For sale Flat

APARTMENT 31

ZENITH, 365, CHAPEL STREET, SALFORD, GREATER MANCHESTER M3 5JT

1 beds 1 baths Listed 15 Jul 2026 (-6d)

£250,000

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# 1 bedroom apartment for sale (M3 5JT)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 31, ZENITH, 365, CHAPEL STREET, SALFORD, GREATER MANCHESTER M3 5JT |
| Price | £250,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £85,700 Jun 2013 |

## Description

"**Manchester Investment Flat – 6% Rental Yields | Lucrative Buy to Let Opportunity**

A contemporary collection of city apartments located close to Manchester’s riverside and key business districts, offering modern homes in one of the city’s most desirable central neighbourhoods.

With strong tenant appeal, high-quality interiors, and excellent access to workplaces, leisure, and transport, this development provides a compelling opportunity to invest in prime city property with attractive potential returns.

This property is available to buy-to-let investors and owner-occupiers.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.

The Investment

This central Manchester opportunity offers investors exposure to a well-established rental market popular with professional tenants.

With projected returns of around 6%, a focus on long-term occupancy, and professional management options available, it’s well suited to those seeking a hands-off, income-generating city centre investment.

The Location

Situated within easy reach of the city’s main business and financial districts, the development benefits from proximity to a range of riverside walkways, bars, restaurants, and high-end retail.

Residents enjoy convenient links to key office hubs, major train stations, and popular neighbourhoods such as Spinningfields and the city’s core shopping areas, reinforcing its appeal to commuters and lifestyle-focused tenants.

The Apartments

Apartments are designed for modern urban living, with a mix of one and two-bedroom layouts that balance both comfort and practicality.

Well-proportioned living spaces, contemporary fitted kitchens, and stylish bathrooms create an attractive, low-maintenance environment, while large windows in many units help to enhance natural light and showcase city views.

The Development

The development forms part of a high-quality residential block in a sought-after central Manchester location.

Managed communal areas, efficient building services, and a professional management structure contribute to a smooth resident experience, supporting strong occupancy levels.

Key onsite facilities include:

Secure entry system and monitored communal spacesLift access serving the main residential levelsDedicated cycle storage for city commutersWell-presented internal lobby

Why Invest?

6%+ projected rental returns in a core Manchester city centre neighbourhoodStrong appeal to professionals working in nearby business and financial districtsCentral location close to riverside amenities, restaurants, and major shopping areasModern, well-specified apartments designed for long-term rental demandHands-off structure with professional management options to support consistent income

Enquire now to secure your unit and receive a full investment breakdown."

## Property Photos

- ![Photo](/listings/photos/90916002/1301677)
- ![Photo](/listings/photos/90916002/1301678)
- ![Photo](/listings/photos/90916002/1301679)
- ![Photo](/listings/photos/90916002/1301680)
- ![Photo](/listings/photos/90916002/1301681)
- ![Photo](/listings/photos/90916002/1301682)
- ![Photo](/listings/photos/90916002/1301683)
- ![Photo](/listings/photos/90916002/1301684)
- ![Photo](/listings/photos/90916002/1301685)
- ![Photo](/listings/photos/90916002/1301686)

## Floorplans

- ![Floorplan 1](/listings/photos/90916002/1301687) - Floorplan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| ZENITH, 365 APARTMENT 31 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JT | £85,700 | 07/06/2013 | Flat |
| ZENITH, 365 APARTMENT 31 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JT | £113,000 | 28/08/2009 | 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 |
|---------|-------|------|------|
| ALBERT MILL, 41 APARTMENT 30 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4GT | £175,000 | 26/02/2026 | Flat |
| VIMTO GARDENS APARTMENT 204 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF | £291,000 | 19/12/2025 | Flat |
| BLOCK C, 14 APARTMENT 411 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH | £220,000 | 11/12/2025 | Flat |
| BLOCK A, 2 APARTMENT 902 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZD | £240,000 | 10/12/2025 | Flat |
| THE ROYAL 220 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £108,000 | 01/12/2023 | Flat |
| THE ROYAL 30 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WP | £160,000 | 01/12/2023 | Flat |
| BLOCK B, 4 APARTMENT 2003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF | £390,000 | 20/09/2023 | Flat |
| BLOCK A, 2 APARTMENT 605 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £270,000 | 31/08/2023 | Flat |
| 272 FLAT 8D CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ | £48,000 | 17/03/2023 | Flat |
| 272 UNIT 4S1 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ | £58,000 | 17/03/2023 | Flat |
| BLOCK B, 4 APARTMENT 2005 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF | £229,500 | 10/03/2023 | Flat |
| BLOCK B, 4 APARTMENT 003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZE | £240,000 | 06/03/2023 | Flat |
| THE ROYAL 246 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £120,000 | 20/12/2022 | Flat |
| BLOCK A, 2 APARTMENT 502 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £245,000 | 19/12/2022 | Flat |
| 8 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZA | £423,023 | 09/12/2022 | Flat |
| THE ROYAL 237 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £120,000 | 02/12/2022 | Flat |
| VIMTO GARDENS APARTMENT 207 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF | £183,500 | 01/12/2022 | Flat |
| BLOCK C, 14 APARTMENT 418 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH | £240,000 | 21/11/2022 | Flat |
| BLOCK A, 2 APARTMENT 705 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £290,000 | 24/10/2022 | Flat |
| BLOCK C, 14 APARTMENT 420 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH | £194,750 | 18/10/2022 | Flat |

**Area average:** £212,289 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £283,615 (355 Flat, M3, 2024–2026)
- **Deviation:** -11.9%

## 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 Central Greater Manchester (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £773/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 |
|------|------|------|------|------|
| 1 Bed Flat, Chapel St, M3 | £1,200/mo | 1 | 0.4 miles | OpenRent |
| 1 Bed Flat, Queen Way, M3 | £1,150/mo | 1 | 0.45 miles | OpenRent |
| Studio Flat, Clowes Street, M3 | £995/mo | 1 | 0.6 miles | OpenRent |

**Average rent: £1,115/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.46% (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:** 5.5%
- **Cost-to-rent:** 18.1×
- **Monthly cashflow:** £25/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 0.4%

*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:** -13.5%
- **10y growth:** 29.4%

## 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)

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Property details

Last sold

£85,700 Jun 2013

Local average

£283,615 (-11.9%)

Deprivation

Decile 4 (10,708 of 33,755)

Street crime

4 incidents within 1 mile (May 2026)

Key features

6%+ NET rental yields
27.6% projected regional property price growth by 2030
Central Manchester - close to the main business district
Fully managed - passive property investment
Strong demand from city centre renters
Extensive high-end residential facilities
Landmark new-build development
Award-winning property developer
On-site rental company
Enquire now to receive an info pack and full financial breakdown

Description

"Manchester Investment Flat – 6% Rental Yields | Lucrative Buy to Let Opportunity

A contemporary collection of city apartments located close to Manchester’s riverside and key business districts, offering modern homes in one of the city’s most desirable central neighbourhoods.

With strong tenant appeal, high-quality interiors, and excellent access to workplaces, leisure, and transport, this development provides a compelling opportunity to invest in prime city property with attractive potential returns.

This property is available to buy-to-let investors and owner-occupiers.

Enquire today to receive a digital brochure, floor plans, and full breakdown of available apartments.

The Investment

This central Manchester opportunity offers investors exposure to a well-established rental market popular with professional tenants.

With projected returns of around 6%, a focus on long-term occupancy, and professional management options available, it’s well suited to those seeking a hands-off, income-generating city centre investment.

The Location

Situated within easy reach of the city’s main business and financial districts, the development benefits from proximity to a range of riverside walkways, bars, restaurants, and high-end retail.

Residents enjoy convenient links to key office hubs, major train stations, and popular neighbourhoods such as Spinningfields and the city’s core shopping areas, reinforcing its appeal to commuters and lifestyle-focused tenants.

The Apartments

Apartments are designed for modern urban living, with a mix of one and two-bedroom layouts that balance both comfort and practicality.

Well-proportioned living spaces, contemporary fitted kitchens, and stylish bathrooms create an attractive, low-maintenance environment, while large windows in many units help to enhance natural light and showcase city views.

The Development

The development forms part of a high-quality residential block in a sought-after central Manchester location.

Managed communal areas, efficient building services, and a professional management structure contribute to a smooth resident experience, supporting strong occupancy levels.

Key onsite facilities include:

Secure entry system and monitored communal spacesLift access serving the main residential levelsDedicated cycle storage for city commutersWell-presented internal lobby

Why Invest?

6%+ projected rental returns in a core Manchester city centre neighbourhoodStrong appeal to professionals working in nearby business and financial districtsCentral location close to riverside amenities, restaurants, and major shopping areasModern, well-specified apartments designed for long-term rental demandHands-off structure with professional management options to support consistent income

Enquire now to secure your unit and receive a full investment breakdown."

Listed by

Manchester

RW Invest North Ltd

Reference: 90916002

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Price history

-24% since 2009

Event	Date	Price	% change
Listed for sale	—	£250,000	+191.7%
Sold	07/06/2013 (13 years ago)	£85,700	-24.2%
Sold	28/08/2009 (16 years ago)	£113,000	—

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
ALBERT MILL, 41 APARTMENT 30 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4GT	£175,000	26/02/2026	Flat
VIMTO GARDENS APARTMENT 204 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF	£291,000	19/12/2025	Flat
BLOCK C, 14 APARTMENT 411 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH	£220,000	11/12/2025	Flat
BLOCK A, 2 APARTMENT 902 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZD	£240,000	10/12/2025	Flat
THE ROYAL 220 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE	£108,000	01/12/2023	Flat
THE ROYAL 30 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WP	£160,000	01/12/2023	Flat
BLOCK B, 4 APARTMENT 2003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF	£390,000	20/09/2023	Flat
BLOCK A, 2 APARTMENT 605 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB	£270,000	31/08/2023	Flat
272 FLAT 8D CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ	£48,000	17/03/2023	Flat
272 UNIT 4S1 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ	£58,000	17/03/2023	Flat
BLOCK B, 4 APARTMENT 2005 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF	£229,500	10/03/2023	Flat
BLOCK B, 4 APARTMENT 003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZE	£240,000	06/03/2023	Flat
THE ROYAL 246 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE	£120,000	20/12/2022	Flat
BLOCK A, 2 APARTMENT 502 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB	£245,000	19/12/2022	Flat
8 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZA	£423,023	09/12/2022	Flat
THE ROYAL 237 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE	£120,000	02/12/2022	Flat
VIMTO GARDENS APARTMENT 207 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF	£183,500	01/12/2022	Flat
BLOCK C, 14 APARTMENT 418 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH	£240,000	21/11/2022	Flat
BLOCK A, 2 APARTMENT 705 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB	£290,000	24/10/2022	Flat
BLOCK C, 14 APARTMENT 420 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH	£194,750	18/10/2022	Flat

Area average: £212,289 (20 sales)

Capital growth trend

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

5y growth -13.5%

10y growth 29.4%

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

1y (index) -5%

5y (index) 17.3%

10y (index) 75%

Rental Range

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

Low £1,046/mo

Realistic £1,162/mo

Optimistic £1,278/mo

Based on Local Authority from postcode lookup → Salford.

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 M3 5JT

Address

365 Chapel Street

Nearby

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

Type	Name	Distance
Shop	365 convenience store	0.0 miles
Shop	La Femme Hair & Beauty	0.0 miles
Bus stop	Oldfield Road/Adelphi Post Office	0.0 miles
Train station	Salford Central	0.3 miles
Train station	Salford Crescent	0.5 miles
University	UCEN Manchester (City Campus)	0.9 miles
University	University of Law	1.0 miles
Hospital	Salford Gastric Bypass Surgery	1.3 miles
Hospital	The Ailsa Craig Medical Practise	3.0 miles

Street-level crime

Category	Count
Violence and sexual offences	3
Drugs	1
Total incidents	4

Within 1 mile during May 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
St Philip's CofE Primary School	Primary	0.1 miles	Good — 19 Oct 2023
University of Salford	Other	0.3 miles	— (No rating)
The Cathedral School of St Peter and St John RC Primary	Primary	0.3 miles	Good — 10 Jul 2022
The Friars Primary School	Primary	0.5 miles	Good — 24 Apr 2024
St Paul's CofE Primary School	Primary	0.6 miles	Good — 9 Jun 2024

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
1 Bed Flat, Chapel St, M3	£1,200/mo	1	0.4 miles	OpenRent
1 Bed Flat, Queen Way, M3	£1,150/mo	1	0.45 miles	OpenRent
Studio Flat, Clowes Street, M3	£995/mo	1	0.6 miles	OpenRent

Average rent: £1,115/mo (3 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.46%

Max investor price (0.8%) £143,750

Target investor price (1%) £115,000

Gross yield 5.5%

Cost-to-rent ratio 18.1×

Monthly cashflow £25/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 0.4%

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).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus 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).