# 2 bedroom flat for sale (M50 2HB) ## Property Details | Key | Value | |-----|-------| | Address | Michigan Towers, 9 Michigan Avenue, Salford, M50 2HB | | Price | £372,780 | | Bedrooms | 2 | | Bathrooms | 2 | | Last sold | £219,995 | ## Description Make the move to MediaCityUK — where lifestyle meets location. Michigan Towers brings modern apartments and premium resident amenities to the heart of Salford Quays. With panoramic city views, stylish finishes and access to on-site facilities like a gym, cinema, and concierge, these homes offer all the essentials for busy city professionals. Everything you need — from Metrolink stops to waterfront bars — is on your doorstep. Development Highlights: Spacious 2-bed layouts Open-plan kitchens with integrated appliances Cinema room, gym, and concierge service Close to shops, Metrolink & city centre access Secure bike storage & long leasehold ## Property Photos - ![3BED_CAM01.jpg](/listings/photos/165724499/555653) - 3BED_CAM01.jpg - ![X1MA_3 BED LV1_DAY.jpg](/listings/photos/165724499/555659) - X1MA_3 BED LV1_DAY.jpg - ![3BED_CAM03.jpg](/listings/photos/165724499/555662) - 3BED_CAM03.jpg - ![X1MA_2 BED BEDBATH_DUSK.jpg](/listings/photos/165724499/555665) - X1MA_2 BED BEDBATH_DUSK.jpg - ![3BED_CAM04.jpg](/listings/photos/165724499/555669) - 3BED_CAM04.jpg - ![X1MA_3 BED LV5 DAY.jpg](/listings/photos/165724499/555673) - X1MA_3 BED LV5 DAY.jpg - ![3BED_CAM02.jpg](/listings/photos/165724499/555675) - 3BED_CAM02.jpg - ![X1MA_3 BED LV5 DUSK.jpg](/listings/photos/165724499/555678) - X1MA_3 BED LV5 DUSK.jpg - ![X1MA_3 BED LV1 DUSK.jpg](/listings/photos/165724499/555681) - X1MA_3 BED LV1 DUSK.jpg - ![X1MA_Lobby CAM02.jpg](/listings/photos/165724499/555685) - X1MA_Lobby CAM02.jpg - ![Screenshot 2022-03-17 163305.jpg](/listings/photos/165724499/555688) - Screenshot 2022-03-17 163305.jpg - ![Screenshot 2022-03-17 163222.jpg](/listings/photos/165724499/555692) - Screenshot 2022-03-17 163222.jpg - ![Screenshot 2022-03-17 162739.jpg](/listings/photos/165724499/555695) - Screenshot 2022-03-17 162739.jpg - ![Screenshot 2022-03-17 163115.jpg](/listings/photos/165724499/555700) - Screenshot 2022-03-17 163115.jpg - ![Screenshot 2022-03-17 163044.jpg](/listings/photos/165724499/555704) - Screenshot 2022-03-17 163044.jpg ## Floorplans - ![1905 2b.png](/listings/photos/165724499/555708) - 1905 2b.png ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | | £219,995 | 01/01/2023 | — | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | MICHIGAN POINT TOWER A, 9 APARTMENT 1704 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HB | £100,000 | 19/12/2025 | Flat | | N V BUILDING, 100 APARTMENT 229 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BE | £164,995 | 15/12/2025 | Flat | | N V BUILDING, 100 APARTMENT 236 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BE | £372,000 | 05/12/2025 | 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 | | MICHIGAN POINT TOWER B, 11 APARTMENT 2008 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HJ | £135,000 | 18/07/2025 | Flat | | N V BUILDING, 98 APARTMENT 153 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BD | £295,000 | 27/06/2025 | Flat | | N V BUILDING, 96 APARTMENT 9 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB | £278,000 | 22/05/2025 | Flat | | NUMBER ONE APARTMENT 1509 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB | £187,950 | 28/03/2025 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 1105 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HB | £125,000 | 29/08/2024 | 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 | | MICHIGAN POINT TOWER B, 11 APARTMENT 709 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HG | £148,000 | 13/12/2023 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 2011 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HD | £220,000 | 07/12/2023 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 2606 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HD | £240,000 | 05/12/2023 | Flat | | NUMBER ONE APARTMENT 1802 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB | £120,000 | 27/11/2023 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 906 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HA | £225,000 | 03/11/2023 | Flat | | N V BUILDING, 98 APARTMENT 118 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BD | £210,000 | 02/11/2023 | Flat | **Area average:** £223,397 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £206,061 (52 Flat, M50, 2024–2026) - **Deviation:** +80.9% ## 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):** £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 | |------|------|------|------|------| | [Red, Media City UK, Salford, Greater Manchester, M50 2AL](http://87.117.209.195:8080/listings/a32d5f9) | £1,600/mo | 2 | 0.22 miles | Rightmove | **Average rent: £1,600/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.43% (weak for cashflow) - **Max investor price (0.8%):** £200,000 - **Target investor price (1%):** £160,000 *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 £1,600/mo).* - **Gross yield:** 5.2% - **Cost-to-rent:** 19.4× - **Monthly cashflow:** £-53/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -0.6% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 11.3% - **10y growth:** 40.5% ## 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)