Sold STC Flat

APARTMENT 58

IRWELL BUILDING, LOWRY WHARF, SALFORD, GREATER MANCHESTER M5 4SS

2 beds 2 baths 624 sq ft Listed 17 Apr 2025 (-426d)

£175,000

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# 2 bedroom apartment for sale (M5 4SS)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 58, IRWELL BUILDING, LOWRY WHARF, SALFORD, GREATER MANCHESTER M5 4SS |
| Price | £175,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | B |
| Construction age | England and Wales: 2007-2011 |
| Floor area | 58 m² |
| Last sold | £180,000 Nov 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Expiry date:** 16/01/2033
- **Current heating cost:** £220/year
- **Est. upgrade cost to C:** £1,500

### Recommendations
- L2 (£1,200 - £1,800)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9307-8229-8090-0183-6292)

## Description

Nestled in-between the River Irwell and the Manchester ship canal, these stunning apartments at Lowry Wharf blend a good splash of style with a natural homely comfort.

The spacious open-plan kitchen/lounge is light and airy, and the benefit of double two bedrooms. With fixtures and fittings of good quality, there really has been no stone left unturned whilst fitting this apartment out with all the features that one has come to expect from Manchester city centre apartments.

The location couldn’t be more perfect either. Just a hop, skip & a jump from the Manchester world (and the surrounding area) is your oyster. The beating heart of Manchester is little but a 10-15 minute stroll with the likes of Deansgate Locks, Spinningfields, Salford Quays and Castlefield all on your doorstep. The Ring Road is easily accessible, as are the canal boats; if floating through the city is more your thing. We wouldn’t recommend swimming though.

*The pictures for this apartment are for marketing purposes only. Internal fixtures, fittings and furnishings may vary.

*Mortgage Buyers - Due to the rate of Ground Rent, we recommend speaking to your chosen/preferred lender prior to arranging a viewing*

Leasehold - Provided by the seller.

Lease: 120 Years Left (Approx)

Ground Rent: £330pa - In line with RPI/Compound Interest

Service Charge: £1590 PA

Council Tax: B -£1,907.12

EPC: C

Management Company: Zenith

## Property Photos

- ![Photo](/listings/photos/160817480/592536)
- ![Photo](/listings/photos/160817480/592538)
- ![Photo](/listings/photos/160817480/592540)
- ![Photo](/listings/photos/160817480/592541)
- ![Bathroom.jpg](/listings/photos/160817480/592542) - Bathroom.jpg
- ![Photo](/listings/photos/160817480/592550)
- ![Photo](/listings/photos/160817480/592554)
- ![Photo](/listings/photos/160817480/592557)

## Floorplans

- ![Floorplan 1](/listings/photos/160817480/592561) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/160817480/592564) - EE Rating

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| IRWELL BUILDING APARTMENT 58 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS | £180,000 | 18/11/2025 | Flat |
| IRWELL BUILDING APARTMENT 58 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS | £127,000 | 17/12/2015 | 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 |
|---------|-------|------|------|
| 2 APARTMENT 226 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ | £205,000 | 06/02/2026 | Flat |
| 1 APARTMENT 1136 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LE | £210,000 | 09/01/2026 | Flat |
| IMOGEN COURT FLAT 74 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TQ | £85,000 | 18/12/2025 | Flat |
| 2 APARTMENT 2111 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GR | £180,000 | 05/12/2025 | Flat |
| 9 APARTMENT 4 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG | £156,000 | 28/11/2025 | Flat |
| 2 APARTMENT 234 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ | £216,000 | 28/11/2025 | Flat |
| 190 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU | £350,000 | 28/11/2025 | Flat |
| 1 FLAT 2204 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE | £265,000 | 25/11/2025 | Flat |
| 1 FLAT 2506 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE | £305,000 | 07/11/2025 | Flat |
| 7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE | £143,000 | 04/11/2025 | Flat |
| THE RIVERSIDE APARTMENT 81 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SU | £255,000 | 24/10/2025 | Flat |
| RENOLDS HOUSE APARTMENT 40 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £80,000 | 23/10/2025 | Flat |
| IRWELL BUILDING APARTMENT 79 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS | £188,000 | 19/09/2025 | Flat |
| 3 APARTMENT 312 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GS | £200,000 | 29/08/2025 | Flat |
| 9 APARTMENT 312 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG | £235,000 | 28/08/2025 | Flat |
| DELANEY BUILDING APARTMENT 54 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SR | £130,000 | 13/08/2025 | Flat |
| 1 FLAT 1101 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BA | £182,500 | 04/07/2025 | Flat |
| 9 APARTMENT 110 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG | £194,000 | 27/06/2025 | Flat |
| 186 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU | £320,000 | 23/06/2025 | Flat |
| CASSANDRA COURT FLAT 43 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TW | £140,000 | 20/01/2025 | Flat |

**Area average:** £201,975 (20 sales)

## Price vs local average

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

- **Local average:** £206,700 (69 Flat, M5, 2024–2026)
- **Deviation:** -15.3%

## 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 Richmond & Hambleton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/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, Whitworth, M3 | £1,295/mo | 2 | 0.25 miles | OpenRent |

**Average rent: £1,295/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.74% (weak for cashflow)
- **Max investor price (0.8%):** £161,875
- **Target investor price (1%):** £129,500

*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 £1,295/mo).*

- **Gross yield:** 8.9%
- **Cost-to-rent:** 11.3×
- **Monthly cashflow:** £451/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.7%

*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).*

## Price per Square Metre

- **£/m²:** £3,017/m²

## Capital growth trend

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

- **5y growth:** -5.6%
- **10y growth:** 29.5%

## 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)

Photo 1 Photo 2 Photo 3 Photo 4 Bathroom.jpg Photo 6 Photo 7 Photo 8

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Property details

Tenure

LEASEHOLD

Floor area

58 m²

Council tax band

EPC rating

Year built

England and Wales: 2007-2011

Last sold

£180,000 Nov 2025

Price per m²

£3,017/m²

Local average

£206,700 (-15.3%)

Street crime

4 incidents within 1 mile (Apr 2026)

Key features

Open For Residential Or Buy To Let Investors - Tenants On Fixed term May 2025
Two Bedroom
Great Location - Easy Reach Of City Centre & Amenities
Popular Development With Concierge Service
Parking Included
Easy Access To Motorway
Amenities Nearby
Easy Route To Salford Quays
EWS1 Available
*Video Tour Available*

Additional details

Parking: Yes

Description

Nestled in-between the River Irwell and the Manchester ship canal, these stunning apartments at Lowry Wharf blend a good splash of style with a natural homely comfort.

The spacious open-plan kitchen/lounge is light and airy, and the benefit of double two bedrooms. With fixtures and fittings of good quality, there really has been no stone left unturned whilst fitting this apartment out with all the features that one has come to expect from Manchester city centre apartments.

The location couldn’t be more perfect either. Just a hop, skip & a jump from the Manchester world (and the surrounding area) is your oyster. The beating heart of Manchester is little but a 10-15 minute stroll with the likes of Deansgate Locks, Spinningfields, Salford Quays and Castlefield all on your doorstep. The Ring Road is easily accessible, as are the canal boats; if floating through the city is more your thing. We wouldn’t recommend swimming though.

*The pictures for this apartment are for marketing purposes only. Internal fixtures, fittings and furnishings may vary.

*Mortgage Buyers - Due to the rate of Ground Rent, we recommend speaking to your chosen/preferred lender prior to arranging a viewing*

Leasehold - Provided by the seller.
Lease: 120 Years Left (Approx)
Ground Rent: £330pa - In line with RPI/Compound Interest
Service Charge: £1590 PA
Council Tax: B -£1,907.12
EPC: C
Management Company: Zenith

Listed by

Manchester

Ascend Estates Ltd

Reference: 160817480

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 17/01/2023

Expiry date: 16/01/2033

Current heating cost: £220/year

Potential heating cost: £119/year

Est. upgrade cost to C: £1,500

Recommendations

High heat retention storage heaters and dual immersion cylinder (£1,200 - £1,800)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EE Rating

Price history

42% since 2015

Event	Date	Price	% change
Sold	18/11/2025 (6 months ago)	£180,000	+41.7%
Sold	17/12/2015 (10 years ago)	£127,000	—

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
2 APARTMENT 226 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ	£205,000	06/02/2026	Flat
1 APARTMENT 1136 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4LE	£210,000	09/01/2026	Flat
IMOGEN COURT FLAT 74 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TQ	£85,000	18/12/2025	Flat
2 APARTMENT 2111 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GR	£180,000	05/12/2025	Flat
9 APARTMENT 4 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG	£156,000	28/11/2025	Flat
2 APARTMENT 234 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GQ	£216,000	28/11/2025	Flat
190 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU	£350,000	28/11/2025	Flat
1 FLAT 2204 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE	£265,000	25/11/2025	Flat
1 FLAT 2506 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BE	£305,000	07/11/2025	Flat
7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE	£143,000	04/11/2025	Flat
THE RIVERSIDE APARTMENT 81 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SU	£255,000	24/10/2025	Flat
RENOLDS HOUSE APARTMENT 40 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB	£80,000	23/10/2025	Flat
IRWELL BUILDING APARTMENT 79 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SS	£188,000	19/09/2025	Flat
3 APARTMENT 312 KELSO PLACE, MANCHESTER, GREATER MANCHESTER, M15 4GS	£200,000	29/08/2025	Flat
9 APARTMENT 312 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG	£235,000	28/08/2025	Flat
DELANEY BUILDING APARTMENT 54 LOWRY WHARF, SALFORD, GREATER MANCHESTER, M5 4SR	£130,000	13/08/2025	Flat
1 FLAT 1101 REGENT ROAD, MANCHESTER, GREATER MANCHESTER, M3 4BA	£182,500	04/07/2025	Flat
9 APARTMENT 110 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YG	£194,000	27/06/2025	Flat
186 WATER STREET, MANCHESTER, GREATER MANCHESTER, M3 4AU	£320,000	23/06/2025	Flat
CASSANDRA COURT FLAT 43 ASGARD DRIVE, SALFORD, GREATER MANCHESTER, M5 4TW	£140,000	20/01/2025	Flat

Area average: £201,975 (20 sales)

Capital growth trend

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

5y growth -5.6%

10y growth 29.5%

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

1y (index) -5.6%

5y (index) 11%

10y (index) 71.5%

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 Richmond & Hambleton: £549/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M5 4SS

Address

Derwent Street

Nearby

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

Type	Name	Distance
Bus stop	ORDSALL Lane/Regent Road	0.1 miles
Bus stop	Regent Road/Regent Bridge	0.1 miles
Shop	Porcelanosa	0.1 miles
Shop	Little Waitrose	0.1 miles
Train station	Deansgate	0.6 miles
Train station	Salford Central	0.7 miles
University	University of Law	1.1 miles
University	Manchester School of Art	1.2 miles
Hospital	Salford Gastric Bypass Surgery	1.5 miles
Hospital	The Ailsa Craig Medical Practise	2.7 miles

Street-level crime

Category	Count
Violence and sexual offences	2
Other crime	1
Other theft	1
Total incidents	4

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
Primrose Hill Primary School and Children's Centre	Primary	0.5 miles	Good — 30 Jun 2022
St Philip's CofE Primary School	Primary	0.5 miles	Good — 19 Oct 2023
St Joseph's RC Primary School	Primary	0.6 miles	Good — 24 May 2022
St Wilfrid's RC Primary School	Primary	0.6 miles	Good — 25 Jun 2023
University of Salford	Other	0.7 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, Whitworth, M3	£1,295/mo	2	0.25 miles	OpenRent

Average rent: £1,295/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.74%

Max investor price (0.8%) £161,875

Target investor price (1%) £129,500

Gross yield 8.9%

Cost-to-rent ratio 11.3×

Monthly cashflow £451/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 10.7%

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).