Apartment 508, 1
Apartment 508, 1
Description & Estimates
Public records show Apartment 508, 1, Lockgate Square, Salford to be a modern leasehold apartment with 721 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Apartment 508, 1, Lockgate Square, Salford has an estimated sale value of £242,644 and an estimated rental value of £1,233 per month, assuming reasonable condition and based on the information available.
The apartment sits within 1, Lockgate Square, Salford, M5.
Lockgate Square, Salford, M5 lies in the borough of Salford, within the M5 postal district.
Our Data Sources
Apartment 508, 1, Lockgate Square, Salford has a single entry in the Land Registry from August 2018 and a single entry in the EPC database dated May 2018.
We combine this information with that 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
In very good condition, we estimate Apartment 508, 1, Lockgate Square, Salford would be worth £254,776, with a potential rental value of £1,294 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £225,659, with a rental value of £1,146 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Apartment 508, 1, Lockgate Square, Salford has fallen by £6,834 (2.8%) over the last year. During the same period, its estimated monthly rental value has moved up by £48 (3.9%). The property's estimated gross yield is currently 6.1%.
Energy Efficiency
Apartment 508, 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.
Sold Prices
Apartment 508, 1, Lockgate Square, Salford last changed hands on 9th August 2018, selling for £258,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 24.1% since August 2018.
- Sold Aug 2018£258,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 280 metres of Apartment 508, 1, Lockgate Square, Salford across the last 2 years.
Most recently, Apartment 108, 15, Middlewood Street, Salford, M5 4YW, a leasehold flat, sold at £272,500 on the 27th March 2026.
Read more about house prices in M5.
- Sold Mar 2026£272,500 | 2 Bed Flat15, Middlewood StreetApartment 108, 15, Middlewood Street, Salford, M5 4YW
- Sold Feb 2026£275,000 | 2 Bed Flat15, Middlewood StreetApartment 208, 15, Middlewood Street, Salford, M5 4YW
- Sold Oct 2025£285,000 | 2 Bed Flat1, Lockgate SquareApartment 602, 1, Lockgate Square, Salford, M5 4YU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Apartment 508, 1, Lockgate Square, Salford as the 45th largest and the 45th most expensive of the 74 addresses on Lockgate Square, Salford, M5.
Against the M5 postcode district average, it is £37k more expensive than the typical property.
More reading links
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
Salford Central station is the nearest stop to Apartment 508, 1, Lockgate Square, Salford at 600 metres away.
- 600mSalford Central
- 1.0kmDeansgate
- 1.2kmSalford Crescent
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
