For sale Flat

Apartment 511

LEXINGTON COURT, 56, BROADWAY, SALFORD, GREATER MANCHESTER M50 2UG

1 beds 1 baths 506 sq ft Listed 13 Mar 2025 (-457d)

£224,995

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# 1 bedroom apartment for sale (M50 2UG)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 511, LEXINGTON COURT, 56, BROADWAY, SALFORD, GREATER MANCHESTER M50 2UG |
| Price | £224,995 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 2007-2011 |
| Floor area | 47 m² |
| Last sold | £145,000 Dec 2018 |

## Description

The amenities at X1 Michigan Tower are second to none, with an entrance atrium and concierge service, a state-of-the-art residents' gym, and on-site cinema for entertainment. The quayside location provides a picturesque setting for residents to enjoy the best of city living.

Located in the heart of Manchester, residents of X1 Michigan Tower have easy access to excellent transport links, making it convenient to explore all that the city has to offer. With a wide range of cafes, restaurants, retail, and office spaces nearby, there is always something to do in this bustling area.

For investors looking to buy-to-let in Manchester, X1 Michigan Tower presents a prime opportunity. The city's strong economy, combined with significant investment in housing and infrastructure, makes it a desirable location for property investment. With a 6% NET rental yield and a 3-year rental guarantee, this property is sure to attract savvy investors looking for a lucrative opportunity.

Don't miss out on the chance to own a piece of Manchester's thriving property market. Contact us today to arrange a viewing and discover the potential of X1 Michigan Tower.

## Property Photos

- ![Photo](/listings/photos/159391859/88438)
- ![Photo](/listings/photos/159391859/88439)
- ![Photo](/listings/photos/159391859/88440)
- ![Photo](/listings/photos/159391859/88441)
- ![Photo](/listings/photos/159391859/88442)
- ![Photo](/listings/photos/159391859/88443)
- ![Photo](/listings/photos/159391859/88444)
- ![Photo](/listings/photos/159391859/88445)
- ![Photo](/listings/photos/159391859/88446)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| LEXINGTON COURT, 56 APARTMENT 511 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £145,000 | 12/12/2018 | Flat |
| LEXINGTON COURT, 56 APARTMENT 511 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £109,950 | 15/08/2014 | 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 |
|---------|-------|------|------|
| LEXINGTON COURT, 56 APARTMENT 407 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £96,500 | 11/11/2025 | Flat |
| LEXINGTON COURT, 56 APARTMENT 510 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £155,000 | 26/02/2025 | Flat |
| LEXINGTON COURT, 56 APARTMENT 208 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £133,500 | 27/11/2023 | Flat |
| LEXINGTON COURT, 56 APARTMENT 205 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £130,000 | 22/11/2023 | Flat |
| LEXINGTON COURT, 56 APARTMENT 307 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £135,000 | 03/11/2023 | Flat |
| LEXINGTON COURT, 56 APARTMENT 207 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £135,000 | 26/05/2023 | Flat |
| MADISON COURT, 52 APARTMENT 508 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD | £175,000 | 31/03/2023 | Flat |
| HUDSON COURT, 54 APARTMENT 206 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF | £133,500 | 02/03/2023 | Flat |
| MADISON COURT, 52 APARTMENT 502 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD | £130,000 | 07/12/2022 | Flat |
| LEXINGTON COURT, 56 APARTMENT 404 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £137,500 | 02/12/2022 | Flat |
| LEXINGTON COURT, 56 APARTMENT 310 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £168,000 | 14/11/2022 | Flat |
| HUDSON COURT, 54 APARTMENT 106 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF | £128,000 | 11/11/2022 | Flat |
| HUDSON COURT, 54 APARTMENT 207 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF | £129,000 | 03/11/2022 | Flat |
| MADISON COURT, 52 APARTMENT 303 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD | £135,000 | 31/08/2022 | Flat |
| HUDSON COURT, 54 APARTMENT 410 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF | £168,000 | 26/08/2022 | Flat |
| LEXINGTON COURT, 56 APARTMENT 110 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £170,500 | 05/08/2022 | Flat |
| LEXINGTON COURT, 56 APARTMENT 309 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £150,501 | 29/06/2022 | Flat |
| MADISON COURT, 52 APARTMENT 305 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD | £175,000 | 28/06/2022 | Flat |
| MADISON COURT, 52 APARTMENT 405 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD | £175,000 | 16/06/2022 | Flat |
| LEXINGTON COURT, 56 APARTMENT 501 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG | £130,000 | 18/05/2022 | Flat |

**Area average:** £144,500 (20 sales)

## Price vs local average

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

- **Local average:** £204,425 (51 Flat, M50, 2024–2026)
- **Deviation:** +10.1%

## 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, Salford, M50 | £1,039/mo | 1 | 0.17 miles | OpenRent |
| Studio Flat, Michigan Point Tower A, M50 | £900/mo | 1 | 0.19 miles | OpenRent |
| Studio Flat, Michigan Point Tower A, M50 | £925/mo | 1 | 0.19 miles | OpenRent |
| 1 Bed Flat, Michigan Ave, M50 | £995/mo | 1 | 0.19 miles | OpenRent |
| Studio Flat, Michigan Point Tower B, M50 | £850/mo | 1 | 0.2 miles | OpenRent |
| Studio Flat, Michigan Avenue, M50 | £900/mo | 1 | 0.2 miles | OpenRent |
| 1 Bed Flat, Alexander Court, M5 | £900/mo | 1 | 0.25 miles | OpenRent |
| 1 Bed Flat, Block A, M50 | £1,150/mo | 1 | 0.44 miles | OpenRent |
| 1 Bed Flat, Block A, M50 | £1,200/mo | 1 | 0.44 miles | OpenRent |
| 1 Bed Flat, Lightbox Blue, M50 | £1,150/mo | 1 | 0.56 miles | OpenRent |
| 1 Bed Flat, Lightbox, M50 | £1,250/mo | 1 | 0.56 miles | OpenRent |

**Average rent: £1,024/mo (11 listings)**

## 1% Rule

- **Rent ratio:** 0.44% (weak for cashflow)
- **Max investor price (0.8%):** £124,375
- **Target investor price (1%):** £99,500

*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 £995/mo).*

- **Gross yield:** 5.3%
- **Cost-to-rent:** 18.8×
- **Monthly cashflow:** £-16/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -0.3%

*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:** £4,787/m²

## 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 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)

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Property details

Tenure

LEASEHOLD

Floor area

47 m²

Year built

England and Wales: 2007-2011

Last sold

£145,000 Dec 2018

Price per m²

£4,787/m²

Local average

£204,425 (+10.1%)

Deprivation

Decile 6 (16,927 of 33,755)

Street crime

0 incidents within 1 mile (Apr 2026)

Key features

6% NET Rental Yield
3 Years Rent Assured
On-Site Cinema & Gym
Excellent Transport Links
Floor-to-Ceiling Windows
Free Furniture Pack

Description

Introducing X1 Michigan Tower, a stunning development located in the vibrant city of Manchester. This iconic property boasts four towers with unique architectural designs, offering residents sweeping views of MediaCityUK, Salford Quays, and central Manchester. With heights ranging from 14 to 35 floors, each tower features floor-to-ceiling windows, allowing for plenty of natural light to flood the modern living spaces.

The amenities at X1 Michigan Tower are second to none, with an entrance atrium and concierge service, a state-of-the-art residents' gym, and on-site cinema for entertainment. The quayside location provides a picturesque setting for residents to enjoy the best of city living.

Located in the heart of Manchester, residents of X1 Michigan Tower have easy access to excellent transport links, making it convenient to explore all that the city has to offer. With a wide range of cafes, restaurants, retail, and office spaces nearby, there is always something to do in this bustling area.

For investors looking to buy-to-let in Manchester, X1 Michigan Tower presents a prime opportunity. The city's strong economy, combined with significant investment in housing and infrastructure, makes it a desirable location for property investment. With a 6% NET rental yield and a 3-year rental guarantee, this property is sure to attract savvy investors looking for a lucrative opportunity.

Don't miss out on the chance to own a piece of Manchester's thriving property market. Contact us today to arrange a viewing and discover the potential of X1 Michigan Tower.

Listed by

Covering Manchester

TK Property Group Ltd

Reference: 159391859

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
Apartment 511 Lexington Court, 56, Broadway, SALFORD	69	82	47 m²	England and Wales: 2007-2011	Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

32% since 2014

Event	Date	Price	% change
Listed for sale	—	£224,995	+55.2%
Sold	12/12/2018 (7 years ago)	£145,000	+31.9%
Sold	15/08/2014 (11 years ago)	£109,950	—

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
LEXINGTON COURT, 56 APARTMENT 407 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£96,500	11/11/2025	Flat
LEXINGTON COURT, 56 APARTMENT 510 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£155,000	26/02/2025	Flat
LEXINGTON COURT, 56 APARTMENT 208 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£133,500	27/11/2023	Flat
LEXINGTON COURT, 56 APARTMENT 205 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£130,000	22/11/2023	Flat
LEXINGTON COURT, 56 APARTMENT 307 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£135,000	03/11/2023	Flat
LEXINGTON COURT, 56 APARTMENT 207 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£135,000	26/05/2023	Flat
MADISON COURT, 52 APARTMENT 508 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD	£175,000	31/03/2023	Flat
HUDSON COURT, 54 APARTMENT 206 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF	£133,500	02/03/2023	Flat
MADISON COURT, 52 APARTMENT 502 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD	£130,000	07/12/2022	Flat
LEXINGTON COURT, 56 APARTMENT 404 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£137,500	02/12/2022	Flat
LEXINGTON COURT, 56 APARTMENT 310 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£168,000	14/11/2022	Flat
HUDSON COURT, 54 APARTMENT 106 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF	£128,000	11/11/2022	Flat
HUDSON COURT, 54 APARTMENT 207 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF	£129,000	03/11/2022	Flat
MADISON COURT, 52 APARTMENT 303 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD	£135,000	31/08/2022	Flat
HUDSON COURT, 54 APARTMENT 410 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UF	£168,000	26/08/2022	Flat
LEXINGTON COURT, 56 APARTMENT 110 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£170,500	05/08/2022	Flat
LEXINGTON COURT, 56 APARTMENT 309 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£150,501	29/06/2022	Flat
MADISON COURT, 52 APARTMENT 305 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD	£175,000	28/06/2022	Flat
MADISON COURT, 52 APARTMENT 405 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UD	£175,000	16/06/2022	Flat
LEXINGTON COURT, 56 APARTMENT 501 BROADWAY, SALFORD, GREATER MANCHESTER, M50 2UG	£130,000	18/05/2022	Flat

Area average: £144,500 (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): 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 Central Greater Manchester: £773/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M50 2UG

Address

Broadway

Nearby

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

Type	Name	Distance
Bus stop	Salford Quays, Broadway / near Chandlers Point	0.1 miles
Bus stop	Salford Quays, Broadway / opposite Chandlers Point	0.1 miles
Shop	Sainsbury's Local	0.2 miles
Shop	Value Choice	0.2 miles
University	University of Salford	0.4 miles
Hospital	Salford Gastric Bypass Surgery	0.7 miles
Train station	Salford Crescent	0.9 miles
Hospital	Braeburn House	1.2 miles
Train station	Salford Central	1.5 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
Oasis Academy MediaCityUK	Secondary	0.3 miles	Good — 1 Jul 2016
AldridgeUTC@MediaCityUK	Secondary	0.3 miles	Good — 27 Apr 2023
St Joseph's RC Primary School	Primary	0.5 miles	Good — 24 May 2022
Lark Hill Community Primary School	Primary	0.5 miles	Good — 21 Mar 2022
Thompsons Academy trading as Navigators	Other	0.5 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
Studio Flat, Salford, M50	£1,039/mo	1	0.17 miles	OpenRent
Studio Flat, Michigan Point Tower A, M50	£900/mo	1	0.19 miles	OpenRent
Studio Flat, Michigan Point Tower A, M50	£925/mo	1	0.19 miles	OpenRent
1 Bed Flat, Michigan Ave, M50	£995/mo	1	0.19 miles	OpenRent
Studio Flat, Michigan Point Tower B, M50	£850/mo	1	0.2 miles	OpenRent
Studio Flat, Michigan Avenue, M50	£900/mo	1	0.2 miles	OpenRent
1 Bed Flat, Alexander Court, M5	£900/mo	1	0.25 miles	OpenRent
1 Bed Flat, Block A, M50	£1,150/mo	1	0.44 miles	OpenRent
1 Bed Flat, Block A, M50	£1,200/mo	1	0.44 miles	OpenRent
1 Bed Flat, Lightbox Blue, M50	£1,150/mo	1	0.56 miles	OpenRent
1 Bed Flat, Lightbox, M50	£1,250/mo	1	0.56 miles	OpenRent

Average rent: £1,024/mo (11 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.44%

Max investor price (0.8%) £124,375

Target investor price (1%) £99,500

Gross yield 5.3%

Cost-to-rent ratio 18.8×

Monthly cashflow £-16/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -0.3%

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).

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