RW Invest says ..
1-bed apartment in new energy-efficient Manchester development. Generate projected 6% NET rental returns.
Property Oracle says ..
The property is a new one-bedroom apartment located in Salford, Greater Manchester. The apartment is part of a new development in the West One area, which is undergoing regeneration. While the provided images showcase a modern and well-finished interior, the lack of plot size information and the absence of details regarding exterior spaces limit a comprehensive assessment. The location benefits from proximity to several schools, including St Luke’s Cofe Primary School and All Hallows Rc High School, both rated “Good” by Ofsted. Several train stations are also within a reasonable distance, offering convenient transportation links. However, the average property price in the area is significantly higher than the listed price of this apartment, suggesting a potential undervaluation. Considering the average price per square foot in the area, the listed price for this property appears to be quite low compared to other properties in the area. Further investigation into the specifics of the development and any associated fees or charges would be necessary to fully evaluate the value proposition.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 9
- Location
- 7
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 378.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 367,000.00 £Decreased by 26.35 %
- Est sale value
- 134,946.00 £Decreased by 24.36 %
- Average area rental value
- 1,925.00 £/moIncreased by 20.01 %
- Est letting value
- 378.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 6.29 %Increased by 62.95 %
- Crime Rate
- 0.00 %
Agent Activity
RW Invest created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Luke'S Cofe Primary School | Voluntary Controlled School | Good | 0.78 KM |
| All Hallows Rc High School | Voluntary Aided School | Good | 1.03 KM |
| Buile Hill Academy | Academy Converter | Requires improvement | 1.40 KM |
| Langworthy Children'S Centre | Children's Centre Linked Site | 1.59 KM | |
| Salford City College | Further Education | Good | 1.60 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Foster Street | £ 0 | 0 | 0.00 KM |
| Lance Todd Close | £ 0 | 0 | 0.00 KM |
| Mode Wheel Road | £ 0 | 0 | 0.00 KM |
| Outfield Close | £ 0 | 0 | 0.00 KM |
| Parkfield | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Eccles (Manchester) | 2950 | ECC | 2.60 KM |
| Trafford Park | 2969 | TRA | 3.08 KM |
| Manchester United Football Ground | 2996 | MUF | 3.20 KM |
| Humphrey Park | 2937 | HUP | 3.83 KM |
| Salford Crescent | 2794 | SLD | 3.94 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| West One, Manchester | £ 249,950 | BUY | Unknown | 0.00 KM |
| West One, Manchester | £ 200,000 | BUY | 6 / 10 | 0.00 KM |
| West One, Manchester | £ 424,950 | BUY | 6 / 10 | 0.00 KM |
| West One, Manchester | £ 250,000 | BUY | 7 / 10 | 0.00 KM |
| West One, Manchester | £ 424,950 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Hazel Grove | £ 70,000 | 0.11 KM |
| 7 Hazel Grove | £ 65,000 | 0.11 KM |
| 7 Laurel Grove | £ 66,227 | 0.20 KM |
| 5 Laurel Grove | £ 170,000 | 0.20 KM |
| 43 Tootal Road | £ 250,000 | 0.21 KM |