Summary - Local Crescent, 14 Hulme Street, SALFORD, M5 M5 4ZH
2 bed 2 bath Apartment
High-yield city investment with premium amenities and long lease.
Currently tenanted until July 2026, offering immediate rental income
Projected rental yield approximately 7.06% at £1,500 pcm
Amenities: indoor pool, sauna, gym and residents' cinema room
Leasehold: ~247 years remaining (250 years from 2020 stated)
Service charge c. £3,297 pa; building insurance c. £495 pa
Ground rent c. £242 pa; council tax Band C (affordable)
Heating: electric room heaters, no gas central heating
Local broadband speeds very slow despite excellent mobile signal
This third-floor, 2-bedroom apartment in The Crescent offers a turnkey investment in a high-spec development with strong rental performance. At 710 sq ft and EWS1 A2 rated, the apartment is currently tenanted until July 2026 and is producing a 6.82% yield; projected rent at £1,500 pcm raises that to about 7.06%. Service charge, ground rent and building insurance are disclosed, helping investors model total holding costs.
The building provides lifestyle-led communal amenities — including a heated indoor pool, sauna, gym and cinema room — that appeal to commuting professionals and student tenants. The apartment has contemporary finishes, good natural light and an EPC B, but heating relies on electric room heaters rather than gas central heating.
Notable running costs and local factors are factual considerations: an annual service charge of about £3,297, ground rent of £242 and building insurance around £495. Broadband speeds in the area are reported as very slow; mobile signal is excellent. The immediate neighbourhood is a cosmopolitan, student-oriented area within a broader constrained and very deprived locality, though local crime rates are very low.
This property suits buy-to-let buyers seeking immediate rental income with minimal refurbishment required and who are comfortable with leasehold ownership and communal management costs. Owner-occupiers may prefer to note the tenancy until mid-2026 and the reliance on electric heating when considering living costs.
1 bedroom apartment for sale in Local Crescent, 2 Hulme Street, SALFORD, M5 — £220,000 • 1 bed • 1 bath • 624 ft²
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1 bedroom apartment for sale in Local Crescent, Hulme Street, Salford, M5 4ZD, M5 — £275,000 • 1 bed • 1 bath • 742 ft²
2 bedroom apartment for sale in Local Crescent, The Crescent, Salford, Manchester, M5 — £294,950 • 2 bed • 2 bath • 699 ft²
2 bedroom apartment for sale in 4, Hulme Street, SALFORD, M5 — £283,000 • 2 bed • 2 bath • 710 ft²
1 bedroom apartment for sale in Local Crescent, Block B, 4 Hulme Street, Salford, M5 — £203,000 • 1 bed • 1 bath • 454 ft²
