# 2 bedroom apartment for sale (M50 3YH) ## Property Details | Key | Value | |-----|-------| | Address | 173 LABRADOR QUAY, SALFORD, GREATER MANCHESTER M50 3YH | | Price | £210,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | D | | Construction age | England and Wales: 1996-2002 | | Floor area | 56 m² | | Last sold | £185,950 Jan 2018 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 26/11/2033 - **Current heating cost:** £567/year - **Est. upgrade cost to C:** £225 ### Recommendations - A (£100 - £350) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8319-1187-1002-0429-1296) ## Description Positioned along Labrador Quay in the M50 postcode area, this 2-bedroom, 1-bathroom apartment offers bright residential accommodation set directly along the waterfront. Fantastic opportunity to purchase a vacant, recently decorated property in the heart of Salford Quays. The main living area provides space for seating and dining, naturally lit by double doors opening onto a Juliet balcony that looks directly out over the water and surrounding development. Positioned off the reception room via an open archway, the kitchen is fitted with storage cabinetry, counter space, an integrated oven, gas hob, and designated space for standalone appliances. Both bedrooms offer flexible layouts for storage and sleeping arrangements, while the main bathroom comprises a classic three-piece suite, complete with a wash hand basin, WC, and bath with an overhead shower attachment. Early viewing is recommended to appreciate the setting and location of this property. Ideal for owner occupiers and investors alike. In accordance with UK Anti-Money Laundering Regulations, Lawrence Copeland is required to verify the identity of all purchasers. Identity checks are carried out by an independent third-party provider and are subject to a fee of **£30 + VAT (£36 inc. VAT) per person**, payable by the purchaser. This fee is non-refundable. A Memorandum of Sale cannot be issued until these checks have been completed. Proof of funds and solicitor details will also be required. ## Property Photos - ![Photo](/listings/photos/91877934/1946149) - ![Photo](/listings/photos/91877934/1946150) - ![Photo](/listings/photos/91877934/1946151) - ![Photo](/listings/photos/91877934/1946152) - ![Photo](/listings/photos/91877934/1946153) - ![Photo](/listings/photos/91877934/1946154) - ![Photo](/listings/photos/91877934/1946155) - ![Photo](/listings/photos/91877934/1946156) - ![Photo](/listings/photos/91877934/1946157) - ![Photo](/listings/photos/91877934/1946158) - ![Photo](/listings/photos/91877934/1946159) - ![Photo](/listings/photos/91877934/1946160) ## Floorplans - ![Floorplan 1](/listings/photos/91877934/1946161) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/91877934/1946162) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 173 LABRADOR QUAY, SALFORD, GREATER MANCHESTER, M50 3YH | £185,950 | 05/01/2018 | 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 | |---------|-------|------|------| | MILLENNIUM TOWER, 250 APARTMENT 402 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SA | £150,000 | 01/12/2025 | Flat | | MILLENNIUM POINT, 254 APARTMENT 404 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SE | £185,000 | 14/11/2025 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 507 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SA | £105,000 | 12/11/2025 | Flat | | [Same street] 67 LABRADOR QUAY, SALFORD, GREATER MANCHESTER, M50 3YH | £210,000 | 07/11/2025 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 1804 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SB | £250,000 | 30/11/2023 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 1801 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SB | £190,000 | 24/11/2023 | Flat | | MILLENNIUM POINT, 254 APARTMENT 309 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SE | £140,000 | 20/11/2023 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 1106 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SB | £119,388 | 17/11/2023 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 1203 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SB | £230,000 | 17/11/2023 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 1501 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SB | £168,500 | 27/10/2023 | Flat | | 70 ST LAWRENCE QUAY, SALFORD, GREATER MANCHESTER, M50 3XU | £238,500 | 18/10/2023 | Flat | | 76 ST LAWRENCE QUAY, SALFORD, GREATER MANCHESTER, M50 3XU | £198,000 | 05/10/2023 | Flat | | NORTHILL APARTMENTS, 65 APARTMENT 602 FURNESS QUAY, SALFORD, GREATER MANCHESTER, M50 3DJ | £147,779 | 07/09/2023 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 2005 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SB | £430,000 | 04/08/2023 | Flat | | MILLENNIUM POINT, 254 APARTMENT 805 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SE | £252,000 | 27/07/2023 | Flat | | NORTHILL APARTMENTS, 65 APARTMENT 1406 FURNESS QUAY, SALFORD, GREATER MANCHESTER, M50 3DN | £155,500 | 23/06/2023 | Flat | | NORTHILL APARTMENTS, 65 APARTMENT 2610 FURNESS QUAY, SALFORD, GREATER MANCHESTER, M50 3DP | £197,500 | 13/06/2023 | Flat | | [Same street] 171 LABRADOR QUAY, SALFORD, GREATER MANCHESTER, M50 3YH | £210,000 | 09/05/2023 | Flat | | 72 ST LAWRENCE QUAY, SALFORD, GREATER MANCHESTER, M50 3XU | £257,000 | 28/04/2023 | Flat | | NORTHILL APARTMENTS, 65 APARTMENT 805 FURNESS QUAY, SALFORD, GREATER MANCHESTER, M50 3DL | £179,995 | 27/03/2023 | Flat | | MILLENNIUM POINT, 254 APARTMENT 507 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SE | £170,000 | 10/03/2023 | Flat | | MILLENNIUM TOWER, 250 APARTMENT 1603 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3SB | £250,000 | 22/12/2022 | Flat | | [Same street] 43 LABRADOR QUAY, SALFORD, GREATER MANCHESTER, M50 3YH | £212,000 | 16/12/2022 | Flat | | [Same street] 119 LABRADOR QUAY, SALFORD, GREATER MANCHESTER, M50 3YH | £255,000 | 17/11/2022 | Flat | | [Same street] 165 LABRADOR QUAY, SALFORD, GREATER MANCHESTER, M50 3YH | £230,000 | 16/09/2022 | Flat | | [Same street] 65 LABRADOR QUAY, SALFORD, GREATER MANCHESTER, M50 3YH | £200,000 | 15/02/2022 | Flat | **Street average:** £219,500 (6 sales) **Area average:** £200,708 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £201,225 (56 Flat, M50, 2024–2026) - **Deviation:** +4.4% ## Rental Range *ONS Price Index of Private Rents (Salford). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,056/mo - **Realistic:** £1,173/mo - **Optimistic:** £1,290/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, Michigan Avenue, M50 | £1,300/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, Michigan Point Tower A, M50 | £1,699/mo | 2 | 0.2 miles | OpenRent | | 2 Bed Flat, The Quays, M50 | £1,550/mo | 2 | 0.25 miles | OpenRent | | 2 Bed Flat, Quay House, M5 | £1,250/mo | 2 | 0.27 miles | OpenRent | | 2 Bed Flat, Elmira Way, M5 | £1,250/mo | 2 | 0.41 miles | OpenRent | **Average rent: £1,410/mo (5 listings)** ## 1% Rule - **Rent ratio:** 0.62% (weak for cashflow) - **Max investor price (0.8%):** £162,500 - **Target investor price (1%):** £130,000 *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 £1,300/mo).* - **Gross yield:** 7.4% - **Cost-to-rent:** 13.5× - **Monthly cashflow:** £318/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 6.3% *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:** £3,750/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 44.8% - **10y growth:** 8.9% ## House Price Index (HM Land Registry) *Official index for Salford; Flats and maisonettes series; as of July 2026.* - **1y growth (index):** -2.8% - **5y growth (index):** 9.6% - **10y growth (index):** 57.3% ## 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)