Chapel Point, Chapel Street, Salford, Manchester, M3 5EP
MO

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
MarkerMarkerMarkerMarkerMarkerMarkerMarkerMarkerMarkerMarkerMarker
Leaflet © OpenStreetMap contributors

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 %
from 248,628.00 £
Est sale value
1,122,709.58 £
Increased by 15.34 %
from 973,397.82 £
Average area rental value
1,330.00 £/mo
Decreased by 2.71 %
from 1,367.00 £/mo
Est letting value
2,871.38 £/mo
Unchanged by 0.00 %
from 2,871.38 £/mo
Est rental Yield
6.02 %
Decreased by 8.79 %
from 6.60 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Move Places Limited created the listing.

Nearby Schools

NameTypeOfstedDistance
The Cathedral School Of St Peter And St John Rc PrimaryVoluntary Aided SchoolRequires improvement0.50 KM
St Philip'S Cofe Primary SchoolVoluntary Aided SchoolGood0.58 KM
The Friars Primary SchoolCommunity SchoolRequires improvement0.64 KM
Lower Broughton Children'S CentreChildren's Centre Linked Site1.16 KM
River View Community Primary SchoolCommunity SchoolGood1.23 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
North Star Drive £ 000.00 KM
Trinity Way £ 000.00 KM
Irwell Street £ 387,49800.00 KM
New Bailey Street £ 000.00 KM
Old Medlock Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Salford Central2798SFD0.35 KM
Deansgate2963DGT1.26 KM
Manchester Victoria2970MCV1.77 KM
Salford Crescent2794SLD2.00 KM
Manchester Oxford Road2966MCO2.04 KM

Nearby Listings

AddressPriceTypeScoreDistance
Chapel Street, Salford £ 120,000BUY5 / 100.00 KM
Chapel Point, Chapel Street, Salford, Manchester, M3 5EP £ 150,000BUY5 / 100.00 KM
Chapel Street, Salford, M3 £ 135,000BUYUnknown0.01 KM
City Point, 156 Chapel Street, Salford, Lancashire, M3 £ 145,000BUYUnknown0.04 KM
Trinity Edge, 1 St. Mary Street, Salford, Lancashire, M3 £ 175,000BUY5 / 100.09 KM

Nearby Properties

AddressPriceDistance
227 Chapel Street £ 65,0000.01 KM
245 Chapel Street £ 73,5000.01 KM
221 Chapel Street £ 45,0000.01 KM
235 Chapel Street £ 145,0000.01 KM
237 Chapel Street £ 72,5000.01 KM