# 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)