# 1 bedroom apartment for sale (M3 7NB) ## Property Details | Key | Value | |-----|-------| | Address | Bankside, Salford, M3 7NB | | Price | £310,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | TBC | | Last sold | £110,000 | ## Description Discover contemporary luxury at Bankside, Collier's Yard with this exceptional one-bedroom apartment, offering stylish city living in one of Manchester's most sought-after new developments. Finished to an impeccable standard, the apartment features a bright open-plan living space with elegant herringbone flooring and impressive floor-to-ceiling windows that flood the home with natural light. The sleek, fully integrated kitchen is perfectly designed for both everyday living and entertaining. The generous double bedroom provides a peaceful retreat with soft grey carpeting, while the beautifully appointed bathroom showcases striking marble gloss tiling, contemporary black fittings, and a luxurious steel bath, creating the perfect space to relax and unwind. Residents at Bankside enjoy an outstanding range of exclusive amenities, including a fully equipped fitness and yoga studio, bookable co-working pods ideal for remote working, a dedicated dog spa, and a stylish private dining suite with an outdoor BBQ terrace overlooking the River Irwell. Whether you're a first-time buyer, professional, or investor, this is an outstanding opportunity to own a premium apartment in one of Manchester's most exciting riverside communities. Combining high-specification interiors, exceptional resident facilities, and an enviable location, this home offers the very best of modern city living. ## Property Photos - ![P2211771.jpg](/listings/photos/90319494/954369) - P2211771.jpg - ![P2211773.jpg](/listings/photos/90319494/954371) - P2211773.jpg - ![P2211772.jpg](/listings/photos/90319494/954374) - P2211772.jpg - ![P2211776.jpg](/listings/photos/90319494/954375) - P2211776.jpg - ![P2211774.jpg](/listings/photos/90319494/954376) - P2211774.jpg - ![P2211775.jpg](/listings/photos/90319494/954378) - P2211775.jpg - ![P2211778.jpg](/listings/photos/90319494/954380) - P2211778.jpg - ![P2211779.jpg](/listings/photos/90319494/954382) - P2211779.jpg - ![P2211780.jpg](/listings/photos/90319494/954384) - P2211780.jpg - ![P1888079.jpg](/listings/photos/90319494/954385) - P1888079.jpg - ![P1888068.jpg](/listings/photos/90319494/954386) - P1888068.jpg - ![P1888069.jpg](/listings/photos/90319494/954387) - P1888069.jpg - ![P1888076.jpg](/listings/photos/90319494/954388) - P1888076.jpg - ![TQKzpUNR-EyRnNhTeftX9Q.jpg](/listings/photos/90319494/954389) - TQKzpUNR-EyRnNhTeftX9Q.jpg - ![xURRCZFc2UqOlyvnDBq2Lw.jpg](/listings/photos/90319494/954390) - xURRCZFc2UqOlyvnDBq2Lw.jpg - ![pLqeZwNamUu3Y2o-eUIl7w.png](/listings/photos/90319494/954392) - pLqeZwNamUu3Y2o-eUIl7w.png ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | ABITO, 85 APARTMENT 627 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £120,000 | 19/12/2025 | Flat | | ABITO, 85 APARTMENT 204 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £115,000 | 17/12/2025 | Flat | | ABITO, 85 APARTMENT 111 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 16/12/2025 | Flat | | ABITO, 85 APARTMENT 209 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 10/12/2025 | Flat | | ABITO, 85 APARTMENT 828 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £115,000 | 08/12/2025 | Flat | | ABITO, 85 APARTMENT 116 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £105,000 | 22/09/2025 | Flat | | ABITO, 85 APARTMENT 601 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £146,000 | 16/07/2025 | Flat | | ABITO, 85 APARTMENT 716 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £110,000 | 07/02/2025 | Flat | | ABITO, 85 APARTMENT 209 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £94,000 | 25/11/2024 | Flat | | ABITO, 85 APARTMENT 322 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 30/07/2024 | Flat | | ABITO, 85 APARTMENT 820 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £145,000 | 20/10/2023 | Flat | | ABITO, 85 APARTMENT 714 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £140,000 | 06/10/2023 | Flat | | ABITO, 85 APARTMENT 414 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £133,000 | 22/09/2023 | Flat | | ABITO, 85 APARTMENT 620 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £138,000 | 21/08/2023 | Flat | | ABITO, 85 APARTMENT 320 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £147,000 | 18/08/2023 | Flat | | BLOCK 1 SPECTRUM APARTMENT 20 BLACKFRIARS ROAD, SALFORD, GREATER MANCHESTER, M3 7BJ | £110,000 | 09/08/2023 | Flat | | ABITO, 85 APARTMENT 411 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £100,000 | 21/06/2023 | Flat | | ABITO, 85 APARTMENT 319 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £119,000 | 16/06/2023 | Flat | | ABITO, 85 APARTMENT 530 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £115,000 | 06/04/2023 | Flat | | ABITO, 85 APARTMENT 229 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 28/03/2023 | Flat | **Area average:** £119,600 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £283,113 (356 Flat, M3, 2024–2026) - **Deviation:** +9.5% ## 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):** £773/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 | |------|------|------|------|------| | Studio Flat, City Centre, M3 | £920/mo | 1 | 0.01 miles | OpenRent | | Studio Flat, New Kings Head Yard, M3 | £1,100/mo | 1 | 0.12 miles | OpenRent | | 1 Bed Flat, Blackfriars Road, M3 | £1,300/mo | 1 | 0.13 miles | OpenRent | | 1 Bed Flat, Springfield Court, M3 | £925/mo | 1 | 0.14 miles | OpenRent | | 1 Bed Flat, City Heights, M3 | £1,075/mo | 1 | 0.19 miles | OpenRent | | 1 Bed Flat, City Heights, M3 | £1,150/mo | 1 | 0.19 miles | OpenRent | | 1 Bed Flat, Block B, M3 | £1,130/mo | 1 | 0.22 miles | OpenRent | | 1 Bed Flat, The Gallery, M3 | £1,095/mo | 1 | 0.23 miles | OpenRent | | Studio Flat, Clowes St, M3 | £1,150/mo | 1 | 0.24 miles | OpenRent | **Average rent: £1,094/mo (9 listings)** ## 1% Rule - **Rent ratio:** 0.35% (weak for cashflow) - **Max investor price (0.8%):** £137,500 - **Target investor price (1%):** £110,000 *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 £1,100/mo).* - **Gross yield:** 4.3% - **Cost-to-rent:** 23.5× - **Monthly cashflow:** £-256/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -3.4% *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:** -14.2% - **10y growth:** 24.6% ## House Price Index (HM Land Registry) *Official index for Salford; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -5% - **5y growth (index):** 17.3% - **10y growth (index):** 75% ## 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)