2-bedroom flat · M50 2AL
For saleListed 102 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Being sold under the First Homes scheme - see details in description** Peter Anthony are delighted to bring to market this Two Bedroom apartment with en-suite in the heart of Media City.
The property briefly comprises of open plan kitchen/living area including all appliances, double bedroom with en-suite, second double bedroom and a bathroom.
The property also benefits from two co-working spaces, a 24 hour concierge, parcel room with coded entry and a bike store.
Ideally located in the heart of Media City, it's within walking distance of a range of local amenities.
It has excellent transport links with Media City Metro a short walk away, and easy access to motorway links.
Lease 248 years from 2022 Ground rent - £0 Service charge - £178.63 per month To purchase a ‘First Home’ the purchaser must meet the National Eligibility Criteria: I.
Be a First Time buyer (and in the case of a joint purchase each joint purchaser is a First Time buyer); and II.
The purchaser’s annual gross income (or in the case of a joint purchase, the joint purchaser’ joint annual gross income) must not exceed an £80,000 income cap. A local connections criteria: a.
is ordinarily resident within Salford and has been for a continuous period of not less than 24 consecutive months prior to exchange of contracts for the relevant First Home; and/or b.
who has a close family association with Salford by reason of a parent, sibling or adult child who is ordinarily resident within Salford; and/or c.
has had a permanent contract of employment in the Administrative Boundaries of Salford for 6 months or more. and/or II.
The purchaser is (or in the case of a joint purchase at least one of the joint purchasers is) an Armed Services Member, and/or III.
The purchaser is (or in the case of a joint purchase at least one of the joint purchasers is) a Key Worker, defined as a person employed or with a confirmed job offer in one of the following categories of employment: health; education; emergency services and social workers.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Red, Media City UK, Salford, Greater Manchester, M50
Explore nearby