Apartment 1601 Block A, 5 Red

    APARTMENT 1601 BLOCK A, 5, RED, MEDIA CITY UK, SALFORD, M50 2AN

    This flat/maisonette leasehold property on Red last sold in May 2023 for £430,000. Based on price growth in the M50 district since then, its estimated current value is £444,584 — placing it in the 73rd percentile nationally and the 98th percentile within M50. The property covers 92 m² (990 sq ft), giving an estimated value of £4,832 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    92 m²

    (990 sq ft)

    Last Sale Price

    £430,000

    May 2023

    Estimated Valuation

    £444,584

    Est. £/m²

    £4,832/m²

    £449/sq ft

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction age2020
    Habitable roomsNot available
    Main fuelElectricity: electricity, unspecified tariff
    EPC currentC
    EPC potentialC
    Floor area92 m² (990 sq ft)
    EPC dateSept 2022
    WallsAverage thermal transmittance 0.20 W/m²K
    HeatingRoom heaters, electric

    Transaction History

    10 May 2023

    New build

    £430,000

    Key Metrics

    Estimated valuation£444,584
    Value per m² / sq ft£4,832/m² (£449/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    M50 district percentile98th percentile
    National percentile73rd percentile

    District Context — M50

    M50 covers central Manchester, encompassing the city centre and inner-city neighbourhoods. It is a diverse, densely populated urban area characterised by mixed-tenure housing, student populations, and strong rental demand.

    Average Property Price - M50

    £215,308

    16

    National percentile

    Average Net Household Income - M50

    £4,095

    0

    National percentile

    10-Year Annualised Price Growth - M50

    4.8%

    87

    National percentile

    10-Year Annualised Rent Growth - M

    5.5%

    98

    National percentile

    View full analysis for M50

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