# 2 bedroom apartment for rent (M50 2AL)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 204, BLOCK A, 5, RED, SALFORD, MEDIA CITY UK, GREATER MANCHESTER M50 2AL |
| Price | £1,600 pcm |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | D |
| Last sold | £214,550 Aug 2023 |

## Description

**Modern 2-Bedroom Furnished Apartment with Parking – Salford**

LettingaProperty are delighted to offer this stylish and well-presented two-bedroom apartment, ideally located in a sought-after area of **Salford**, just moments from the vibrant heart of Manchester.

Available from **1st August 2026**, this furnished property is offered on a **rolling periodic tenancy**, providing flexibility alongside modern, comfortable living.

The apartment is finished to a great standard throughout and features a bright, contemporary living space, two well-proportioned bedrooms, and two modern bathrooms—perfect for professionals, sharers, or couples. Residents also benefit from a communal garden and allocated parking.

The property enjoys excellent proximity to a wide range of local amenities, including shops, cafes, and supermarkets, as well as popular leisure destinations. Salford Quays and MediaCityUK are within easy reach, offering an exciting mix of restaurants, bars, and cultural attractions. The area is also well-connected, with convenient access to public transport links and major road routes, making commuting into Manchester city centre and surrounding areas straightforward.

This fantastic home is available for **£1,600 per calendar month**, with a **deposit of £1,846**.

## Property Photos

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## Rental Range

*ONS Price Index of Private Rents (North West). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £856/mo
- **Realistic:** £951/mo
- **Optimistic:** £1,046/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central Greater Manchester (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £873/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, Leader House, M50 | £1,800/mo | 2 | 0.13 miles | OpenRent |

**Average rent: £1,800/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,800/mo).*

- **Gross yield:** 1350%
- **Monthly cashflow:** £1,589/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4108.7%

*Gross yield = annual rent as % of price (no costs). 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).*

## 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)