Sold STC Flat

APARTMENT 306

BLOCK A, 5, RED, SALFORD, MEDIA CITY UK, GREATER MANCHESTER M50 2AL

1 beds 1 baths 48 m² Listed 29 May 2025 (-384d)

£129,500

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Property details

Tenure

LEASEHOLD (244 years remaining on lease)

Floor area

48 m²

Council tax band

C

Last sold

£129,500 Feb 2026

Local average

£204,425 (-36.7%)

Street crime

0 incidents within 1 mile (Apr 2026)

Key features

  • First Homes scheme
  • One bedroom
  • Third floor apartment
  • Co working spaces
  • 24 hour concierge
  • Excellent location
  • Great transport links

Description

Being sold under the First Homes scheme - see details in description

Peter Anthony are delighted to bring to market this one bedroom apartment in the heart of Media City.

The property briefly comprises of open plan kitchen/living area including all appliances, one double bedroom and a bathroom. The property also benefits from two co-working spaces, a 24 hour concierge, parcel room with coded entry and a bike store.

Ideally located in the heart of Media City, it's within walking distance of a range of local amenities. It has excellent transport link with Media City Metro a short walk away, and easy access to motorway links.

Lease 248 years from 2022
Ground rent - £0
Service charge - £178.63 per month

To purchase a ‘First Home’ the purchaser must meet the National Eligibility Criteria:
I.
Be a First Time buyer (and in the case of a joint purchase each joint purchaser is a
First Time buyer); and
II.
The purchaser’s annual gross income (or in the case of a joint purchase, the joint
purchaser’ joint annual gross income) must not exceed an £80,000 income cap.
In addition, the purchaser (or in the case of a joint purchase at least one of the joint
purchasers) must also meet one of the Local Eligibility Criteria:
I.
A local connections criteria:
a. is ordinarily resident within Salford and has been for a continuous
period of not less than 24 consecutive months prior to exchange of
contracts for the relevant First Home; and/or
b. who has a close family association with Salford by reason of a parent,
sibling or adult child who is ordinarily resident within Salford; and/or
c. has had a permanent contract of employment in the Administrative
Boundaries of Salford for 6 months or more.
and/or
II.
The purchaser is (or in the case of a joint purchase at least one of the
joint purchasers is) an Armed Services Member, and/or
III.
The purchaser is (or in the case of a joint purchase at least one of the
joint purchasers is) a Key Worker, defined as a person employed or with a confirmed
job offer in one of the following categories of employment: health; education;
emergency services and social workers.

Listed by

Salford

Peter Anthony

Reference: 162572159

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

-3% since 2023

Event Date Price % change
Sold 05/02/2026 (4 months ago) £129,500 -3.1%
Sold 19/05/2023 (3 years ago) £133,700 —

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
THE HEART APARTMENT 2001 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2TH £148,000 24/11/2025 Flat
LIGHTBOX APARTMENT 1703 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AF £275,000 14/10/2025 Flat
N V BUILDING, 96 APARTMENT 68 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB £365,000 29/08/2025 Flat
N V BUILDING, 96 APARTMENT 34 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB £330,000 28/08/2025 Flat
N V BUILDING, 96 APARTMENT 9 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB £278,000 22/05/2025 Flat
Same street BLOCK A, 5 APARTMENT 709 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £299,500 19/05/2025 Flat
NUMBER ONE APARTMENT 1509 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB £187,950 28/03/2025 Flat
Same street BLOCK A, 5 APARTMENT 407 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £299,950 06/01/2025 Flat
Same street BLOCK A, 5 APARTMENT 707 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £288,800 06/01/2025 Flat
Same street BLOCK A, 5 APARTMENT 107 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £286,950 07/08/2024 Flat
Same street BLOCK A, 5 APARTMENT 502 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £289,500 13/06/2024 Flat
Same street BLOCK A, 5 APARTMENT 404 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £292,500 04/04/2024 Flat
Same street BLOCK A, 5 APARTMENT 602 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £300,000 19/01/2024 Flat
MICHIGAN POINT TOWER D, 18 APARTMENT 1207 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN £157,995 09/01/2024 Flat
MICHIGAN POINT TOWER D, 18 APARTMENT 1404 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN £331,000 15/12/2023 Flat
MICHIGAN POINT TOWER D, 18 APARTMENT 1601 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN £218,495 14/12/2023 Flat
MICHIGAN POINT TOWER D, 18 APARTMENT 1109 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN £244,495 14/12/2023 Flat
NUMBER ONE APARTMENT 1802 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB £120,000 27/11/2023 Flat
NUMBER ONE APARTMENT 1313 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BA £266,000 31/10/2023 Flat
LIGHTBOX APARTMENT 907 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AE £370,000 20/10/2023 Flat
LIGHTBOX APARTMENT 1812 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AF £199,500 16/10/2023 Flat
LIGHTBOX APARTMENT 406 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AD £183,000 10/10/2023 Flat
NUMBER ONE APARTMENT 1405 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB £180,000 09/10/2023 Flat
THE HEART APARTMENT 2004 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2TH £125,000 22/09/2023 Flat
Same street BLOCK A, 5 APARTMENT 104 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £195,300 08/09/2023 Flat
Same street BLOCK A, 5 APARTMENT 204 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £214,550 31/08/2023 Flat
Same street BLOCK A, 5 APARTMENT 302 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £216,300 23/08/2023 Flat
MICHIGAN POINT TOWER D, 18 APARTMENT 1908 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN £159,995 23/08/2023 Flat
MICHIGAN POINT TOWER D, 18 APARTMENT 1106 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN £189,995 21/08/2023 Flat
MICHIGAN POINT TOWER D, 18 APARTMENT 1704 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN £202,500 15/08/2023 Flat
Same street BLOCK A, 5 APARTMENT 805 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £204,000 11/08/2023 Flat
Same street BLOCK A, 5 APARTMENT 304 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £198,800 02/08/2023 Flat
Same street BLOCK A, 5 APARTMENT 307 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £210,700 21/07/2023 Flat
Same street BLOCK A, 5 APARTMENT 202 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £197,050 20/06/2023 Flat
Same street BLOCK A, 5 APARTMENT 301 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL £138,950 16/06/2023 Flat

Street average: £242,190 (15 sales)

Area average: £226,596 (20 sales)

Capital growth trend

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

5y growth 7.2%
10y growth 52.1%

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

1y (index) -7.4%
5y (index) 6.8%
10y (index) 45.6%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: TRURO LIMITED (09962113)

Rental Range

Estimated market rent for North West. Low = conservative, Realistic = average, Optimistic = best case.

Low £856/mo
Realistic £951/mo
Optimistic £1,046/mo

Based on Postcode area M → North West.

LHA (30th percentile) floor for Central Greater Manchester: £773/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M50 2AL

Address

5 Red

Nearby

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

Type Name Distance
Bus stop BROADWAY/The Pie Factory 0.1 miles
Shop The Beauty Guru 0.1 miles
Shop Once Upon A Time 0.1 miles
Hospital Salford Gastric Bypass Surgery 0.9 miles
Train station Salford Crescent 1.3 miles
Train station Trafford Park 1.4 miles
University UCEN Manchester (City Campus) 2.5 miles
University University of Law 2.5 miles
Hospital The Ailsa Craig Medical Practise 4.0 miles

Street-level crime

Category Count
Total incidents 0

Within 1 mile during Apr 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
AldridgeUTC@MediaCityUK Secondary 0.1 miles Good — 27 Apr 2023
Thompsons Academy trading as Navigators Other 0.5 miles — (No rating)
Oasis Academy MediaCityUK Secondary 0.6 miles Good — 1 Jul 2016
King of Kings Other 0.7 miles Requires improvement — 30 Jan 2024
Lark Hill Community Primary School Primary 0.8 miles Good — 21 Mar 2022

Rental Comparables

Rental comparables are temporarily unavailable while listing-site fetches are paused. Try again later.

Rent-driven metrics

Based on Area rent estimate.

This street 9.0% gross yield avg £212,652 sale, £1,600/mo rent
Rent ratio 0.73%
Max investor price (0.8%) £118,875
Target investor price (1%) £95,100
  • This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
  • 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).