Apartment 407, 1
Apartment 407, 1
Description & Estimates
Apartment 407, 1, Lockgate Square, Salford is described in the public record as a modern apartment with 516 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Apartment 407, 1, Lockgate Square, Salford is £203,561 and its rental estimate is £1,177 per month, given the available information and assuming reasonable condition.
1, Lockgate Square is a residential building on Lockgate Square, Salford, M5 and falls within the M5 postal district and the borough of Salford.
Our Data Sources
Apartment 407, 1, Lockgate Square, Salford has no records in the the Land Registry and a single entry in the EPC database dated May 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Apartment 407, 1, Lockgate Square, Salford, we estimate a market value of £213,739 and a rental value of £1,236 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £189,312 and £1,095 per month respectively.
Recent Market Change
Over the last year, Apartment 407, 1, Lockgate Square, Salford has seen its estimated sale value decrease by £5,733 (2.8%) and its estimated rental value grow by £45 per month (3.9%). This results in an estimated gross rental yield of 6.9%.
Energy Efficiency
Apartment 407, 1, Lockgate Square, Salford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 May 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 407, 1, Lockgate Square, Salford have sold within a radius of 280 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th March 2025, was Apartment 407, 15, Middlewood Street, Salford, M5 4YW, a leasehold flat which sold for £200,000.
Read more about house prices in M5.
- Sold Mar 2025£200,000 | 2 Bed Flat15, Middlewood StreetApartment 407, 15, Middlewood Street, Salford, M5 4YW
- Sold Oct 2023£190,000 | 2 Bed Flat1, Lockgate SquareApartment 705, 1, Lockgate Square, Salford, M5 4YU
- Sold Jul 2023£187,500 | 2 Bed Flat1, Lockgate SquareApartment 207, 1, Lockgate Square, Salford, M5 4YU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 74 addresses on Lockgate Square, Salford, M5, Apartment 407, 1, Lockgate Square, Salford comes out as the 63rd largest and the 59th most expensive in our analysis of the public data.
It is also £2k less expensive than the average property across the M5 district.
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Schools Nearby
- 300mSt Philip's CofE Primary School
- 900mThe Cathedral School of St Peter and St John RC Primary
- 1.0kmCrown Street Primary School
- 1.5kmOasis Academy MediaCityUK
- 2.0kmThe Albion Academy
- 2.2kmTrinity CofE High School
More reading links
Public Transport Nearby
From Apartment 407, 1, Lockgate Square, Salford, the nearest station is Salford Central, 600 metres away.
- 600mSalford Central
- 1.0kmDeansgate
- 1.2kmSalford Crescent
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
