APARTMENT 167
CITY POINT, 156, CHAPEL STREET, SALFORD, SALFORD, GREATER MANCHESTER M3 6EU
Listing type
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Property details
Listing category
Auction
Tenure
LEASEHOLD (126 years remaining on lease)
Council tax band
B
Last sold
£162,500 Apr 2004
Local average
£283,113 (-59.4%)
Street crime
5 incidents within 1 mile (May 2026)
Description
Please register to bid via our website - auctionhouse.co.uk/northeast
TWO BEDROOM CITY APARTMENT!
OPEN HOUSE VIEWING:
Saturday 25th July - 12pm - 12.30pm
A well presented two bedroom apartment situated within the popular City Point development, offering an excellent opportunity for investors and owner occupiers alike. Currently vacant, the property has the potential to achieve a rental income in the region of £975–£1,000 PCM, making it an attractive buy to let investment.
The apartment briefly comprises an entrance hallway, open plan living and kitchen area, two well proportioned bedrooms and a modern bathroom. The property also benefits from secure communal access and lift facilities.
Whether you're looking for a city centre home or an investment with strong rental potential, this apartment is well positioned to benefit from Manchester's consistently high demand for quality rental accommodation.
City Point occupies a prime position on Chapel Street, just moments from Manchester city centre and the vibrant Spinningfields business district. Residents enjoy easy access to a fantastic selection of restaurants, bars, cafés, shops and leisure facilities, while Manchester Arndale, Deansgate and the AO Arena are all within easy reach.
The property also benefits from excellent transport links, with Salford Central and Manchester Victoria railway stations both within walking distance, nearby Metrolink services, and convenient access to the M602 and wider motorway network. Its central location continues to attract professionals, students and commuters, underpinning strong rental demand throughout the area.
Tenure: Leasehold
EPC Rating: C
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Listed by
South Yorkshire
Auction House (UK) Limited
Reference: 91024647
Flood risk
Zone: 1
Risk: Low
Job (default Low)
Floorplans
20260716055217 Floorplan 213254 3uwSG T202607231501.png
Price history
20% since 2003
| Event | Date | Price | % change |
|---|---|---|---|
| Listed for sale | — | £115,000 | -29.2% |
| Sold | 19/04/2004 (22 years ago) | £162,500 | -1.5% |
| Sold | 30/01/2004 (22 years ago) | £165,000 | +21.4% |
| Sold | 05/12/2003 (22 years ago) | £135,950 | — |
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 |
|---|---|---|---|
| CITY POINT, 156 FLAT 122 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £162,000 | 22/12/2025 | Flat |
| MODEL LODGING HOUSE FLAT 31 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £350,000 | 19/12/2025 | Flat |
| CITY POINT, 156 FLAT 135 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £140,000 | 18/12/2025 | Flat |
| CITY POINT, 156 FLAT 135 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £140,000 | 18/12/2025 | Flat |
| CITY POINT, 156 FLAT 90 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6ET | £165,000 | 18/12/2025 | Flat |
| CITY POINT, 156 APARTMENT 159 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £120,000 | 28/11/2025 | Flat |
| CITY POINT, 156 APARTMENT 203 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £236,000 | 28/11/2025 | Flat |
| FRESH, 138 APARTMENT 314 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF | £178,600 | 28/11/2025 | Flat |
| MODEL LODGING HOUSE FLAT 10 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £262,000 | 26/11/2025 | Flat |
| 150 FLAT 8 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6AF | £182,000 | 26/11/2025 | Flat |
| MODEL LODGING HOUSE FLAT 30 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £270,000 | 17/11/2025 | Flat |
| MODEL LODGING HOUSE FLAT 25 BLOOM STREET, SALFORD, GREATER MANCHESTER, M3 6AJ | £210,000 | 06/10/2025 | Flat |
| BLOCK D ALTO APARTMENT 12 SILLAVAN WAY, SALFORD, GREATER MANCHESTER, M3 6GF | £270,000 | 30/09/2025 | Flat |
| 239 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5EP | £120,000 | 22/08/2025 | Flat |
| CITY POINT, 156 APARTMENT 185 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 6EU | £220,000 | 22/07/2025 | Flat |
| 96 APARTMENT 3103 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £407,950 | 23/05/2025 | Flat |
| 96 APARTMENT 2503 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £324,950 | 22/04/2025 | Flat |
| 96 APARTMENT 2401 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £264,950 | 03/04/2025 | Flat |
| 96 APARTMENT 2802 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £357,950 | 31/03/2025 | Flat |
| 96 APARTMENT 2705 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7JH | £400,000 | 28/03/2025 | Flat |
Area average: £239,070 (20 sales)
Capital growth trend
Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).
House Price Index (HM Land Registry — official index, not sold-price averages): Salford. Series: Flats and maisonettes. As of April 2026.
Rental Range
Estimated market rent for Salford. Low = conservative, Realistic = average, Optimistic = best case.
Based on Local Authority from postcode lookup → Salford.
LHA (30th percentile) floor for Central Greater Manchester: £873/mo (Apr 2025 – Mar 2026)
Location
Address
156 Chapel Street
Nearby
Nearest stations, universities and amenities (distance from property).
| Type | Name | Distance |
|---|---|---|
| Bus stop | Chapel Street/Trinity Way | 0.0 miles |
| Shop | Manchester Bikes | 0.1 miles |
| Shop | Unknown | 0.1 miles |
| Bus stop | GORE Street/Salford Central Station | 0.1 miles |
| Train station | Salford Central | 0.1 miles |
| University | UCEN Manchester (City Campus) | 0.6 miles |
| Train station | Manchester Victoria | 0.7 miles |
| University | University of Law | 0.8 miles |
| Hospital | Salford Gastric Bypass Surgery | 1.6 miles |
| Hospital | The Ailsa Craig Medical Practise | 2.8 miles |
Street-level crime
| Category | Count |
|---|---|
| Violence and sexual offences | 4 |
| Drugs | 1 |
| Total incidents | 5 |
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 |
|---|---|---|---|
| The Cathedral School of St Peter and St John RC Primary | Primary | 0.3 miles | Good — 10 Jul 2022 |
| St Philip's CofE Primary School | Primary | 0.3 miles | Good — 19 Oct 2023 |
| The Friars Primary School | Primary | 0.4 miles | Good — 24 Apr 2024 |
| Abbey College Manchester | Other | 0.6 miles | — (No rating) |
| University of Salford | Other | 0.6 miles | — (No rating) |
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, Block C Alto, M3 | £1,300/mo | 2 | 0.11 miles | OpenRent |
| 2 Bed Flat, Chapel St, M3 | £1,450/mo | 2 | 0.14 miles | OpenRent |
| 2 Bed Flat, Laurence Place, M3 | £1,500/mo | 2 | 0.15 miles | OpenRent |
| 2 Bed Flat, Block B Blackfriars, M3 | £1,550/mo | 2 | 0.21 miles | OpenRent |
| 2 Bed Flat, Local Blackfriars, M3 | £1,600/mo | 2 | 0.21 miles | OpenRent |
| 2 Bed Flat, Block B, M3 | £1,400/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, Local Blackfriars, M3 | £1,750/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, Novella, M3 | £1,750/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, Novella Apartments, M3 | £4,000/mo | 2 | 0.27 miles | OpenRent |
Average rent: £1,811/mo (9 listings)
Rent-driven metrics
Based on OpenRent comparables.
- 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).