# 2 bedroom property for sale (M3 6GL) ## Property Details | Key | Value | |-----|-------| | Address | 614, ADELPHI WHARF 3, 7, ADELPHI STREET, SALFORD, GREATER MANCHESTER M3 6GL | | Price | £140,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Last sold | £130,000 Feb 2025 | ## Description Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £140,000 Qube Residential are delighted to bring to the market this very well proportioned two bedroom apartment located at the ever popular and highly sought after Adelphi Wharf development. The apartment offers spacious living accommodation with 702sq ft. The apartment is situated on the fifth floor and comprises large 'L' shaped entrance hall, open plan lounge/dining area opening onto a modern fully fitted and integrated kitchen, two double bedrooms with master having en-suite shower room, family bathroom, and secure underground parking. The development will offer owners and tenants a peaceful waterfront retreat from hectic urban life, but at the same time be close enough to the cities of Salford and Manchester that the exciting lifestyle on offer there is within easy reach. The local area has a great range of amenities and a full range of public transport options are close by. The apartment is ideal for investors and home owners alike. Currently tenanted and producing an excellent yield. Early viewings are recommended to fully appreciate the full potential of this wonderful property. Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments. In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services. Service Charge: £2,396.38 PA (At time of Advertising) Ground Rent: £300 PA Lease Length 250 Years From 2016 Tenanted until 03/06/2026 @ £1,050 PCM ## Property Photos - ![Picture No. 06](/listings/photos/155376278/335703) - Picture No. 06 - ![Picture No. 03](/listings/photos/155376278/335707) - Picture No. 03 - ![Picture No. 02](/listings/photos/155376278/335710) - Picture No. 02 - ![Picture No. 04](/listings/photos/155376278/335713) - Picture No. 04 - ![Picture No. 07](/listings/photos/155376278/335716) - Picture No. 07 - ![Picture No. 08](/listings/photos/155376278/335719) - Picture No. 08 - ![Picture No. 13](/listings/photos/155376278/335723) - Picture No. 13 - ![Picture No. 14](/listings/photos/155376278/335727) - Picture No. 14 - ![Picture No. 16](/listings/photos/155376278/335729) - Picture No. 16 - ![Picture No. 11](/listings/photos/155376278/335731) - Picture No. 11 - ![Picture No. 12](/listings/photos/155376278/335734) - Picture No. 12 - ![Picture No. 17](/listings/photos/155376278/335739) - Picture No. 17 - ![Picture No. 10](/listings/photos/155376278/335740) - Picture No. 10 - ![Picture No. 05](/listings/photos/155376278/335742) - Picture No. 05 ## Floorplans - ![Floorplan](/listings/photos/155376278/335744) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/155376278/335747) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | ADELPHI WHARF 3, 7 614 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GL | £130,000 | 27/02/2025 | Flat | | ADELPHI WHARF 3, 7 614 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GL | £199,995 | 28/06/2016 | 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 | |---------|-------|------|------| | ADELPHI WHARF 2, 9 APARTMENT 303 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6FZ | £140,000 | 20/03/2023 | Other | | ADELPHI WHARF PHASE 3 UNIT 3 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6EN | £30,000 | 11/03/2022 | Other | | CAR PARKING SPACES WILTON PLACE, SALFORD, GREATER MANCHESTER, M3 6WP | £327,916 | 10/03/2022 | Other | | ADELPHI WHARF 3, 7 120 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GH | £173,500 | 09/03/2022 | Other | | ADELPHI WHARF 3, 7 421 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GJ | £115,000 | 10/11/2021 | Other | | ADELPHI WHARF 3, 7 330 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GJ | £210,000 | 06/09/2021 | Other | | ADELPHI WHARF 2, 9 501 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GG | £220,000 | 20/08/2021 | Other | | ADELPHI WHARF 3, 7 421 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GJ | £71,296 | 13/08/2021 | Other | | ADELPHI WHARF 2, 9 508 ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GG | £76,480 | 13/08/2021 | Other | | ADELPHI WHARF 3, 7 UNIT ADELPHI STREET, SALFORD, GREATER MANCHESTER, M3 6GH | £274,600 | 26/07/2021 | Other | **Area average:** £163,879 (10 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £1,232,571 (7 Other, M3, 2024–2026) - **Deviation:** -88.6% ## 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):** £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, Block C, M5 | £1,450/mo | 2 | 0.18 miles | OpenRent | **Average rent: £1,450/mo (1 listing)** ## 1% Rule - **Rent ratio:** 1.04% (strong) - **Max investor price (0.8%):** £181,250 - **Target investor price (1%):** £145,000 *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 £1,450/mo).* - **Gross yield:** 12.4% - **Cost-to-rent:** 8× - **Monthly cashflow:** £729/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 21.5% *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:** 35.8% - **10y growth:** 1657.5% ## House Price Index (HM Land Registry) *Official index for Salford; All dwelling types series; as of March 2026.* - **1y growth (index):** -2.9% - **5y growth (index):** 19.1% - **10y growth (index):** 86.8% ## 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)