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 %
- Est sale value
- 238,140.00 £Increased by 75.54 %
- Average area rental value
- 1,504.00 £/moIncreased by 8.59 %
- Est letting value
- 840.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.12 %Decreased by 32.28 %
- Crime Rate
- 5.00 %Unchanged by 0.00 %
Agent Activity
RW Invest created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Chetham'S School Of Music | Other Independent School | 0.69 KM | |
| Cheetwood Primary School | Community School | Good | 0.87 KM |
| Abbey College Manchester | Other Independent School | 0.93 KM | |
| The Friars Primary School | Community School | Requires improvement | 1.03 KM |
| The Cooperative College | Miscellaneous | 1.12 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| East Reservoir Street | £ 485,000 | 0 | 0.00 KM |
| Sandywewll Lane | £ 500,000 | 0 | 0.00 KM |
| Boond Street | £ 0 | 0 | 0.00 KM |
| Gorton Street | £ 0 | 0 | 0.00 KM |
| Gorton Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manchester Victoria | 2970 | MCV | 0.75 KM |
| Salford Central | 2798 | SFD | 0.81 KM |
| Deansgate | 2963 | DGT | 1.54 KM |
| Manchester Oxford Road | 2966 | MCO | 1.75 KM |
| Manchester Piccadilly | 2968 | MAN | 2.35 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Embankment Exchange, Manchester | £ 279,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 259,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 289,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 239,950 | BUY | 6 / 10 | 0.00 KM |
| Embankment Exchange, Manchester | £ 229,950 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 6 Evans Street | £ 261,000 | 0.28 KM |
| 7 Evans Street | £ 72,500 | 0.28 KM |
| 29 Evans Street | £ 145,000 | 0.28 KM |
| 22 Evans Street | £ 37,500 | 0.28 KM |
| 1 Evans Street | £ 30,000 | 0.28 KM |