Embankment Exchange, Manchester
RW

Embankment Exchange, Manchester

By RW Invest

£ 239,950

Reviews

3 out of 5 stars

RW Invest says ..

Unmissable 1-bed apartment in New-York Style skyscraper development. Projected 6% NET rental returns.

Property Oracle says ..

The property is a 1-bedroom apartment located in Salford, Greater Manchester. It is part of the Embankment Exchange development, a new build in a regeneration zone. The apartment is 420 sqft, which is smaller than the average for the area (709 sqft). The list price is £239,950, which is below the average price for the area (£308,777) and significantly below the average price per sqft (£435). However, comparable properties in the same development are listed at higher prices, suggesting the list price may be competitive but not necessarily a bargain. The location benefits from proximity to several train stations (Manchester Victoria, Salford Central, etc.) and schools, although the provided information does not detail their quality. The apartment appears modern and well-maintained based on the provided images. However, the lack of information on plot size and the absence of a garden should be noted. Overall, the property presents a potentially good investment opportunity, particularly considering the rental returns mentioned in similar listings within the development. However, buyers should carefully consider the smaller size compared to the average for the area.

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
9
Location
8
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
420.00

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 %
from 219,842.00 £
Est sale value
238,140.00 £
Increased by 75.54 %
from 135,660.00 £
Average area rental value
1,504.00 £/mo
Increased by 8.59 %
from 1,385.00 £/mo
Est letting value
840.00 £/mo
Unchanged by 0.00 %
from 840.00 £/mo
Est rental Yield
5.12 %
Decreased by 32.28 %
from 7.56 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • RW Invest created the listing.

Nearby Schools

NameTypeOfstedDistance
Chetham'S School Of MusicOther Independent School0.69 KM
Cheetwood Primary SchoolCommunity SchoolGood0.87 KM
Abbey College ManchesterOther Independent School0.93 KM
The Friars Primary SchoolCommunity SchoolRequires improvement1.03 KM
The Cooperative CollegeMiscellaneous1.12 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
East Reservoir Street £ 485,00000.00 KM
Sandywewll Lane £ 500,00000.00 KM
Boond Street £ 000.00 KM
Gorton Street £ 000.00 KM
Gorton Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manchester Victoria2970MCV0.75 KM
Salford Central2798SFD0.81 KM
Deansgate2963DGT1.54 KM
Manchester Oxford Road2966MCO1.75 KM
Manchester Piccadilly2968MAN2.35 KM

Nearby Listings

AddressPriceTypeScoreDistance
Embankment Exchange, Manchester £ 279,950BUY6 / 100.00 KM
Embankment Exchange, Manchester £ 259,950BUY6 / 100.00 KM
Embankment Exchange, Manchester £ 289,950BUY6 / 100.00 KM
Embankment Exchange, Manchester £ 239,950BUY6 / 100.00 KM
Embankment Exchange, Manchester £ 229,950BUY6 / 100.00 KM

Nearby Properties

AddressPriceDistance
6 Evans Street £ 261,0000.28 KM
7 Evans Street £ 72,5000.28 KM
29 Evans Street £ 145,0000.28 KM
22 Evans Street £ 37,5000.28 KM
1 Evans Street £ 30,0000.28 KM