RW Invest says ..
Manhattan apartment in innovative new Manchester development, with projected 6% NET yields.
Property Oracle says ..
The property is a 1-bedroom, 1-bathroom apartment located in Salford, Greater Manchester. The list price is £200,000, and the apartment is 500 sqft. The apartment appears to be modern and well-presented, based on the provided images. The kitchen and bathroom are contemporary in design and appear to be in excellent condition. The living space is also modern and well-lit. There is no evidence of wear and tear or the need for renovation. The location is near several transportation links, including train stations and is within reasonable distance of Manchester City Centre. There are also several schools nearby, including primary and secondary schools with good Ofsted ratings. This suggests a convenient and desirable location. However, the lack of information regarding local amenities such as shops and places of significance prevents a more comprehensive assessment of the location’s desirability. The property does not appear to include any outdoor space, such as a garden or patio. Considering the average price per sqft in the area is £606.00, and this property is listed at £400 per sqft, the price seems relatively reasonable, especially considering the modern condition and convenient location. However, the lack of plot size is a significant factor. Nearby apartment listings are considerably higher in price, suggesting that this property might be undervalued. However, without more detailed information on the specifics of those properties (e.g., size, condition, features) a definitive comparison is difficult.
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)
- 500.00
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
- 178,500.00 £Decreased by 24.36 %
- Average area rental value
- 1,925.00 £/moIncreased by 20.01 %
- Est letting value
- 500.00 £/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 | £ 399,950 | BUY | 6 / 10 | 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 |
|---|---|---|
| 7 Hazel Grove | £ 65,000 | 0.11 KM |
| 5 Hazel Grove | £ 70,000 | 0.11 KM |
| 5 Laurel Grove | £ 170,000 | 0.20 KM |
| 7 Laurel Grove | £ 66,227 | 0.20 KM |
| 63 Tootal Road | £ 85,000 | 0.21 KM |