# 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? Contact us today to receive a full digital brochure, apartment floor plans, and a full investment breakdown." ## 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 86 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £300,000 | 11/11/2022 | Flat | | WATERHOUSE APARTMENTS, 14 37 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £250,500 | 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:** £198,265 (77 Flat, M5, 2024–2026) - **Deviation:** +76.5% ## 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 ## 1% Rule - **Rent ratio:** 0.33% (weak for cashflow) - **Max investor price (0.8%):** £145,250 - **Target investor price (1%):** £116,200 *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 Area rent estimate.* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -13.6% - **10y growth:** 30.6% ## 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)