Sold Flat

Completed Manchester Apartment

M5 3NQ

1 beds 1 baths Listed 23 Mar 2026 (-82d)

£249,950

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# 1 bedroom apartment for sale (M5 3NQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | Completed Manchester Apartment, M5 3NQ |
| Price | £249,950 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £130,000 |

## Description

"This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers

DESCRIPTION

The investment

This fully completed development in Salford Quays offers investors the potential opportunity to earn immediate rental income from day one. Strong long-term capital growth is anticipated in this area, with Manchester remaining one of the UK's most consistently high-performing property markets.

The location

Perfectly positioned in the heart of Salford Quays, one of the UK's largest and most successful regeneration zones, this development sits moments from major employment hubs, including MediaCityUk - home to global names like the BBC and ITV. Residents can also benefit from excellent nearby transport links, vibrant local amenities, and scenic waterfront surroundings. With continuous regional investment and thousands of jobs created each year as a result, rental demand in Salford Quays remains exceptionally strong.

The apartments

Each apartment is finished to a luxury spec, featuring bespoke interior design, premium furnishings, and expansive windows with stunning waterfront views. Modern integrated kitchens, high-quality flooring, and stylish open-plan layouts create an attractive living environment that perfectly suits Manchester's growing population of professional renters seeking both comfort and convenience.

The development

This high-end residential scheme combines contemporary architecture with a premium lifestyle offering. Residents can enjoy access to an impressive range of on-site amenities designed to enhance both comfort and wellbeing in one of Manchester's most desirable neighbourhoods.

Want to find out more?

## Property Photos

- ![Photo](/listings/photos/87738657/88482)
- ![Photo](/listings/photos/87738657/88483)
- ![Photo](/listings/photos/87738657/88484)
- ![Photo](/listings/photos/87738657/88485)
- ![Photo](/listings/photos/87738657/88486)
- ![Photo](/listings/photos/87738657/88487)
- ![Photo](/listings/photos/87738657/88488)
- ![Photo](/listings/photos/87738657/88489)
- ![Photo](/listings/photos/87738657/88490)
- ![Photo](/listings/photos/87738657/88491)

## Floorplans

- ![Floorplan 1](/listings/photos/87738657/88492) - Floorplan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £130,000 | 01/01/2016 | — |
|  | £153,500 | 01/01/2016 | — |

## 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 |
| ENDEAVOUR HOUSE, 1B APARTMENT 263 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3LN | £137,500 | 19/11/2025 | 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 |
| DOCK OFFICE APARTMENT 61 FURNESS QUAY, SALFORD, GREATER MANCHESTER, M50 3AA | £360,000 | 30/10/2023 | 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 |
| 15 RADCLYFFE MEWS, SALFORD, GREATER MANCHESTER, M5 3GD | £178,000 | 03/03/2023 | 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 |
| 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 |
| PLATT HOUSE, 5 APARTMENT 19 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DR | £206,000 | 26/07/2022 | Flat |

**Area average:** £186,743 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £206,700 (69 Flat, M5, 2024–2026)
- **Deviation:** +20.9%

## 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 Richmond & Hambleton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £449/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, Ordsall Lane, M5 | £1,100/mo | 1 | 0.34 miles | OpenRent |
| 1 Bed Flat, The Quays, M50 | £1,250/mo | 1 | 0.36 miles | OpenRent |
| 1 Bed Flat, Wharf End, M17 | £1,175/mo | 1 | 0.39 miles | OpenRent |

**Average rent: £1,175/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.47% (weak for cashflow)
- **Max investor price (0.8%):** £146,875
- **Target investor price (1%):** £117,500

*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 £1,175/mo).*

- **Gross yield:** 5.6%
- **Cost-to-rent:** 17.7×
- **Monthly cashflow:** £48/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 0.8%

*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:** -1.8%
- **10y growth:** 30.4%

## 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)

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Property details

Last sold

£130,000

Local average

£206,700 (+20.9%)

Street crime

1 incident within 1 mile (Apr 2026)

Key features

Completed 1-Bed Apartment in Major Investment Zone
Earn 6% Rental Returns
Bespoke Interior Design
Premium Amenities
28.8% Projected Capital Appreciation
Below Market Value Price
Manchester Waterfront Location
Multi-Award-Winning Developer
Onsite Rental Company
Enquire Now to Receive Info Pack and Financial Breakdown

Description

"This Property is Suitable for Buy-to-Let Investments & Owner-Occupiers

DESCRIPTION

The investment
This fully completed development in Salford Quays offers investors the potential opportunity to earn immediate rental income from day one. Strong long-term capital growth is anticipated in this area, with Manchester remaining one of the UK's most consistently high-performing property markets.

The location
Perfectly positioned in the heart of Salford Quays, one of the UK's largest and most successful regeneration zones, this development sits moments from major employment hubs, including MediaCityUk - home to global names like the BBC and ITV. Residents can also benefit from excellent nearby transport links, vibrant local amenities, and scenic waterfront surroundings. With continuous regional investment and thousands of jobs created each year as a result, rental demand in Salford Quays remains exceptionally strong.

The apartments
Each apartment is finished to a luxury spec, featuring bespoke interior design, premium furnishings, and expansive windows with stunning waterfront views. Modern integrated kitchens, high-quality flooring, and stylish open-plan layouts create an attractive living environment that perfectly suits Manchester's growing population of professional renters seeking both comfort and convenience.

The development
This high-end residential scheme combines contemporary architecture with a premium lifestyle offering. Residents can enjoy access to an impressive range of on-site amenities designed to enhance both comfort and wellbeing in one of Manchester's most desirable neighbourhoods.

Want to find out more?
Contact us today to receive a full digital brochure, apartment floor plans, and a full investment breakdown."

Listed by

Manchester

RW Invest North Ltd

Reference: 87738657

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Price history

-15% since 2016

Event	Date	Price	% change
Sold	01/01/2016 (10 years ago)	£130,000	-15.3%
Sold	01/01/2016 (10 years ago)	£153,500	—

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
THE EXCHANGE, 8 APARTMENT 215 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3NQ	£150,000	19/12/2025	Flat
ENDEAVOUR HOUSE, 1B APARTMENT 263 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3LN	£137,500	19/11/2025	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
DOCK OFFICE APARTMENT 61 FURNESS QUAY, SALFORD, GREATER MANCHESTER, M50 3AA	£360,000	30/10/2023	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
15 RADCLYFFE MEWS, SALFORD, GREATER MANCHESTER, M5 3GD	£178,000	03/03/2023	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
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
PLATT HOUSE, 5 APARTMENT 19 ELMIRA WAY, SALFORD, GREATER MANCHESTER, M5 3DR	£206,000	26/07/2022	Flat

Area average: £186,743 (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 30.4%

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

1y (index) -5.6%

5y (index) 11%

10y (index) 71.5%

Rental Range

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

Low £1,046/mo

Realistic £1,162/mo

Optimistic £1,278/mo

Based on Local Authority from postcode lookup → Salford.

LHA (30th percentile) floor for Richmond & Hambleton: £449/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View M5 3NQ

Address

8 Elmira Way

Nearby

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

Type	Name	Distance
Bus stop	Trafford Road/Elmira Way	0.0 miles
Bus stop	Trafford Road/Merchants Quay	0.0 miles
Shop	Tesco Express	0.1 miles
Shop	Asda Express	0.1 miles
University	University of Salford	0.6 miles
Train station	Salford Crescent	1.1 miles
Hospital	Salford Gastric Bypass Surgery	1.2 miles
Train station	Deansgate	1.3 miles
Hospital	Braeburn House	1.7 miles

Street-level crime

Category	Count
Violence and sexual offences	1
Total incidents	1

Within 1 mile during Apr 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
Thompsons Academy trading as Navigators	Other	0.3 miles	— (No rating)
Oasis Academy MediaCityUK	Secondary	0.3 miles	Good — 1 Jul 2016
St Joseph's RC Primary School	Primary	0.4 miles	Good — 24 May 2022
Primrose Hill Primary School and Children's Centre	Primary	0.5 miles	Good — 30 Jun 2022
AldridgeUTC@MediaCityUK	Secondary	0.7 miles	Good — 27 Apr 2023

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, Ordsall Lane, M5	£1,100/mo	1	0.34 miles	OpenRent
1 Bed Flat, The Quays, M50	£1,250/mo	1	0.36 miles	OpenRent
1 Bed Flat, Wharf End, M17	£1,175/mo	1	0.39 miles	OpenRent

Average rent: £1,175/mo (3 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.47%

Max investor price (0.8%) £146,875

Target investor price (1%) £117,500

Gross yield 5.6%

Cost-to-rent ratio 17.7×

Monthly cashflow £48/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 0.8%

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).