# 2 bedroom apartment for sale (M3 5JS)

## Property Details

| Key | Value |
|-----|-------|
| Address | APARTMENT 48, THE GALLERY, 26, BLACKFRIARS STREET, SALFORD, SALFORD, GREATER MANCHESTER M3 5JS |
| Price | £130,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | TBC |
| Last sold | £176,800 Jan 2004 |

## Description

A two bedroom apartment, occupying a prime position on the fringe of Manchester city centre in Salford with strong tenant demand and outstanding commuter connectivity. 

The property provides well proportioned accommodation including an open-plan living area and kitchen, two bedrooms and a bathroom, creating modern, low-maintenance living ideally suited to professionals and commuters.

The apartment is ideally located within walking distance of Manchester city centre, Spinningfields, Deansgate and a wide range of shops, restaurants, bars and leisure facilities. The area has benefited from significant regeneration and remains one of Greater Manchester's most sought-after locations for city living. Transport links are excellent, with Salford Central railway station approximately 0.4 miles away and Victoria Station around 0.7 miles away, providing extensive rail and Metrolink services across the region and beyond. The property also benefits from convenient access to the Inner Ring Road and wider motorway network.

## Property Photos

- ![Picture No. 35](/listings/photos/91651269/1914985) - Picture No. 35
- ![Picture No. 36](/listings/photos/91651269/1914986) - Picture No. 36
- ![Picture No. 37](/listings/photos/91651269/1914987) - Picture No. 37
- ![Picture No. 38](/listings/photos/91651269/1914988) - Picture No. 38
- ![Picture No. 39](/listings/photos/91651269/1914989) - Picture No. 39
- ![Picture No. 40](/listings/photos/91651269/1914990) - Picture No. 40
- ![Picture No. 41](/listings/photos/91651269/1914991) - Picture No. 41
- ![Picture No. 42](/listings/photos/91651269/1914992) - Picture No. 42

## Floorplans

- ![Floorplan](/listings/photos/91651269/1914993) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/91651269/1914994) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE GALLERY, 26 APARTMENT 48 BLACKFRIARS STREET, SALFORD, GREATER MANCHESTER, M3 5JS | £176,800 | 27/01/2004 | 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 |
|---------|-------|------|------|
| THE EDGE 245 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NG | £141,000 | 12/12/2025 | Flat |
| THE EDGE 267 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NG | £140,000 | 12/12/2025 | Flat |
| THE EDGE 174 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NF | £270,000 | 21/10/2025 | Flat |
| THE EDGE 20 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £368,000 | 31/03/2025 | Flat |
| THE EDGE 41 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £155,000 | 28/02/2025 | Flat |
| THE EDGE 33 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £197,500 | 22/11/2024 | Flat |
| THE EDGE 16 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £230,000 | 14/10/2024 | Flat |
| THE EDGE 14 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £203,000 | 25/09/2024 | Flat |
| THE EDGE 27 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £280,000 | 26/02/2024 | Flat |
| THE EDGE 214 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NF | £162,500 | 15/12/2023 | Flat |
| THE EDGE 28 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £326,000 | 10/11/2023 | Flat |
| THE GALLERY, 18 APARTMENT 26 BLACKFRIARS STREET, SALFORD, GREATER MANCHESTER, M3 5JR | £246,000 | 04/11/2023 | Flat |
| THE EDGE 235 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NF | £580,000 | 14/07/2023 | Flat |
| THE EDGE 31 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £330,000 | 23/05/2023 | Flat |
| THE EDGE 46 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NB | £260,000 | 06/04/2023 | Flat |
| THE EDGE 212 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NF | £330,000 | 20/03/2023 | Flat |
| THE EDGE 182 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NF | £156,000 | 16/12/2022 | Flat |
| TEXTILE APARTMENTS, 10 APARTMENT 1 BLACKFRIARS STREET, SALFORD, GREATER MANCHESTER, M3 5BY | £275,000 | 07/12/2022 | Flat |
| THE EDGE 85 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5ND | £268,000 | 18/11/2022 | Flat |
| THE EDGE 112 CLOWES STREET, SALFORD, GREATER MANCHESTER, M3 5NE | £195,000 | 04/11/2022 | Flat |

**Area average:** £255,650 (20 sales)

## Price vs local average

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

- **Local average:** £283,659 (357 Flat, M3, 2024–2026)
- **Deviation:** -54.2%

## Rental Range

*ONS Price Index of Private Rents (Salford). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,048/mo
- **Realistic:** £1,164/mo
- **Optimistic:** £1,280/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, Greengate, M3 | £1,700/mo | 2 | 0.27 miles | OpenRent |
| 2 Bed Flat, Salford, M3 | £1,400/mo | 2 | 0.27 miles | OpenRent |
| 2 Bed Flat, Waterhouse Tower, M3 | £1,800/mo | 2 | 0.43 miles | OpenRent |
| 2 Bed Flat, Waterhouse Tower, M3 | £1,680/mo | 2 | 0.43 miles | OpenRent |
| 2 Bed Flat, Waterhouse Tower, M3 | £1,900/mo | 2 | 0.43 miles | OpenRent |

**Average rent: £1,696/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 1.31% (strong)
- **Max investor price (0.8%):** £212,500
- **Target investor price (1%):** £170,000

*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 £1,700/mo).*

- **Gross yield:** 15.7%
- **Cost-to-rent:** 6.4×
- **Monthly cashflow:** £993/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 31.6%

*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:** -15.9%
- **10y growth:** 28.1%

## House Price Index (HM Land Registry)

*Official index for Salford; Flats and maisonettes series; as of May 2026.*

- **1y growth (index):** -8.8%
- **5y growth (index):** 16.5%
- **10y growth (index):** 66.3%

## 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)