For sale Flat

New Build Manchester Apartment – 6% Rental Yields | Lucrative Buy to Let Opportunity

M5 3NB

3 beds 3 baths Listed 27 May 2026 (-55d)

£350,000

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# 3 bedroom apartment for sale (M5 3NB)

## Property Details

| Key | Value |
|-----|-------|
| Address | New Build Manchester Apartment – 6% Rental Yields \| Lucrative Buy to Let Opportunity, M5 3NB |
| Price | £350,000 |
| Bedrooms | 3 |
| Bathrooms | 3 |
| Last sold | £104,000 |

## Description

"Property is Suitable for Buy-to-Let Investments & Owner-Occupiers

DESCRIPTION

The investment

Offering potential yields of 6% and excellent long-term capital appreciation prospects, this brand-new Manchester development presents a prime opportunity for investors targeting one of the UK's strongest property markets.

The location

Positioned in the increasingly popular M5 postcode on the edge of the city centre, the development enjoys a prime waterfront setting close to major employment hubs at Salford Quays, MediaCityUK, and the city centre. With excellent transport connections, vibrant local amenities, and significant ongoing regeneration, the area is rapidly becoming one of Manchester's most desirable neighbourhoods for young professionals - ensuring robust, consistent tenant demand.

The apartments

Each unit is finished to an exceptional standard with high-spec fixtures and fittings, modern integrated appliances, stylish flooring, and bright open-plan layouts designeed to maximise comfort and space. These apartments cater perfectly to the modern professional rental market, offering a blend of contemporary design, convenience, and premium living.

The development

Developed by an award-winning UK property developer, the building features a wide range of on-site amenities crafted to elevate both the residential experience and investor appeal. Facilities include a resident lounge, gym, car parking, and secure bicycle storage, all supported by an on-site rental management service for a fully hands-off investment experience. Set in a high-growth regeneration zone, the development provides both quality and long-term potential.

Want to find out more?

## Property Photos

- ![Photo](/listings/photos/88963902/652217)
- ![Photo](/listings/photos/88963902/652218)
- ![Photo](/listings/photos/88963902/652219)
- ![Photo](/listings/photos/88963902/652220)
- ![Photo](/listings/photos/88963902/652221)
- ![Photo](/listings/photos/88963902/652222)
- ![Photo](/listings/photos/88963902/652223)
- ![Photo](/listings/photos/88963902/652224)
- ![Photo](/listings/photos/88963902/652225)
- ![Photo](/listings/photos/88963902/652226)

## Floorplans

- ![Floorplan 1](/listings/photos/88963902/652227) - Floorplan 1

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| COMMERCE QUAY, 221 APARTMENT 005 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4TT | £300,000 | 31/03/2025 | Flat |
| QUAY 5, 238 APARTMENT 15D ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE | £123,500 | 18/12/2023 | Flat |
| QUAY 5, 236 APARTMENT 10C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE | £140,000 | 14/12/2023 | Flat |
| BRIDGEWATER WHARF BLOCK E UNIT 405 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH | £145,000 | 03/11/2023 | Flat |
| QUAY 5, 234 APARTMENT 32B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £103,500 | 27/10/2023 | Flat |
| QUAY 5, 234 APARTMENT 78B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £86,000 | 06/10/2023 | Flat |
| BRIDGEWATER WHARF BLOCK A UNIT 605 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH | £145,500 | 14/08/2023 | Flat |
| QUAY 5, 232 APARTMENT 4A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB | £150,000 | 24/07/2023 | Flat |
| WATERHOUSE APARTMENTS, 14 11 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £240,330 | 08/03/2023 | Flat |
| QUAY 5, 232 APARTMENT 18A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB | £150,000 | 16/12/2022 | Flat |
| QUAY 5, 232 APARTMENT 47A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB | £163,000 | 30/11/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 37 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £250,500 | 11/11/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 86 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £300,000 | 11/11/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 54 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £189,950 | 30/09/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 75 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £252,450 | 23/09/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 74 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £247,950 | 24/08/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 28 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £190,000 | 19/08/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 19 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £250,430 | 18/08/2022 | Flat |
| QUAY 5, 234 APARTMENT 50B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ | £133,000 | 17/08/2022 | Flat |
| WATERHOUSE APARTMENTS, 14 82 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £257,500 | 22/07/2022 | Flat |

**Area average:** £190,931 (20 sales)

## Price vs local average

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

- **Local average:** £199,581 (72 Flat, M5, 2024–2026)
- **Deviation:** +75.4%

## 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 Richmond & Hambleton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £648/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 |
|------|------|------|------|------|
| 3 Bed Flat, West Craven Street, M5 | £1,700/mo | 3 | 0.32 miles | OpenRent |

**Average rent: £1,700/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.49% (weak for cashflow)
- **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:** 5.8%
- **Cost-to-rent:** 17.2×
- **Monthly cashflow:** £127/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1.5%

*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:** -15.2%
- **10y growth:** 31.5%

## 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)

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10

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Property details

Last sold

£104,000

Local average

£199,581 (+75.4%)

Deprivation

Decile 3 (7,322 of 33,755)

Street crime

0 incidents within 1 mile (May 2026)

Key features

Spacious 3-Bed Apartment With Luxury Amenities
Rental Yields of 6%
Exciting New Manchester Development
Onsite Parking and Bicycle Storage For Resident Security
Luxury Onsite Gym and Residents Lounge
Payment Plan Available For Investors
Ideal Salford Location, Just 1.5 Miles to MediaCityUK
Leading UK Property Developer
Onsite Rental Company
Enquire Now to Receive Info Pack and Financial Breakdown

Additional details

Parking: Yes

Description

"Property is Suitable for Buy-to-Let Investments & Owner-Occupiers

DESCRIPTION

The investment
Offering potential yields of 6% and excellent long-term capital appreciation prospects, this brand-new Manchester development presents a prime opportunity for investors targeting one of the UK's strongest property markets.

The location
Positioned in the increasingly popular M5 postcode on the edge of the city centre, the development enjoys a prime waterfront setting close to major employment hubs at Salford Quays, MediaCityUK, and the city centre. With excellent transport connections, vibrant local amenities, and significant ongoing regeneration, the area is rapidly becoming one of Manchester's most desirable neighbourhoods for young professionals - ensuring robust, consistent tenant demand.

The apartments
Each unit is finished to an exceptional standard with high-spec fixtures and fittings, modern integrated appliances, stylish flooring, and bright open-plan layouts designeed to maximise comfort and space. These apartments cater perfectly to the modern professional rental market, offering a blend of contemporary design, convenience, and premium living.

The development
Developed by an award-winning UK property developer, the building features a wide range of on-site amenities crafted to elevate both the residential experience and investor appeal. Facilities include a resident lounge, gym, car parking, and secure bicycle storage, all supported by an on-site rental management service for a fully hands-off investment experience. Set in a high-growth regeneration zone, the development provides both quality and long-term potential.

Want to find out more?
Contact us today to receive a full digital brochure, apartment floor plans, and a full investment breakdown."

Listed by

Manchester

RW Invest North Ltd

Reference: 88963902

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Price history

Event	Date	Price	% change
Listed for sale	—	£350,000	—

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
COMMERCE QUAY, 221 APARTMENT 005 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4TT	£300,000	31/03/2025	Flat
QUAY 5, 238 APARTMENT 15D ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE	£123,500	18/12/2023	Flat
QUAY 5, 236 APARTMENT 10C ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NE	£140,000	14/12/2023	Flat
BRIDGEWATER WHARF BLOCK E UNIT 405 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH	£145,000	03/11/2023	Flat
QUAY 5, 234 APARTMENT 32B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£103,500	27/10/2023	Flat
QUAY 5, 234 APARTMENT 78B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£86,000	06/10/2023	Flat
BRIDGEWATER WHARF BLOCK A UNIT 605 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH	£145,500	14/08/2023	Flat
QUAY 5, 232 APARTMENT 4A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB	£150,000	24/07/2023	Flat
WATERHOUSE APARTMENTS, 14 11 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£240,330	08/03/2023	Flat
QUAY 5, 232 APARTMENT 18A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB	£150,000	16/12/2022	Flat
QUAY 5, 232 APARTMENT 47A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB	£163,000	30/11/2022	Flat
WATERHOUSE APARTMENTS, 14 37 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£250,500	11/11/2022	Flat
WATERHOUSE APARTMENTS, 14 86 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£300,000	11/11/2022	Flat
WATERHOUSE APARTMENTS, 14 54 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£189,950	30/09/2022	Flat
WATERHOUSE APARTMENTS, 14 75 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£252,450	23/09/2022	Flat
WATERHOUSE APARTMENTS, 14 74 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£247,950	24/08/2022	Flat
WATERHOUSE APARTMENTS, 14 28 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£190,000	19/08/2022	Flat
WATERHOUSE APARTMENTS, 14 19 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£250,430	18/08/2022	Flat
QUAY 5, 234 APARTMENT 50B ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WJ	£133,000	17/08/2022	Flat
WATERHOUSE APARTMENTS, 14 82 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£257,500	22/07/2022	Flat

Area average: £190,931 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -15.2%

10y growth 31.5%

House Price Index (HM Land Registry — official index, not sold-price averages): Salford. Series: Flats and maisonettes. As of April 2026.

1y (index) -5%

5y (index) 17.3%

10y (index) 75%

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 Richmond & Hambleton: £648/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M5 3NB

Address

232 Ordsall Lane

Nearby

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

Type	Name	Distance
Bus stop	Ordsall Lane/Oldfield Road	0.1 miles
Bus stop	Oldfield Road/Ordsall lane	0.1 miles
Shop	Co-op Food	0.2 miles
Shop	Invasion	0.3 miles
Train station	Deansgate	0.9 miles
Train station	Salford Crescent	1.0 miles
Hospital	Salford Gastric Bypass Surgery	1.4 miles
University	Manchester School of Art	1.4 miles
University	University of Law	1.5 miles
Hospital	The Ailsa Craig Medical Practise	2.9 miles

Street-level crime

Category	Count
Total incidents	0

Within 1 mile during May 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
St Joseph's RC Primary School	Primary	0.4 miles	Good — 24 May 2022
Primrose Hill Primary School and Children's Centre	Primary	0.4 miles	Good — 30 Jun 2022
Oasis Academy MediaCityUK	Secondary	0.5 miles	Good — 1 Jul 2016
Old Trafford Community Academy	Primary	0.6 miles	— (Inspected (no overall grade))
St Alphonsus RC Primary School	Primary	0.7 miles	— (Inspected (no overall grade))

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
3 Bed Flat, West Craven Street, M5	£1,700/mo	3	0.32 miles	OpenRent

Average rent: £1,700/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.49%

Max investor price (0.8%) £212,500

Target investor price (1%) £170,000

Gross yield 5.8%

Cost-to-rent ratio 17.2×

Monthly cashflow £127/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 1.5%

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).