo | 1 | 0.25 miles | OpenRent | | 1 Bed Flat, Wilton Place, M3 | £980/mo | 1 | 0.31 miles | OpenRent | | 1 Bed Flat, Wilson Place, M3 | £980/mo | 1 | 0.31 miles | OpenRent | | 1 Bed Flat, Liverpool Road, M3 | £1,150/mo | 1 | 0.34 miles | OpenRent | | 1 Bed Flat, Leftbank, M3 | £1,195/mo | 1 | 0.42 miles | OpenRent | | 1 Bed Flat, The Bayley, M3 | £1,050/mo | 1 | 0.47 miles | OpenRent | **Average rent: £1,200/mo (7 listings)** ## 1% Rule - **Rent ratio:** 0.77% (weak for cashflow) - **Max investor price (0.8%):** £143,750 - **Target investor price (1%):** £115,000 *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 £1,150/mo).* - **Gross yield:** 9.2% - **Cost-to-rent:** 10.9× - **Monthly cashflow:** £419/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 11.6% *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).* ## Price per Square Metre - **£/m²:** £2,205/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -15.1% - **10y growth:** 28.9% ## 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)