Chapel Point, Chapel Street, Salford, Manchester, M3 5EP
By Move Places Limited
£ 150,000
Reviews
2 out of 5 stars
Move Places Limited says ..
VACANT & CHAIN FREE Tenure – Leasehold, Lease Length - 77 years, EPC Rating – C (Potential - B), Potential Rental Income – £1,100pcm, Potential Gross Yield – 8.4% pa, Ground Rent & Service Charge - £290pcm, Council Tax Band - B,
Property Oracle says ..
This two-bedroom apartment at Chapel Point, Chapel Street, Salford, presents a compelling option for first-time buyers or investors seeking a city-centre location. Its proximity to Salford Central station offers excellent transport links to Manchester and beyond, while the proximity to Deansgate and Spinningfields adds to its appeal for professionals.
The apartment itself appears modern and well-maintained. The photos reveal a neutral color palette throughout, offering a blank canvas for personalization. The kitchen and bathroom are contemporary, though lack unique features or high-end finishing. The inclusion of a small balcony adds a modest outdoor area.
However, the property is leasehold, with a lease length of 77 years, which is a factor to consider. There are also ground rent and service charges associated with the lease, amounting to £290 per month. Buyers should carefully review all lease terms and associated costs to ensure they are financially comfortable with these additional obligations.
The lack of detail regarding the precise square footage makes a definitive assessment of value challenging. However, given the surrounding property prices, the listing price appears reasonable within the current market climate, provided that the buyer is prepared for leasehold conditions. The apartment could also present rental income opportunities, as evidenced by the estimated rental income in the property details. In summary, this apartment provides good value for money in a desirable city center location, although potential buyers must carefully factor in the leasehold aspects.
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
- 7
- Condition
- 6
- Location
- 7
- Land
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 2,871.38
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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
- 265,241.00 £Increased by 6.68 %
- Est sale value
- 1,122,709.58 £Increased by 15.34 %
- Average area rental value
- 1,330.00 £/moDecreased by 2.71 %
- Est letting value
- 2,871.38 £/moUnchanged by 0.00 %
- Est rental Yield
- 6.02 %Decreased by 8.79 %
- Crime Rate
- 0.00 %
Agent Activity
Move Places Limited created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
The Cathedral School Of St Peter And St John Rc Primary | Voluntary Aided School | Requires improvement | 0.50 KM |
St Philip'S Cofe Primary School | Voluntary Aided School | Good | 0.58 KM |
The Friars Primary School | Community School | Requires improvement | 0.64 KM |
Lower Broughton Children'S Centre | Children's Centre Linked Site | 1.16 KM | |
River View Community Primary School | Community School | Good | 1.23 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
North Star Drive | £ 0 | 0 | 0.00 KM |
Trinity Way | £ 0 | 0 | 0.00 KM |
Irwell Street | £ 387,498 | 0 | 0.00 KM |
New Bailey Street | £ 0 | 0 | 0.00 KM |
Old Medlock Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Salford Central | 2798 | SFD | 0.35 KM |
Deansgate | 2963 | DGT | 1.26 KM |
Manchester Victoria | 2970 | MCV | 1.77 KM |
Salford Crescent | 2794 | SLD | 2.00 KM |
Manchester Oxford Road | 2966 | MCO | 2.04 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Chapel Point, Chapel Street, Salford, Manchester, M3 5EP | £ 150,000 | BUY | 5 / 10 | 0.00 KM |
Chapel Street, Salford | £ 120,000 | BUY | 5 / 10 | 0.00 KM |
Chapel Street, Salford, M3 | £ 135,000 | BUY | Unknown | 0.01 KM |
City Point, 156 Chapel Street, Salford, Lancashire, M3 | £ 145,000 | BUY | Unknown | 0.04 KM |
Trinity Edge, 1 St. Mary Street, Salford, Lancashire, M3 | £ 175,000 | BUY | 5 / 10 | 0.09 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
239 Chapel Street | £ 128,925 | 0.01 KM |
227 Chapel Street | £ 65,000 | 0.01 KM |
225 Chapel Street | £ 107,500 | 0.01 KM |
221 Chapel Street | £ 45,000 | 0.01 KM |
237 Chapel Street | £ 72,500 | 0.01 KM |