Sold Flat

Merchants Wharf

Manchester, M5 4WA

1 beds 1 baths Listed 27 Apr 2026 (-26d)

£279,950

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# 1 bedroom apartment for sale (M5 4WA)

## Property Details

| Key | Value |
|-----|-------|
| Address | Merchants Wharf, Manchester, M5 4WA |
| Price | £279,950 |
| Bedrooms | 1 |
| Bathrooms | 1 |

## Description

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

DESCRIPTION

The investment

This is an attractive opportunity for investors seeking strong and reliable performance in the heart of one of Manchester's most quickly evolving areas.

The location

Positioned in a historically significant district once home to Manchester's renowned dyeworks industry, the area has now evolved into a thriving residential hotspot undergoing transformative regeneration. The development benefits from outstanding connectivity to MediaCityUK, Deansgate, Spinningfields, and the vibrant waterside bar and restaurant scene. This strategic location places residents right at the heart of major employment, leisure, and lifestyle hubs, making it especially attractive to the city's growing population of young professionals.

The apartments

These apartments exude luxury living throughout, complete with walk-in wardrobes, premium materials, and contemporary interior design. High-end fixtures, modern layouts, and carefully considered detailing ensure maximum comfort and aesthetic appeal - ideal for tenants seeking a stylish, high-quality home close to the city's key districts.

The development

Crafted to an exceptionally high standard by the award-winning Legacie, this development delivers a blend of striking architecture and premium on-site features. As the area continues to attract new investment and regeneration funding, demand for high-quality accommodation is rising quickly, putting this scheme in a prime spot to benefit.

Want to find out more?

## Property Photos

- ![Photo](/listings/photos/174970868/252209)
- ![Photo](/listings/photos/174970868/252210)
- ![Photo](/listings/photos/174970868/252211)
- ![Photo](/listings/photos/174970868/252212)
- ![Photo](/listings/photos/174970868/252213)
- ![Photo](/listings/photos/174970868/252214)
- ![Photo](/listings/photos/174970868/252215)
- ![Photo](/listings/photos/174970868/252216)
- ![Photo](/listings/photos/174970868/252217)

## Floorplans

- ![Floorplan 1](/listings/photos/174970868/252218) - Floorplan 1

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE | £143,000 | 04/11/2025 | Flat |
| RENOLDS HOUSE APARTMENT 40 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £80,000 | 23/10/2025 | Flat |
| COMMERCE QUAY, 221 APARTMENT 005 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4TT | £300,000 | 31/03/2025 | Flat |
| BRIDGEWATER POINT APARTMENT 705 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YB | £158,000 | 07/02/2025 | Flat |
| 7 APARTMENT 122 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £177,000 | 15/12/2023 | Flat |
| RENOLDS HOUSE APARTMENT 19 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £153,000 | 01/12/2023 | Flat |
| BRIDGEWATER WHARF BLOCK E UNIT 405 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH | £145,000 | 03/11/2023 | Flat |
| 7 APARTMENT 806 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YF | £175,000 | 13/10/2023 | Flat |
| 7 APARTMENT 111 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £212,000 | 12/10/2023 | Flat |
| 7 APARTMENT 120 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £210,000 | 29/09/2023 | Flat |
| 7 APARTMENT 410 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE | £150,000 | 12/09/2023 | Flat |
| 7 APARTMENT 706 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YF | £176,000 | 21/08/2023 | Flat |
| BRIDGEWATER WHARF BLOCK A UNIT 605 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH | £145,500 | 14/08/2023 | Flat |
| QUAY 5, 232 APARTMENT 4A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB | £150,000 | 24/07/2023 | Flat |
| 7 APARTMENT 211 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD | £210,000 | 11/07/2023 | Flat |
| WATERHOUSE APARTMENTS, 14 11 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ | £240,330 | 08/03/2023 | Flat |
| BRIDGEWATER POINT APARTMENT 426 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YB | £162,500 | 07/03/2023 | Flat |
| BRIDGEWATER POINT APARTMENT G01 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YA | £113,500 | 17/02/2023 | Flat |
| RENOLDS HOUSE APARTMENT 32 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB | £141,000 | 08/02/2023 | Flat |
| SLATER HOUSE APARTMENT 47 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4UE | £180,000 | 22/12/2022 | Flat |

**Area average:** £171,092 (20 sales)

## Price vs local average

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

- **Local average:** £207,092 (68 Flat, M5, 2024–2026)
- **Deviation:** +35.2%

## 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 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 | £1,150/mo | 1 | 0.01 miles | OpenRent |
| 1 Bed Flat, Ordsall Lane, M5 | £1,250/mo | 1 | 0.04 miles | OpenRent |
| 1 Bed Penthouse, Ordsall Lane, M5 | £1,125/mo | 1 | 0.14 miles | OpenRent |
| 1 Bed Flat, Hulton Street, M5 | £1,200/mo | 1 | 0.25 miles | OpenRent |
| 1 Bed Flat, Silkbank Wharf, M5 | £1,200/mo | 1 | 0.25 miles | OpenRent |
| 1 Bed Flat, Cleworth St, M15 | £1,000/mo | 1 | 0.31 miles | OpenRent |
| 1 Bed Flat, Timber Wharf, M15 | £1,050/mo | 1 | 0.33 miles | OpenRent |
| 1 Bed Flat, Regent Road, M3 | £1,150/mo | 1 | 0.34 miles | OpenRent |
| 1 Bed Flat, Pomona Strand Old Trafford, M16 | £1,000/mo | 1 | 0.47 miles | OpenRent |

**Average rent: £1,125/mo (9 listings)**

## 1% Rule

- **Rent ratio:** 0.41% (weak for cashflow)
- **Max investor price (0.8%):** £143,750
- **Target investor price (1%):** £115,000

*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 £1,150/mo).*

- **Gross yield:** 4.9%
- **Cost-to-rent:** 20.3×
- **Monthly cashflow:** £-92/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -1.4%

*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:** -22.1%
- **10y growth:** 32.6%

## House Price Index (HM Land Registry)

*Official index for Salford; Flats and maisonettes series; as of February 2026.*

- **1y growth (index):** -1.1%
- **5y growth (index):** 16.4%
- **10y growth (index):** 72.2%

## 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

Local average

£207,092 (+35.2%)

Street crime

6 incidents within 1 mile (Mar 2026)

Key features

Own a Stunning New-Build Manchester Apartment in Prime Location
Up to 6.5% Projected Rental Return
Premium Amenities - Gym, Residents' Lounge, Concierge and More
Floor to Ceiling Windows
Below Market Value Price
Payment Plan Available
Ideal for Young Professional Renter Demographic
New-Build Development from 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 is an attractive opportunity for investors seeking strong and reliable performance in the heart of one of Manchester's most quickly evolving areas.

The location
Positioned in a historically significant district once home to Manchester's renowned dyeworks industry, the area has now evolved into a thriving residential hotspot undergoing transformative regeneration. The development benefits from outstanding connectivity to MediaCityUK, Deansgate, Spinningfields, and the vibrant waterside bar and restaurant scene. This strategic location places residents right at the heart of major employment, leisure, and lifestyle hubs, making it especially attractive to the city's growing population of young professionals.

The apartments
These apartments exude luxury living throughout, complete with walk-in wardrobes, premium materials, and contemporary interior design. High-end fixtures, modern layouts, and carefully considered detailing ensure maximum comfort and aesthetic appeal - ideal for tenants seeking a stylish, high-quality home close to the city's key districts.

The development
Crafted to an exceptionally high standard by the award-winning Legacie, this development delivers a blend of striking architecture and premium on-site features. As the area continues to attract new investment and regeneration funding, demand for high-quality accommodation is rising quickly, putting this scheme in a prime spot to benefit.

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: 174970868

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
Apartment 001, Commerce Quay, 221 Ordsall Lane, Salford	69	69	64 m²	—	Flat
Apartment 002, Commerce Quay, 221 Ordsall Lane, Salford	74	74	43 m²	—	Flat
Apartment 003, Commerce Quay, 221 Ordsall Lane, Salford	74	74	43 m²	—	Flat
Apartment 101, Commerce Quay, 221 Ordsall Lane, Salford	74	74	60 m²	—	Flat
Apartment 102, Commerce Quay, 221 Ordsall Lane, Salford	79	79	64 m²	—	Flat
Apartment 103, Commerce Quay, 221 Ordsall Lane, Salford	81	81	43 m²	—	Flat
Apartment 104, Commerce Quay, 221 Ordsall Lane, Salford	81	81	43 m²	—	Flat
Apartment 105, Commerce Quay, 221 Ordsall Lane, Salford	78	78	75 m²	—	Flat
Apartment 106, Commerce Quay, 221 Ordsall Lane, Salford	83	83	39 m²	—	Flat
Apartment 107, Commerce Quay, 221 Ordsall Lane, Salford	83	83	39 m²	—	Flat
Apartment 108, Commerce Quay, 221 Ordsall Lane, Salford	83	83	39 m²	—	Flat
Apartment 109, Commerce Quay, 221 Ordsall Lane, Salford	82	82	58 m²	—	Flat
Apartment 110, Commerce Quay, 221 Ordsall Lane, Salford	83	83	39 m²	—	Flat
Apartment 111, Commerce Quay, 221 Ordsall Lane, Salford	83	83	39 m²	—	Flat
Apartment 112, Commerce Quay, 221 Ordsall Lane, Salford	71	71	117 m²	—	Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Price history

No sales history found for this property in Land Registry Price Paid data.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
7 APARTMENT 404 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE	£143,000	04/11/2025	Flat
RENOLDS HOUSE APARTMENT 40 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB	£80,000	23/10/2025	Flat
COMMERCE QUAY, 221 APARTMENT 005 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 4TT	£300,000	31/03/2025	Flat
BRIDGEWATER POINT APARTMENT 705 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YB	£158,000	07/02/2025	Flat
7 APARTMENT 122 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD	£177,000	15/12/2023	Flat
RENOLDS HOUSE APARTMENT 19 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB	£153,000	01/12/2023	Flat
BRIDGEWATER WHARF BLOCK E UNIT 405 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH	£145,000	03/11/2023	Flat
7 APARTMENT 806 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YF	£175,000	13/10/2023	Flat
7 APARTMENT 111 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD	£212,000	12/10/2023	Flat
7 APARTMENT 120 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD	£210,000	29/09/2023	Flat
7 APARTMENT 410 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YE	£150,000	12/09/2023	Flat
7 APARTMENT 706 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YF	£176,000	21/08/2023	Flat
BRIDGEWATER WHARF BLOCK A UNIT 605 ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3WH	£145,500	14/08/2023	Flat
QUAY 5, 232 APARTMENT 4A ORDSALL LANE, SALFORD, GREATER MANCHESTER, M5 3NB	£150,000	24/07/2023	Flat
7 APARTMENT 211 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4YD	£210,000	11/07/2023	Flat
WATERHOUSE APARTMENTS, 14 11 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4BZ	£240,330	08/03/2023	Flat
BRIDGEWATER POINT APARTMENT 426 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YB	£162,500	07/03/2023	Flat
BRIDGEWATER POINT APARTMENT G01 WORRALL STREET, SALFORD, GREATER MANCHESTER, M5 4YA	£113,500	17/02/2023	Flat
RENOLDS HOUSE APARTMENT 32 EVERARD STREET, SALFORD, GREATER MANCHESTER, M5 4UB	£141,000	08/02/2023	Flat
SLATER HOUSE APARTMENT 47 WODEN STREET, SALFORD, GREATER MANCHESTER, M5 4UE	£180,000	22/12/2022	Flat

Area average: £171,092 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -22.1%

10y growth 32.6%

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

1y (index) -1.1%

5y (index) 16.4%

10y (index) 72.2%

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 4WA

Address

Ordsall Lane

Nearby

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

Type	Name	Distance
Shop	Rexel	0.0 miles
Bus stop	Oldfield Road/Ordsall lane	0.0 miles
Bus stop	Ordsall Lane/Oldfield Road	0.1 miles
Shop	Co-op Food	0.1 miles
University	University of Salford	0.7 miles
Train station	Deansgate	0.8 miles
Train station	Salford Central	0.9 miles
University	University of Salford Peel Park Campus	1.0 miles
Hospital	Salford Gastric Bypass Surgery	1.4 miles
Hospital	Braeburn House	1.7 miles

Street-level crime

Category	Count
Violence and sexual offences	3
Other theft	1
Robbery	1
Theft from the person	1
Total incidents	6

Within 1 mile during Mar 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
Primrose Hill Primary School and Children's Centre	Primary	0.4 miles	Good — 30 Jun 2022
St Joseph's RC Primary School	Primary	0.4 miles	Good — 24 May 2022
Old Trafford Community Academy	Primary	0.6 miles	— (Inspected (no overall grade))
Oasis Academy MediaCityUK	Secondary	0.6 miles	Good — 1 Jul 2016
St Alphonsus RC Primary School	Primary	0.7 miles	— (Inspected (no overall grade))

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	£1,150/mo	1	0.01 miles	OpenRent
1 Bed Flat, Ordsall Lane, M5	£1,250/mo	1	0.04 miles	OpenRent
1 Bed Penthouse, Ordsall Lane, M5	£1,125/mo	1	0.14 miles	OpenRent
1 Bed Flat, Hulton Street, M5	£1,200/mo	1	0.25 miles	OpenRent
1 Bed Flat, Silkbank Wharf, M5	£1,200/mo	1	0.25 miles	OpenRent
1 Bed Flat, Cleworth St, M15	£1,000/mo	1	0.31 miles	OpenRent
1 Bed Flat, Timber Wharf, M15	£1,050/mo	1	0.33 miles	OpenRent
1 Bed Flat, Regent Road, M3	£1,150/mo	1	0.34 miles	OpenRent
1 Bed Flat, Pomona Strand Old Trafford, M16	£1,000/mo	1	0.47 miles	OpenRent

Average rent: £1,125/mo (9 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.41%

Max investor price (0.8%) £143,750

Target investor price (1%) £115,000

Gross yield 4.9%

Cost-to-rent ratio 20.3×

Monthly cashflow £-92/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -1.4%

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).

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