# 2 bedroom apartment for sale (M50 3XW) ## Property Details | Key | Value | |-----|-------| | Address | Salford Quay, Salford, M50 3XW | | Price | £272,000 | | Bedrooms | 2 | | Bathrooms | 2 | ## Description *** Your Perfect Home: Salford Quay *** Close to tram | Private balcony | Concierge service | Spacious layout | Rooftop Garden Experience contemporary living in the heart of Salford Quay, a vibrant waterfront community just moments from MediaCity, The Lowry and the University of Salford. This modern development offers a stunning collection of 1, 2 and 3-bedroom apartments, each designed with high-spec finishes, open-plan layouts, and access to on-site concierge services and a landscaped communal roof terrace. Key Features: - 5-min walk to Metrolink; 13-min to City centre - Roof top garden: views of Manchester's skyline - Concierge + lockable cycle storage - Near to tram station & shopping mall - Perfect for buy-to-let investors How We Can Help: Rothmore Property is a multi-award-winning agency, named "Best Estate Agency Single Office in Greater Manchester" and "Best Estate Agency Single Office in the United Kingdom" at the International Property Awards 2024-2025. Our dedicated team is here to support both first-time buyers and investors every step of the way. Looking for other premium investment opportunities? Contact us today to explore over 60+ new build developments in London and across the UK. *All property images are for illustrative purposes only. ## Property Photos - ![Salford Quays - 3.jpg](/listings/photos/174543425/195618) - Salford Quays - 3.jpg - ![Salford Quays - 8.jpg](/listings/photos/174543425/195619) - Salford Quays - 8.jpg - ![Salford Quays - 4.jpg](/listings/photos/174543425/195620) - Salford Quays - 4.jpg - ![Salford Quays - 6.jpg](/listings/photos/174543425/195621) - Salford Quays - 6.jpg - ![Salford Quays - 5.jpg](/listings/photos/174543425/195622) - Salford Quays - 5.jpg - ![Salford Quays - 1.jpg](/listings/photos/174543425/195623) - Salford Quays - 1.jpg - ![Salford Quays - 2.jpg](/listings/photos/174543425/195624) - Salford Quays - 2.jpg - ![Salford Quays - 7.jpg](/listings/photos/174543425/195625) - Salford Quays - 7.jpg - ![Salford Quays - 9.jpg](/listings/photos/174543425/195626) - Salford Quays - 9.jpg ## Floorplans - ![Salford Quays - 2-bed (type CC) - Floorplan.png](/listings/photos/174543425/195627) - Salford Quays - 2-bed (type CC) - Floorplan.png ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | THE EXCHANGE, 8 APARTMENT 215 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3NQ | £150,000 | 19/12/2025 | Flat | | X Q 7 BUILDING APARTMENT 1121 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FY | £172,500 | 16/12/2025 | Flat | | ENDEAVOUR HOUSE, 1B APARTMENT 263 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3LN | £137,500 | 19/11/2025 | Flat | | X Q 7 BUILDING APARTMENT 500 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FN | £50,000 | 29/10/2025 | Flat | | 12 TROY WALK, SALFORD, GREATER MANCHESTER, M5 3DF | £128,000 | 07/08/2025 | Flat | | ADAMSON HOUSE, 4 APARTMENT 38 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DL | £180,102 | 04/12/2023 | Flat | | EGERTON HOUSE, 3 APARTMENT 36 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DH | £175,000 | 20/10/2023 | Flat | | ADAMSON HOUSE, 4 APARTMENT 4 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DL | £170,000 | 06/10/2023 | Flat | | WALKER HOUSE, 6 APARTMENT 43 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £163,000 | 28/07/2023 | Flat | | GILBERT HOUSE, 2 APARTMENT 11 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DE | £180,000 | 03/05/2023 | Flat | | WALKER HOUSE, 6 APARTMENT 32 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £170,000 | 16/02/2023 | Flat | | WALKER HOUSE, 6 APARTMENT 5 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £171,250 | 09/12/2022 | Flat | | GILBERT HOUSE, 2 APARTMENT 43 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DE | £208,000 | 25/11/2022 | Flat | | PLATT HOUSE, 5 APARTMENT 30 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DR | £188,000 | 18/11/2022 | Flat | | GILBERT HOUSE, 2 APARTMENT 34 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DE | £203,000 | 11/11/2022 | Flat | | WALKER HOUSE, 6 APARTMENT 2 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DU | £195,000 | 14/10/2022 | Flat | | ADAMSON HOUSE, 4 APARTMENT 44 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DL | £182,000 | 14/10/2022 | Flat | | X Q 7 BUILDING APARTMENT 1123 TAYLORSON STREET SOUTH, SALFORD, GREATER MANCHESTER, M5 3FY | £165,000 | 04/10/2022 | Flat | | EGERTON HOUSE, 3 APARTMENT 6 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DH | £160,000 | 30/09/2022 | Flat | | 15 APARTMENT 916 TRAFFORD ROAD, SALFORD, GREATER MANCHESTER, M5 3NW | £230,000 | 29/09/2022 | Flat | **Area average:** £168,918 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £204,425 (51 Flat, M50, 2024–2026) - **Deviation:** +33.1% ## 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 Penthouse, Merchants Quay, M50 | £1,400/mo | 2 | 0.21 miles | OpenRent | | 2 Bed Flat, Wharf End, M17 | £1,300/mo | 2 | 0.35 miles | OpenRent | **Average rent: £1,350/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.5% (weak for cashflow) - **Max investor price (0.8%):** £168,750 - **Target investor price (1%):** £135,000 *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 £1,350/mo).* - **Gross yield:** 6% - **Cost-to-rent:** 16.8× - **Monthly cashflow:** £119/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 1.8% *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:** 10.2% - **10y growth:** 44.7% ## 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)