# 1 bedroom apartment for sale (M3 7FL) ## Property Details | Key | Value | |-----|-------| | Address | Local Blackfriars, M3, M3 7FL | | Price | £199,950 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | C | ## Description Local Blackfriars is an exclusive development located within close proximity to Manchester City Centre. The apartment is within a short 5 minute stroll away from the central retail district and local transport links such as Victoria Train Station. The development itself offers a range of facilities such as a 24/7 concierge, bistro bar, gymnasium, yoga and dance studio, cinema room, laundrette and a beautifully appointed communal courtyard. Perfectly situated in the heart of Manchester, LOCAL Blackfriars' luxury apartments comprises lavish designs, exciting amenities, and unparalleled comfort. This beautifully designed one bedroom apartment has been created to merge functionality with opulence, a vision that is suitable for a range of discerning clients . This development is also small pet friendly. This one-bedroom apartment has been completed to a high specification throughout and is arranged to include an open plan reception area which incorporates a contemporary kitchen with high gloss kitchen units, feature lighting and integrated appliances. The sitting room is flooded with natural light and has access to private balcony overlooking the communal courtyard. To the bedroom there are fitted wardrobes along and a stylish En-Suite bathroom. No Onward Chain. Additional Information Service Charge: circa £2,280.04 per annum Ground Rent: circa £350 per annum Building Insurance: circa £394.26 per annum Tenure: Leasehold **Service Charge ** £2,280.04 **Ground Rent ** £350 ## Property Photos - ![ (Main)](/listings/photos/88478451/391433) - (Main) - ![Other](/listings/photos/88478451/391434) - Other - ![Other](/listings/photos/88478451/391435) - Other - ![Other](/listings/photos/88478451/391436) - Other - ![Other](/listings/photos/88478451/391437) - Other - ![Other](/listings/photos/88478451/391438) - Other - ![Other](/listings/photos/88478451/391439) - Other - ![Other](/listings/photos/88478451/391440) - Other - ![Other](/listings/photos/88478451/391441) - Other - ![Other](/listings/photos/88478451/391442) - Other - ![Other](/listings/photos/88478451/391443) - Other - ![Other](/listings/photos/88478451/391444) - Other - ![Other](/listings/photos/88478451/391445) - Other - ![Other](/listings/photos/88478451/391446) - Other ## Floorplans - ![Other](/listings/photos/88478451/391447) - Other ## EPC Graphs - ![Other](/listings/photos/88478451/391448) - Other ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | BLOCK A, 54 APARTMENT 507 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7FW | £272,500 | 21/08/2025 | Flat | | BLOCK 9 SPECTRUM APARTMENT 480 BLACKFRIARS ROAD, SALFORD, GREATER MANCHESTER, M3 7DZ | £155,000 | 14/12/2023 | Flat | | QUEBEC BUILDING APARTMENT 228 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DU | £155,963 | 30/11/2023 | Flat | | QUEBEC BUILDING APARTMENT 219 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DY | £150,000 | 28/09/2023 | Flat | | QUEBEC BUILDING APARTMENT 509 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DX | £170,000 | 18/09/2023 | Flat | | BLOCK A, 54 APARTMENT 1210 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7FL | £220,000 | 14/09/2023 | Flat | | BLOCK B, 56 APARTMENT 707 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7GA | £206,000 | 23/05/2023 | Flat | | QUEBEC BUILDING APARTMENT 422 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DU | £137,000 | 25/04/2023 | Flat | | BLOCK B, 56 APARTMENT 214 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DA | £198,000 | 24/02/2023 | Flat | | BLOCK B, 56 APARTMENT 507 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DA | £187,500 | 04/11/2022 | Flat | | 14 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £395,000 | 28/10/2022 | Flat | | QUEBEC BUILDING APARTMENT 16 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7DX | £142,000 | 27/10/2022 | Flat | | 50 APARTMENT 50 QUEEN STREET, SALFORD, GREATER MANCHESTER, M3 7DQ | £321,777 | 19/10/2022 | Flat | | BLOCK A, 54 APARTMENT 903 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7FL | £270,000 | 07/10/2022 | Flat | | 16 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £400,000 | 19/08/2022 | Flat | | 12 NATHAN DRIVE, SALFORD, GREATER MANCHESTER, M3 6BA | £140,000 | 12/08/2022 | Flat | | 10 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £368,000 | 06/05/2022 | Flat | | BLOCK B, 56 APARTMENT 1205 BURY STREET, SALFORD, GREATER MANCHESTER, M3 7GB | £255,000 | 25/03/2022 | Flat | | 14 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £338,386 | 11/02/2022 | Flat | | 16 GARDEN LANE, SALFORD, GREATER MANCHESTER, M3 7FJ | £361,760 | 11/02/2022 | Flat | **Area average:** £242,194 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £285,168 (345 Flat, M3, 2024–2026) - **Deviation:** -29.9% ## 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):** £773/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 | |------|------|------|------|------| | 1 Bed Flat, Quebec Building, M3 | £995/mo | 1 | 0.05 miles | OpenRent | **Average rent: £995/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.5% (weak for cashflow) - **Max investor price (0.8%):** £124,375 - **Target investor price (1%):** £99,500 *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 £995/mo).* - **Gross yield:** 6% - **Cost-to-rent:** 16.7× - **Monthly cashflow:** £83/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 1.7% *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:** -2.4% - **10y growth:** 32% ## 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)