Albert Mill

Apartment 26, Albert Mill, 41 Oldfield Road, Salford M5 4GT

Exceptional Investment Opportunity in the Heart of Salford

Key Investment Highlights

• Asking Price: £175,000
• Current Rental Income: £1,200 pcm (£14,400 per annum)
• Service Charge: £1,743.64 per annum
• Ground Rent: £265.11 per annum
• Net Lease Term: Approx. 158 years remaining (175 years from 2008)
• EWS1 Form: Available – B1 rating (no remedial works required)
• EPC Rating: D
• Fully Furnished | Two Double Bedrooms | Two Bathrooms | Allocated Parking

Property Overview

Apartment 26 offers investors a fully-furnished, ready-to-let two-bedroom property in the popular Albert Mill development – a short walk from Salford University, Vimto Gardens, and Manchester City Centre.

This bright and spacious apartment features:

• An open-plan living and kitchen area with integrated appliances (fridge-freezer, washing machine, oven, hob, extractor).
• Two equally-sized double bedrooms, ideal for professional sharers or students.
• A principal bedroom with en-suite shower room plus a four-piece main bathroom.
• Large windows throughout, flooding the apartment with natural light.
• Allocated parking space – a valuable asset in this location.

This turnkey property requires no immediate capital expenditure, making it ideal for investors seeking immediate income.

Location

Located on Oldfield Road, Salford M5, the property benefits from excellent transport links and sits within one of Greater Manchester’s fastest-growing regeneration zones.

• 2 minutes from the University of Salford campus.
• 5 minutes from Spinningfields and Deansgate, Manchester City Centre.
• Walking distance to Vimto Gardens, Chapel Street cafés, and the River Irwell.
• Excellent access to bus, tram, and rail links.

This prime location supports strong rental demand from young professionals, postgraduate students, and city workers.

Investment Returns

Market Performance in Salford

Salford continues to be one of the strongest-performing residential markets in the North West, benefiting from sustained regeneration, job growth, and population inflows.

• Property price growth: Salford’s average property prices have more than doubled (+100%) in the past decade.
• 5-year price growth: c. +36 % average for apartments.
• Average apartment value (2024): £186,500.
• Average rent (2025): £1,132 pcm (two-beds averaging £1,052 pcm).
• Annual rental growth: +6.6 % (2025 vs 2024).

This demonstrates the area’s strong fundamentals for both capital appreciation and rental growth, underpinning long-term investment returns.

Why Invest Here

• Turnkey investment: Fully furnished, currently rented at market level
• Strong yield: Over 7 % net return based on asking price.
• Prime location: Between the University of Salford and Manchester City Centre.
• Long lease (175 years from 2008): No leasehold complications.
• Compliant & mortgage-ready: EWS1 Form – B1 Rating.
• Ongoing area regeneration: Continues to push up demand and property values.

Summary

Apartment 26, Albert Mill offers investors a hands-off, income-generating asset with:

• Proven rental track record (£1,200 pcm),
• A strong 7 %+ net yield, and
• Excellent long-term capital growth potential in one of Manchester’s most dynamic urban zones.

Asking Price: £175,000
Tenure: Leasehold (175 years from 2008)
Current Rent: £1,200 pcm
EWS1: B1 – Compliant

Let Pure Lettings Take The Strain…..

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.

✅ Fully managed lettings and property management service

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If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more

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