M5 3LE is a residential postcode situated on Phoebe Street, Salford, M5 with 32 addresses.
It ranks as the 937th largest and 414th most expensive of the 1,289 postcodes in the M5 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 32 properties: 32 flats.
M5 3LE is a residential postcode situated on Phoebe Street, Salford, M5 with 32 addresses.
It ranks as the 937th largest and 414th most expensive of the 1,289 postcodes in the M5 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 32 properties: 32 flats.
Sale prices range from £150,726 for 2 bedroom leasehold flats (505 ft2) to £175,662 for 2 bedroom leasehold flats (689 ft2) .
Monthly rental prices range from £1,113 pcm for 2 bed flats to £1,192 pcm for 2 bed flats.
The gross rental yield is between 8.1% and 8.9%.
The average value per square foot is £261.
The last sale in M5 3LE sold for £145,000 on 3rd December 2021. Since then prices are up an average of 8.1%.
The current average value in the postcode is £170,902.
The M5 3LE Sales Market has increased by 27.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.9% | £170,902 |
| April 2025 | 0.5% | £174,135 |
| April 2024 | 2.9% | £173,197 |
| April 2023 | 4.3% | £168,243 |
| April 2022 | 2.6% | £161,311 |
| April 2021 | 3.1% | £157,289 |
| April 2020 | 2.4% | £152,507 |
| April 2019 | -1.7% | £148,947 |
| April 2018 | 5.5% | £151,525 |
| April 2017 | 7.5% | £143,653 |
| April 2016 | 6.9% | £133,661 |
| April 2015 | 4.5% | £125,008 |
| April 2014 | 4.2% | £119,570 |
| April 2013 | -1.8% | £114,748 |
| April 2012 | -2.8% | £116,887 |
| April 2011 | 2.4% | £120,281 |
| April 2010 | -2% | £117,416 |
| April 2009 | -15.5% | £119,787 |
| April 2008 | -0.6% | £141,730 |
| April 2007 | 0% | £142,514 |
The current average rental value in the postcode is £1,180.
The M5 3LE Rental Market has increased by 46.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £1,180pcm |
| April 2025 | 1.2% | £1,151pcm |
| April 2024 | 8.4% | £1,138pcm |
| April 2023 | 11.8% | £1,049pcm |
| April 2022 | 9.9% | £938pcm |
| April 2021 | -0.7% | £853pcm |
| April 2020 | 3.3% | £859pcm |
| April 2019 | 0.4% | £832pcm |
| April 2018 | -1.7% | £828pcm |
| April 2017 | 4.7% | £843pcm |
| April 2016 | 7% | £805pcm |
| April 2015 | 4% | £753pcm |
| April 2014 | 1.7% | £724pcm |
| April 2013 | 2.1% | £711pcm |
| April 2012 | 1.9% | £697pcm |
| April 2011 | 5.6% | £684pcm |
| April 2010 | -2.8% | £647pcm |
| April 2009 | -8.6% | £666pcm |
| April 2008 | 0.2% | £729pcm |
| April 2007 | 0% | £727pcm |
The last sale was on 3rd December 2021 for £145,000 and since then the market in the area has increased by 8.1%. The postcode has had a total of 45 sales since 1995.
M5 3LE has seen no sales in the last three years and no sales in the last twelve months.
M5 3LE is the 937th largest and the 414th most expensive postcode out of the 1,289 postcodes in the M5 area.
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The closest station to M5 3LE is Salford Crescent station which is 1.4 kilometres away.
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