Area Guide For Salford

Salford lies at the heart of the City of Salford, a metropolitan borough of Greater Manchester, in North West England. Salford is sited in a meander of the River Irwell, which forms its boundary with the city of Manchester to the east. Together with its neighbouring towns to the west, Salford forms the local government district of the City of Salford, which is administered from Swinton. The former Borough of Salford, which included Broughton, Pendleton and Kersal, was granted honorific city status in 1926 it has a resident population of 72,750 and occupies an area of 8.1 square miles (21 km). The wider City of Salford district has a population of 219,200. Historically a part of Lancashire, Salford's early history is marked by its status as a Royal caput and the judicial seat of the ancient hundred of Salfordshire, to which it lent its name. It was granted a charter by Ranulf de Blondeville, 6th Earl of Chester, in about 1230, making Salford a free borough. During the early stages of its growth, Salford was of greater cultural and commercial importance than its neighbour Manchester, although most contemporary sources agree that since the Industrial


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Estimated Price: £143,628
Average Asking Price: £172,975
Price change in last one year: £13,326
Average Price Paid: £121,341
Average Rent Rates: £818


Property Prices Breakdown in Salford

Average Price for property in Salford is around £143,628 which varies based on type of property you are interested in and ranges from £314,129 for detached house to around £170,579 for semi-detached. Similarly terraced house is around £111,659 and a flat is worth £155,236. Values have been changing and have risen £1,832 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,720 in last 6 months, £13,326 in last 1 year, £18,083 in last 2 years, £15,189 in last 3 years, £17,896 in last 4 years and £15,501 in last 5 years.

Currently average asking price of a property in Salford is around £172,975 based on approximately 1,059 properties for sale. Same is the case with rental options based on 462 properties up for rent, average asking rent is around £818 per month.

Estimated property value in Salford is £143,628. Average asking price is £172,975 while average price paid is £125,268 which is up by £13,326 and Avg. asking rent £818.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Salford area. In last 1 year alone average price buyer paid is around £125,268 based on approximately 1,059 sales in Salford area alone. If you compare it to last 3 years sales of 2,839 properties where buyers paid around £121,591. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £121,341 for 4,586 and average amount paid for purchase of approx. 6,812 properties sold in last 7 years comes to about £124,714 per sale.


Properties For Sale in Salford


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £104,100, £98,484 for a 2 bedroom house, £146,723 for a 3 bedroom house, £224,887 for a 4 bedroom house and £318,613 for a 5 bedroom house. For a flat similarly the prices varies from £103,065 for a single bedroom to £144,758 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £306,368 and £99,995 for a 4 bedroom flat. To sum up the asking prices for properties in Salford it comes to around average £103,105 for 1 bedroom property, £134,378 for 2 bedroom, £171,150 for 3 bedroom, £222,936 for 4 bedroom and £318,613 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £391 for 1 bedroom to £594 for 2 bedrooms, £674 for 3 bedrooms, £731 for 4 bedrooms and £1,081 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £572. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £742, £1,016 for 3 bedroom and £1,780 for 5 bedroom. You should be generally be expecting around average £500 rent per month for single bedroom property, £722 for 2 bedroom, £749 for 3 bedroom, £731 for 4 bedroom and approximately £1,156 for a 5 bedroom property in Salford area.

Popular Houses in Salford

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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