Nexus Residential says ..
1-bed apartment in new energy-efficient Manchester development. Generate projected 6% NET rental returns.
Property Oracle says ..
The property is a 1-bedroom apartment located in West One, Manchester, Salford. The apartment is part of a new development, as evidenced by the architectural renderings. The images show a modern, well-presented interior with a contemporary design. The apartment includes a modern kitchen and bathroom. The development also features communal outdoor space, including a courtyard and rooftop garden. This is a positive aspect, offering residents access to green space. The location in Salford, specifically Weaste & Seedley, places it relatively close to several amenities. Nearby schools include St Luke’s Cofe Primary School and All Hallows Rc High School, both rated ‘Good’ by Ofsted. Public transportation options are available within a reasonable distance, with several train stations accessible. The list price of £220,000 for a 366 sq ft apartment is significantly lower than the average price for the area (£732,497) and the average price per sq ft (£606). However, it’s important to note that the average price and price per sq ft are likely influenced by larger properties, and this is a smaller 1-bedroom apartment. Nearby comparable listings (other 1-bedroom apartments in the West One development) are priced similarly, suggesting the list price might be reasonable within the context of the development and apartment size. The lack of plot size (0.00 sqft) is consistent with apartment living and doesn’t negatively impact the price in this context. Considering the modern condition of the apartment, the convenient location with access to schools and transportation, and the relatively competitive price point compared to similar properties in the development, the property presents a potentially good value option for a buyer. The communal outdoor space is an additional positive.
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
- 8
- Condition
- 9
- Location
- 7
- Land
- 3
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 366.00
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
- 130,662.00 £Decreased by 24.36 %
- Average area rental value
- 1,925.00 £/moIncreased by 20.01 %
- Est letting value
- 366.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 6.29 %Increased by 62.95 %
- Crime Rate
- 0.00 %
Agent Activity
Nexus Residential 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 | £ 399,950 | 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 |
| 43 Tootal Road | £ 250,000 | 0.21 KM |