# 1 bedroom apartment for sale (M3 5JT) ## Property Details | Key | Value | |-----|-------| | Address | Manchester Investment Flat, M3 5JT | | Price | £199,950 | | Bedrooms | 1 | | Bathrooms | 1 | | Last sold | £139,500 | ## Description "This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers Completed - Earn Rental Income from Day 1! DESCRIPTION The investment Located in Manchester's ever-popular M3 district, this newly completed development presents an outstanding investment opportunity, delivering strong return potential. The location Positioned within the highly sought-after M3 postcode, the development benefits from close proximity to a range of major employers, key transport links, and Manchester's dynamic city centre. This prime location makes the apartments especially attractive to young professionals and long-term renters. The apartments Each apartment features high-spec finishes and an ergonomic layout designed to optimise space and natural light. Fully furnished to an excpetional standard, the open-plan living areas flow seamlessly into a contemporary integrated kitchen, creating a stylish and practical environment for residents. Want to find out more? Enquire today to receive a full digital brochure, apartment floor plans, and a full investment breakdown." ## Property Photos - ![Photo](/listings/photos/173905427/100355) - ![Photo](/listings/photos/173905427/100356) - ![Photo](/listings/photos/173905427/100357) - ![Photo](/listings/photos/173905427/100358) - ![Photo](/listings/photos/173905427/100359) - ![Photo](/listings/photos/173905427/100360) - ![Photo](/listings/photos/173905427/100361) - ![Photo](/listings/photos/173905427/100362) - ![Photo](/listings/photos/173905427/100363) - ![Photo](/listings/photos/173905427/100364) ## Floorplans - ![Floorplan 1](/listings/photos/173905427/100365) - Floorplan 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | | £139,500 | 01/01/2009 | — | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | VIMTO GARDENS APARTMENT 204 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF | £291,000 | 19/12/2025 | Flat | | BLOCK C, 14 APARTMENT 411 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH | £220,000 | 11/12/2025 | Flat | | BLOCK A, 2 APARTMENT 902 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZD | £240,000 | 10/12/2025 | Flat | | THE ROYAL 220 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £108,000 | 01/12/2023 | Flat | | THE ROYAL 30 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WP | £160,000 | 01/12/2023 | Flat | | BLOCK B, 4 APARTMENT 2003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF | £390,000 | 20/09/2023 | Flat | | BLOCK A, 2 APARTMENT 605 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £270,000 | 31/08/2023 | Flat | | 272 UNIT 4S1 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ | £58,000 | 17/03/2023 | Flat | | 272 FLAT 8D CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JZ | £48,000 | 17/03/2023 | Flat | | BLOCK B, 4 APARTMENT 2005 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZF | £229,500 | 10/03/2023 | Flat | | BLOCK B, 4 APARTMENT 003 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZE | £240,000 | 06/03/2023 | Flat | | THE ROYAL 246 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £120,000 | 20/12/2022 | Flat | | BLOCK A, 2 APARTMENT 502 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £245,000 | 19/12/2022 | Flat | | 8 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZA | £423,023 | 09/12/2022 | Flat | | THE ROYAL 237 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WE | £120,000 | 02/12/2022 | Flat | | VIMTO GARDENS APARTMENT 207 CHAPEL STREET, SALFORD, GREATER MANCHESTER, M3 5JF | £183,500 | 01/12/2022 | Flat | | BLOCK C, 14 APARTMENT 418 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH | £240,000 | 21/11/2022 | Flat | | BLOCK A, 2 APARTMENT 705 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZB | £290,000 | 24/10/2022 | Flat | | BLOCK C, 14 APARTMENT 420 HULME STREET, SALFORD, GREATER MANCHESTER, M5 4ZH | £194,750 | 18/10/2022 | Flat | | THE ROYAL 31 WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WP | £152,000 | 10/10/2022 | Flat | **Area average:** £211,139 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £285,168 (345 Flat, M3, 2024–2026) - **Deviation:** -29.9% ## 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 | |------|------|------|------|------| | 1 Bed Flat, Chapel St, M3 | £1,200/mo | 1 | 0.4 miles | OpenRent | | 1 Bed Flat, Leftbank, M3 | £1,150/mo | 1 | 0.41 miles | OpenRent | | 1 Bed Flat, Queen Way, M3 | £1,150/mo | 1 | 0.45 miles | OpenRent | | Studio Flat, Clowes Street, M3 | £995/mo | 1 | 0.6 miles | OpenRent | **Average rent: £1,124/mo (4 listings)** ## 1% Rule - **Rent ratio:** 0.58% (weak for cashflow) - **Max investor price (0.8%):** £143,750 - **Target investor price (1%):** £115,000 *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 £1,150/mo).* - **Gross yield:** 6.9% - **Cost-to-rent:** 14.5× - **Monthly cashflow:** £223/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 4.6% *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:** 14.9% - **10y growth:** 48.2% ## 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)