Sold Flat

APARTMENT 502

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

2 beds 2 baths 66 m² Listed 4 Jul 2023 (-1075d)

£297,500

Save

# 2 bedroom apartment for sale (M50 2AL)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 502, BLOCK A, 5, RED, SALFORD, MEDIA CITY UK, GREATER MANCHESTER M50 2AL |
| Price | £297,500 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £289,500 Jun 2024 |

## Description

Briefly comprising of a spacious entrance hallway with a utility and storage cupboard, which then leads to the open plan living area, kitchen and bathroom. The bedroom also benefits from fitted wardrobes.

The lifestyle at “HD” will compliment the apartments open concept living and floor to ceiling windows allowing in an abundance of natural light. The top branded Bosch appliances are standard specification in addition to the washer/dryer and wardrobes in the principal bedroom. A well thought out floorplan created by Latimer brings all apartment sizes a unique style.

Co-working spaces in the building feature both long tables and meeting pods, offering working from home space requirement at its best.

It's not all about work, living at High Definition is a social affair. The informal lounge area and bean bag zone are the perfect places to unwind and catch up with friends. You can even get competitive on the table tennis and pool tables!

The Club HD terrace lounge is on the first floor just off of the podium terrace and with south facing views, it promises to be a relaxing retreat during the summer months.

## Property Photos

- ![Latimer-HighDef-30](/listings/photos/136956236/596112) - Latimer-HighDef-30
- ![Living Room](/listings/photos/136956236/596114) - Living Room
- ![Living Room](/listings/photos/136956236/596115) - Living Room
- ![Living Room](/listings/photos/136956236/596116) - Living Room
- ![Living Room](/listings/photos/136956236/596117) - Living Room
- ![Kitchen](/listings/photos/136956236/596118) - Kitchen
- ![Kitchen](/listings/photos/136956236/596120) - Kitchen
- ![Kitchen](/listings/photos/136956236/596121) - Kitchen
- ![Bedroom 1](/listings/photos/136956236/596123) - Bedroom 1
- ![339A5487](/listings/photos/136956236/596124) - 339A5487
- ![En Suite](/listings/photos/136956236/596126) - En Suite
- ![Bedroom 2](/listings/photos/136956236/596129) - Bedroom 2
- ![Bathroom](/listings/photos/136956236/596130) - Bathroom
- ![Club HD](/listings/photos/136956236/596133) - Club HD
- ![Concierge](/listings/photos/136956236/596137) - Concierge
- ![Residents Lounge ...](/listings/photos/136956236/596140) - Residents Lounge ...
- ![Residents Lounge ...](/listings/photos/136956236/596143) - Residents Lounge ...
- ![Terrace](/listings/photos/136956236/596146) - Terrace
- ![Entrance and Conc...](/listings/photos/136956236/596148) - Entrance and Conc...

## Floorplans

- ![Type A 2 Bedroom](/listings/photos/136956236/596152) - Type A 2 Bedroom

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| BLOCK A, 5 APARTMENT 502 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AL | £289,500 | 13/06/2024 | 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 |
|---------|-------|------|------|
| 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 |
| NUMBER ONE APARTMENT 1509 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB | £187,950 | 28/03/2025 | 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 |
| BLOCK A, 5 APARTMENT 1306 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AN | £211,500 | 11/08/2023 | Flat |
| BLOCK A, 5 APARTMENT 1603 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AN | £455,000 | 31/07/2023 | Flat |
| N V BUILDING, 96 APARTMENT 55 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB | £230,000 | 21/07/2023 | Flat |
| LIGHTBOX APARTMENT 1008 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AE | £290,000 | 20/07/2023 | Flat |
| NUMBER ONE APARTMENT 403 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BA | £200,000 | 26/06/2023 | Flat |
| BLOCK A, 5 APARTMENT 1005 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AN | £141,050 | 23/06/2023 | Flat |
| LIGHTBOX APARTMENT 1410 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AF | £175,000 | 20/06/2023 | Flat |

**Area average:** £236,500 (20 sales)

## Price vs local average

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

- **Local average:** £204,425 (51 Flat, M50, 2024–2026)
- **Deviation:** +45.5%

## 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 | 0.12 miles | OpenRent |

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

## 1% Rule

- **Rent ratio:** 0.61% (weak for cashflow)
- **Max investor price (0.8%):** £225,000
- **Target investor price (1%):** £180,000

*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 £1,800/mo).*

- **Gross yield:** 7.3%
- **Cost-to-rent:** 13.8×
- **Monthly cashflow:** £423/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5.9%

*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:** 10.2%
- **10y growth:** 44.7%

## House Price Index (HM Land Registry)

*Official index for North West; Flats and maisonettes series; as of March 2026.*

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

## 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)

Latimer-HighDef-30 Living Room Living Room Living Room Living Room Kitchen Kitchen Kitchen Bedroom 1 339A5487 En Suite Bedroom 2 Bathroom Club HD Concierge Residents Lounge ... Residents Lounge ... Terrace Entrance and Conc...

/ 19

Property details

Tenure

LEASEHOLD

Floor area

66 m²

Last sold

£289,500 Jun 2024

Local average

£204,425 (+45.5%)

Street crime

0 incidents within 1 mile (Apr 2026)

Key features

£14,500 DEPOSIT BOOST FROM LATIMER
Two Bedroom
Communal Terrace
Ready to Move in
High Specification Throughout
Private Residents Garden
Club HD with Communal Lounge
24 Hour Concierge
Heart of Media City UK
Easy access to Manchester City Centre

Additional details

Garden: Communal garden

Description

High Definition is a fantastic new development in the heart of Media City UK. Offering buyers a range of exclusive services and amenities making work, life and play seamless. Setting a new standard of living, the apartments are finished to a high specification throughout! Call now to visit our marketing suite and visit our fantastic show apartments!

Briefly comprising of a spacious entrance hallway with a utility and storage cupboard, which then leads to the open plan living area, kitchen and bathroom. The bedroom also benefits from fitted wardrobes.

The lifestyle at “HD” will compliment the apartments open concept living and floor to ceiling windows allowing in an abundance of natural light. The top branded Bosch appliances are standard specification in addition to the washer/dryer and wardrobes in the principal bedroom. A well thought out floorplan created by Latimer brings all apartment sizes a unique style.

Co-working spaces in the building feature both long tables and meeting pods, offering working from home space requirement at its best.

It's not all about work, living at High Definition is a social affair. The informal lounge area and bean bag zone are the perfect places to unwind and catch up with friends. You can even get competitive on the table tennis and pool tables!

The Club HD terrace lounge is on the first floor just off of the podium terrace and with south facing views, it promises to be a relaxing retreat during the summer months.

Listed by

Manchester

Kingsdene Ltd

Reference: 136956236

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Type A 2 Bedroom

Price history

Event	Date	Price	% change
Sold	13/06/2024 (2 years ago)	£289,500	—

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
NUMBER ONE APARTMENT 1509 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB	£187,950	28/03/2025	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
BLOCK A, 5 APARTMENT 1306 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AN	£211,500	11/08/2023	Flat
BLOCK A, 5 APARTMENT 1603 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AN	£455,000	31/07/2023	Flat
N V BUILDING, 96 APARTMENT 55 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB	£230,000	21/07/2023	Flat
LIGHTBOX APARTMENT 1008 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AE	£290,000	20/07/2023	Flat
NUMBER ONE APARTMENT 403 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BA	£200,000	26/06/2023	Flat
BLOCK A, 5 APARTMENT 1005 RED, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AN	£141,050	23/06/2023	Flat
LIGHTBOX APARTMENT 1410 BLUE, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2AF	£175,000	20/06/2023	Flat

Area average: £236,500 (20 sales)

Capital growth trend

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

5y growth 10.2%

10y growth 44.7%

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%

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: £873/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
Shop	The Beauty Guru	0.1 miles
Shop	Once Upon A Time	0.1 miles
Bus stop	BROADWAY/The Pie Factory	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	0.2 miles	Good — 27 Apr 2023
Thompsons Academy trading as Navigators	Other	0.5 miles	— (No rating)
Oasis Academy MediaCityUK	Secondary	0.7 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

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	0.12 miles	OpenRent

Average rent: £1,800/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.61%

Max investor price (0.8%) £225,000

Target investor price (1%) £180,000

Gross yield 7.3%

Cost-to-rent ratio 13.8×

Monthly cashflow £423/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 5.9%

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).