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Chaucer Way, Salford
For sale
£295,000

Chaucer Way, Salford, M7 3DH

3bedrooms
3bathrooms
Town Housetype

Listed 29 Sept 2026 · Salford

How the price compares

This home£295,000
Median 3 bed in M7£290k15 homes listed · £352 per sq ft
Difference+2%in line with the area

Key features

  • Turnkey Investment Opportunity – Sold with established tenants in situ
  • Immediate Income Stream – Currently generating £1,595 PCM (£19,140 PA)
  • Strong Yield – 6.5% gross initial yield at asking price
  • Long Leasehold – 999-year lease from 2014 (£120 PA service charge)
  • Spacious Accommodation – Modern 3-bedroom townhouse across three floors (approx. 1,094 sq. ft.)
  • Parking & Outdoor Space – Integrated garage, off-road driveway parking, plus front and rear gardens

About this home

Property Overview An outstanding opportunity for property investors to acquire a modern, fully tenanted three-bedroom townhouse in a sought-after Salford development. Delivering immediate, hassle-free rental income from day one, this property combines strong existing returns with long-term capital growth potential.

The Property Arranged over three floors, the property offers spacious and well-planned accommodation ideal for family tenants:

Ground Floor: Welcoming entrance, downstairs WC, integrated garage, and access to the private rear garden.

First Floor: Generous living room and a modern open-plan kitchen and dining area.

Second Floor: Three well-proportioned bedrooms, including a master bedroom with en-suite shower room, plus a contemporary family bathroom.

Additional benefits include gas central heating, double glazing, and off-road driveway parking.

Rental & Yield Overview

Current Rent: £1,595 PCM (£19,140 per annum)

Gross Yield: 6.5% based on the asking price of £295,000

Lease Term: 999 years from 2014

Service Charge: £120 PA

Location Situated in a popular residential area of Salford, Chaucer Way provides convenient access to local amenities, green spaces, transport links, and direct routes into Manchester City Centre and MediaCityUK, ensuring high ongoing tenant demand.

Property details

Property type
Town House
Parking
Yes
Garden
Yes

Floorplan

Floorplan 1

Location

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1 on this map

  • Heaton Park Tram Stop1.4 mi
  • Prestwich Tram Stop1.4 mi
  • Clifton Station1.5 mi

What nearby homes sold for

Median sold prices in M7 over the last 12 months: semi-detached £336k · flat £136k · terraced £290k · detached £400k.

AddressTypeSoldPrice
12 Chaucer Way
Salford M7 3AE
Semi-detached
Leasehold
23 Mar 2026£305,000
16 Chaucer Way
Salford M7 3AE
Semi-detached
Leasehold
11 Mar 2026£305,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in M7

Buying costs

Monthly repayment£1,476£29,500 deposit · £265,500 loan
Stamp Duty£4,750England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Pure, Manchester on Rightmove (original listing). First listed 29 Sept 2026; details checked 7 Nov 2026. Latest change: added on 29/09/2026.

Agent disclaimer

Disclaimer - Property reference 1 Chaucer Way . The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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