RW Invest says ..
Invest in this modern 1-bedroom apartment in Manchester. Luxury onsite facilities and 6% projected returns.
Property Oracle says ..
The property is a 1-bedroom apartment located in the Embankment Exchange development in Salford, Greater Manchester. The apartment is 470 sqft and listed at £289,950.
Based on the provided images, the apartment appears to be in excellent condition with modern fixtures and fittings. The development itself is a new build, suggesting minimal maintenance requirements.
The location is within walking distance of several train stations, including Manchester Victoria and Salford Central, providing convenient access to Manchester city centre and beyond. The proximity to schools, while not extensively detailed, seems reasonable given the urban setting. However, the lack of information regarding the quality of local amenities and green spaces prevents a more definitive assessment of the location score.
The property does not include a garden, which is typical for city centre apartments.
Considering the list price of £289,950, the average price of similar properties in the area is £308,777, and the average price per sqft is £435. The subject property’s price per sqft is significantly higher (£617) than the average. While the apartment appears to be of high quality and in a convenient location, the higher-than-average price per sqft suggests that the asking price may be slightly inflated compared to similar properties in the area. Further analysis of comparable properties would be needed to determine a more precise valuation.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 10
- Location
- 8
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 470.00
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
- 352,520.00 £Increased by 60.35 %
- Est sale value
- 266,490.00 £Increased by 75.54 %
- Average area rental value
- 1,504.00 £/moIncreased by 8.59 %
- Est letting value
- 940.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.12 %Decreased by 32.28 %
- Crime Rate
- 5.00 %Unchanged by 0.00 %
Agent Activity
RW Invest created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Chetham'S School Of Music | Other Independent School | 0.69 KM | |
| Cheetwood Primary School | Community School | Good | 0.87 KM |
| Abbey College Manchester | Other Independent School | 0.93 KM | |
| The Friars Primary School | Community School | Requires improvement | 1.03 KM |
| The Cooperative College | Miscellaneous | 1.12 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| East Reservoir Street | £ 485,000 | 0 | 0.00 KM |
| Sandywewll Lane | £ 500,000 | 0 | 0.00 KM |
| Boond Street | £ 0 | 0 | 0.00 KM |
| Gorton Street | £ 0 | 0 | 0.00 KM |
| Gorton Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manchester Victoria | 2970 | MCV | 0.75 KM |
| Salford Central | 2798 | SFD | 0.81 KM |
| Deansgate | 2963 | DGT | 1.54 KM |
| Manchester Oxford Road | 2966 | MCO | 1.75 KM |
| Manchester Piccadilly | 2968 | MAN | 2.35 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Embankment Exchange, Manchester | £ 279,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 259,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 289,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 239,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 229,950 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 1 Evans Street | £ 30,000 | 0.28 KM |
| 6 Evans Street | £ 261,000 | 0.28 KM |
| 22 Evans Street | £ 37,500 | 0.28 KM |
| 29 Evans Street | £ 145,000 | 0.28 KM |
| 7 Evans Street | £ 72,500 | 0.28 KM |