No floorplan from the agent

Elmira Way, Salford, M5 3DE

2-bedroom flat · M5 3DE

646 sq ft2 baths

Asking

£150,000

For saleListed 3 days

Investor metrics

HMO Article 4 Direction Area2018 HMO Article 4 Direction, 2018 HMO Article 4 Direction · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

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About

The property

**TWO BEDROOM FLAT FOR SALE- GILBERT HOUSE, ELMIRA WAY, SALFORD-PRIME LOCATION** This property offers two bedrooms along with a fully fitted open-plan kitchen and dining area, providing a practical and sociable living space.

The layout makes the apartment suitable for a couple, small family or professional sharers. The location is a major benefit, close to Salford Quays and MediaCityUK.

There is easy access to restaurants, shops and leisure facilities.

Transport links are excellent, with Salford Quays and Exchange Quay tram stops both within walking distance providing quick and convenient connections into Manchester city centre and across Greater Manchester.

There are also several bus stops close to the property, making this a particularly convenient location for commuters and anyone wanting easy access to Manchester and the surrounding areas.

EPC Rating: B Room Measurements: Reception/Kitchen: 6.8m x 3m Bedroom 1: 4.6m x 2.6m Bedroom 2: 4.6m x 3m En-Suite: 1.6m x 1.6m Bathroom: 1.8m x 2m Entrance Hall: 2.4m x 2.1m Reception/Kitchen - 6.8m x 3m (22'3" x 9'10") - Bedroom 1 - 4.6m x 2.6m (15'1" x 8'6") - Bedroom 2 - 4.6m x 3m (15'1" x 9'10") - En-Suite - 1.6m x 1.6m (5'2" x 5'2") - Bathroom - 1.8m x 2m (5'10" x 6'6") - Entrance Hallway - 2.4m x 2.1m (7'10" x 6'10") -

Key information

Price per sq ft

£232/sq ft

Based on 646 sq ft (60 sq m)

Floor area

646 sq ft (60 sq m)

Council tax band

Band C

Estimated ~£1,600/year

Tenure

Leasehold

Local authority

Salford

Metropolitan District

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

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Rent evidence

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Local SA Market

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Investment Disclaimer

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 advisers before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Mortgage

Deal

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Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market3 days

4/25

—

Seller motivation

Not scored yet

Days on market3

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

Still activeDay 3 on marketToday

Strategy fit

No strategy scores available yet.

Article 4HMO Article 4 applies

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.