# 1 bedroom apartment for sale (M3 7NG)

## Property Details

| Key | Value |
|-----|-------|
| Address | 89 - 91, GREENGATE, SALFORD, GREATER MANCHESTER M3 7NG |
| Price | £299,950 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £14,000 Dec 1999 |

## Description

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

DESCRIPTION 

The development & investment opportunity

Embankment Exchange offers investors both accessibility and strong performance potential. Manchester is one of the UK's fastest-growing cities, driven largely by exceptional tenant demand, major regeneration, and robust capital growth forecasts.

The location

Located within Manchester's rapidly evolving Greengate regeneration zone, this landmark development brings world-class residential living to the city centre. Inspired by the famous New York skyscrapers, the building forms part of a £1bn new skyrise district and offers an exceptional range of 5* amenities, including a luxury pool, spa, state-of-the-art gym, bar, and dedicated concierge services.

The apartments

Designed to an ultra-modern spec, each apartment features premium flooring, expansive windows with stunning skyline views, and a fully fitted contemporary kitchen. The development also provides comprehensive management services, ensuring a fully hands-off experience for investors. 

Want to find out more?

Enquire today to receive a full digital brochure, apartment floor plans, and a full investment breakdown."

## Property Photos

- ![Photo](/listings/photos/173827145/100130)
- ![Photo](/listings/photos/173827145/100131)
- ![Photo](/listings/photos/173827145/100132)
- ![Photo](/listings/photos/173827145/100133)
- ![Photo](/listings/photos/173827145/100134)
- ![Photo](/listings/photos/173827145/100135)
- ![Photo](/listings/photos/173827145/100136)
- ![Photo](/listings/photos/173827145/100137)
- ![Photo](/listings/photos/173827145/100138)
- ![Photo](/listings/photos/173827145/100139)

## Floorplans

- ![Floorplan 1](/listings/photos/173827145/100140) - Floorplan 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 89 - 91 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NG | £14,000 | 03/12/1999 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| ABITO, 85 APARTMENT 627 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £120,000 | 19/12/2025 | Flat |
| ABITO, 85 APARTMENT 204 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £115,000 | 17/12/2025 | Flat |
| ABITO, 85 APARTMENT 111 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 16/12/2025 | Flat |
| ABITO, 85 APARTMENT 209 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 10/12/2025 | Flat |
| ABITO, 85 APARTMENT 828 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £115,000 | 08/12/2025 | Flat |
| ABITO, 85 APARTMENT 601 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £146,000 | 16/07/2025 | Flat |
| ABITO, 85 APARTMENT 716 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £110,000 | 07/02/2025 | Flat |
| SORTING OFFICE BUILDING, 7 APARTMENT 46 MIRABEL STREET, MANCHESTER, GREATER MANCHESTER, M3 1NJ | £250,000 | 06/12/2024 | Flat |
| ABITO, 85 APARTMENT 209 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £94,000 | 25/11/2024 | Flat |
| ABITO, 85 APARTMENT 322 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 30/07/2024 | Flat |
| ABITO, 85 APARTMENT 820 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £145,000 | 20/10/2023 | Flat |
| ABITO, 85 APARTMENT 714 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NE | £140,000 | 06/10/2023 | Flat |
| ABITO, 85 APARTMENT 414 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £133,000 | 22/09/2023 | Flat |
| ABITO, 85 APARTMENT 620 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £138,000 | 21/08/2023 | Flat |
| ABITO, 85 APARTMENT 320 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £147,000 | 18/08/2023 | Flat |
| SORTING OFFICE BUILDING, 7 APARTMENT 52 MIRABEL STREET, MANCHESTER, GREATER MANCHESTER, M3 1NJ | £280,000 | 14/07/2023 | Flat |
| ABITO, 85 APARTMENT 411 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £100,000 | 21/06/2023 | Flat |
| ABITO, 85 APARTMENT 319 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £119,000 | 16/06/2023 | Flat |
| ABITO, 85 APARTMENT 530 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7ND | £115,000 | 06/04/2023 | Flat |
| ABITO, 85 APARTMENT 229 GREENGATE, SALFORD, GREATER MANCHESTER, M3 7NB | £110,000 | 28/03/2023 | Flat |

**Area average:** £135,350 (20 sales)

## Price vs local average

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

- **Local average:** £285,168 (345 Flat, M3, 2024–2026)
- **Deviation:** +5.2%

## 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 |
|------|------|------|------|------|
| Studio Flat, Abito, M3 | £1,000/mo | 1 | 0.03 miles | OpenRent |
| 1 Bed Flat, Block C, M3 | £1,295/mo | 1 | 0.06 miles | OpenRent |
| 1 Bed Flat, Blackfriars Road, M3 | £1,000/mo | 1 | 0.15 miles | OpenRent |
| Studio Flat, Citysuites, M3 | £1,300/mo | 1 | 0.19 miles | OpenRent |
| Studio Flat, Chapel Street, M3 | £1,300/mo | 1 | 0.19 miles | OpenRent |

**Average rent: £1,179/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.43% (weak for cashflow)
- **Max investor price (0.8%):** £161,875
- **Target investor price (1%):** £129,500

*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 £1,295/mo).*

- **Gross yield:** 5.2%
- **Cost-to-rent:** 19.3×
- **Monthly cashflow:** £-41/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -0.6%

*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:** -3.8%
- **10y growth:** 27.8%

## 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)