For sale Flat

15

Middlewood Street, Salford, Lancashire, M5 4YW

2 beds 2 baths Listed 31 Aug 2026 (-64d)

£240,000

Offers in Excess of

Reduced on 11 Sep 2026

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Property details

Tenure

LEASEHOLD

Last sold

£258,000

Local average

£198,614 (+20.8%)

Street crime

1 incident within 1 mile (Aug 2026)

Key features

  • Council Tax band C, Leasehold 999 years from 1 July 2018 to and including 30 June 3017
  • Service Charge is £2,873.68 per annum
  • Ground Rent is £325 per annum
  • Sought-after Middlewood Locks development
  • Two generous double bedrooms
  • Principal bedroom with en-suite shower room
  • Desirable south-facing balcony
  • Stylish open-plan living space
  • Central island with breakfast-bar seating
  • Canalside setting with excellent access to Salford Central and Manchester city centre

Description

A stylish city apartment within the sought-after Middlewood Locks development, combining contemporary finishes, a desirable south-facing balcony and superb access to Manchester city centre. An excellent choice for professionals, couples or investors seeking modern waterside living.



Positioned within the impressive Middlewood Locks development, this beautifully presented two-bedroom apartment delivers stylish contemporary living in one of Salford's most exciting waterside neighbourhoods. Finished with a modern aesthetic throughout, the property combines generous living space, two bathrooms and a south-facing balcony with an enviable location close to Manchester city centre.

At the heart of the apartment is the superb open-plan living, dining and kitchen area. Bright white walls and contemporary flooring create a clean, sophisticated finish, while large glazed doors introduce excellent natural light and open onto the south-facing balcony. There is ample room to create defined lounge and dining areas, making this an inviting space for relaxing or entertaining.

The kitchen is particularly well appointed, featuring sleek dark cabinetry contrasted by light work surfaces, integrated appliances and a central island incorporating additional preparation space and breakfast-bar seating. Its streamlined design complements the living area perfectly, creating a sociable and highly practical centrepiece to the home.

Both bedrooms are comfortable doubles with a bright, neutral finish and large windows. Built-in storage adds valuable practicality, while the principal bedroom benefits from its own contemporary en-suite shower room. A separate main bathroom is finished to an equally high standard, featuring a bath with shower above, WC, wash basin, extensive modern tiling, mirrored storage and a heated towel rail.

Double glazing and the apartment's excellent overall presentation further enhance its appeal.

Middlewood Locks itself is a major canalside neighbourhood positioned between Salford and Manchester city centre, developed around the historic Manchester, Bolton and Bury Canal. The development incorporates landscaped public spaces, waterside walking routes and cycle connections, creating an appealing balance between contemporary city living and accessible outdoor space. It is also home to everyday amenities including a Co-op, with further cafes, bars and leisure offerings within the wider neighbourhood.

The location is particularly convenient for professionals, with Spinningfields, New Bailey, Castlefield and Manchester city centre all readily accessible. Salford Central railway station is within walking distance, providing useful rail connections, while Manchester's wider tram, bus and rail network opens up straightforward travel throughout Greater Manchester and beyond.

For shopping, dining and entertainment, residents are exceptionally well placed for Manchester city centre, with its extensive selection of restaurants, bars, independent venues and major retailers. Cultural destinations including the Science and Industry Museum, Aviva Studios, Manchester Opera House and People's History Museum are also accessible from the development. The University of Salford is nearby, with Manchester Metropolitan University and the University of Manchester accessible across the city.

Green and waterside surroundings are an important part of Middlewood Locks, with landscaped areas, canal paths and pedestrian routes woven throughout the development. These provide valuable outdoor space on the doorstep while maintaining the convenience and energy of a central urban location.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.




We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.
Please call us now to book an appointment.
Call Recording
Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.
Disclaimer
Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
TENURE
To be confirmed by the Vendor's Solicitors
Note
The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.
How to View this Property
Viewing is strictly by appointment please call us now for bookings.
AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Listed by

Nationwide

Springbok Properties Ltd

Reference: 92570040

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~3,847 m² (0.95 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC

EPC

Price history

Event Date Price % change
Listed for sale — £240,000 —

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
15 APARTMENT 108 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4YW £272,500 27/03/2026 Flat
11 APARTMENT 312 LOCKSIDE LANE, SALFORD, GREATER MANCHESTER, M5 4YP £265,000 11/02/2026 Flat
BLOCK D WILBURN BASIN D 11.02 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XU £505,000 19/12/2025 Flat
BLOCK B WILBURN BASIN B 5.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XR £265,000 19/12/2025 Flat
FUSION 2, 16 APARTMENT 2 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LW £165,000 12/12/2025 Flat
FUSION 5, 10 APARTMENT 5 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LN £123,000 18/11/2025 Flat
30 APARTMENT 517 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP £190,000 20/10/2025 Flat
FUSION 9, 2 APARTMENT 23 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LH £95,000 09/05/2025 Flat
BLOCK A WILBURN BASIN A 18.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XQ £243,000 21/03/2025 Flat
30 APARTMENT 902 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ £280,000 01/10/2024 Flat
30 UNIT G03 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4LZ £239,950 05/07/2024 Flat
30 APARTMENT 312 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL £259,995 28/02/2024 Flat
30 APARTMENT 108 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZL £305,000 19/12/2023 Flat
BLOCK A WILBURN BASIN A 17.01 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XQ £282,000 18/12/2023 Flat
30 APARTMENT 712 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZP £192,995 14/12/2023 Flat
30 APARTMENT 1004 OLDFIELD ROAD, SALFORD, GREATER MANCHESTER, M5 4ZQ £194,995 30/11/2023 Flat
FUSION 6, 8 APARTMENT 20 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LN £145,000 24/11/2023 Flat
FUSION 8, 4 APARTMENT 4 MIDDLEWOOD STREET, SALFORD, GREATER MANCHESTER, M5 4LH £145,000 13/11/2023 Flat
BLOCK A WILBURN BASIN A 4.08 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XP £210,000 10/11/2023 Flat
BLOCK D WILBURN BASIN D 5.02 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4XT £179,000 10/11/2023 Flat

Area average: £227,872 (20 sales)

Capital growth trend

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

5y growth -1.8%
10y growth 14.6%

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

1y (index) -2.8%
5y (index) 9.6%
10y (index) 57.3%

Rental Range

Estimated market rent for Salford. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,056/mo
Realistic £1,173/mo
Optimistic £1,290/mo

Based on Local Authority from postcode lookup → Salford.

LHA (30th percentile) floor for Richmond & Hambleton: £549/mo (Apr 2025 – Mar 2026)

Location

Address

Middlewood Street

Nearby

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

Type Name Distance
Shop Co-op Food 0.0 miles
Shop YMCA 0.1 miles
Bus stop Oldfield Road/Liverpool Street 0.2 miles
Train station Salford Central 0.4 miles
Train station Deansgate 0.6 miles
University University of Law 1.0 miles
University Manchester Metropolitan University 1.0 miles
Hospital Salford Gastric Bypass Surgery 1.4 miles
Hospital The Ailsa Craig Medical Practise 2.8 miles

Street-level crime

Category Count
Criminal damage and arson 1
Total incidents 1

Within 1 mile during Aug 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 Philip's CofE Primary School Primary 0.2 miles Good — 19 Oct 2023
University of Salford Other 0.4 miles — (No rating)
The Cathedral School of St Peter and St John RC Primary Primary 0.6 miles Good — 10 Jul 2022
Primrose Hill Primary School and Children's Centre Primary 0.6 miles Good — 30 Jun 2022
St Joseph's RC Primary School Primary 0.7 miles Good — 24 May 2022

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, Middlewood St, M5 £1,250/mo 2 0.09 miles OpenRent
2 Bed Flat, Middlewood St, M5 £1,950/mo 2 0.16 miles OpenRent
2 Bed Flat, Craven Street, M5 £1,350/mo 2 0.2 miles OpenRent
2 Bed Flat, Middlewood Plaza, M5 £1,495/mo 2 0.21 miles OpenRent
2 Bed Flat, Novella Apartments, M3 £1,695/mo 2 0.22 miles OpenRent
2 Bed Flat, Middlewood Plaza, M5 £1,395/mo 2 0.23 miles OpenRent
2 Bed Flat, Block B, M5 £1,350/mo 2 0.26 miles OpenRent
2 Bed Flat, Block B, M5 £2,345/mo 2 0.27 miles OpenRent
2 Bed Flat, Block B, M5 £1,475/mo 2 0.27 miles OpenRent

Average rent: £1,589/mo (9 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.61%
Max investor price (0.8%) £184,375
Target investor price (1%) £147,500
Gross yield 7.4%
Cost-to-rent ratio 13.6×
Monthly cashflow £357/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 6.2%
  • 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).