3 bed Flat (for sale) New Kings Head Yard, Salford M3

£453,000
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North Property Group Ltd
One Brewery Wharf, Waterloo Street, Leeds
0113 482 9929
First Published

30th Jul 2020

Last Published

30th Jul 2020

 

Features

  • Type: Flat
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

Situated in the heart of Manchester City Centre, just a stones throw from Victoria Train Station, this brand new development offers unique character with it's industrial exposed brick industrial style and award winning design, whilst also comprising a state of the art gym, on site food and beverage outlet, ample communal lounge space, outdoor gardens with seating areas and private work space. The development will be completing in January 2021 meaning you can take advantage of the stamp duty savings and start seeing a 6% net rental return within the next 6 months.

Location Situated in the heart of the City Centre, Embankment West is just a 5 minute walk to Victoria train station. With excellent connectivity to the rest of Manchester and other key UK cities, we expect this development to experience high levels of tenant demand.

With 11,000 new jobs forecast to be created between 2018 and 2022, and a vast amount of major employers in the City Centre, Embankment West is ideally located for professionals looking for high specification accommodation.

Great sense of community The on-site restaurant brings friends and non-residents to the site, helping to drive people from all over the City Centre to the neighbourhood, creating desirability and further demand to live in this popular hot-spot.

Fantastic investment opportunity Manchester has one of the biggest populations in the country, with the city experiencing a 7% population growth during the previous decade, reaching over 2.7 million in 2019. With this growing population came a huge increase in demand for rental properties, however supply cannot keep pace. With such a lack of supply, now is the perfect time for investment.

On-site amenities With one of the biggest Generation Y populations, these people are a key demographic for Manchester's rental market, and this development has the perfect amenities to draw them in; with a state-of-the-art gymnasium, a co-working meeting room, landscaped communal areas, an on-site food and beverage outlet and more.

 

Local info for M3

 

Property Value Data/Graphs for M3

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 96% £275,940 1.9 1.1
Studio 2.5% £107,930 0.1 1
Town house 0.7% £435,375 3.3 2.5
Parking/garage 0.3% £31,250 0 0
Other 0.3% £730,000 4 2.5
Semi-detached house 0.2% £210,000 5 1

Area Information

Average Price Paid

£225,068

Sales

2808

Current Average Value

£273,420

Value Change

£48,352 21.5%

 

Current Asking Prices in M3 Average: £273,420

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £92,500 (2) £386,500 (1) £605,000 (3) - £403,333 (3)
Flats £165,808 (149) £286,117 (366) £439,679 (66) £1,895,000 (1) £535,000 (1)
All £164,837 (151) £286,391 (367) £446,867 (69) £1,895,000 (1) £436,250 (4)

Nearby Properties

6 bed Detached house () Broadway, Hale, Altrincham WA15 £5,500,000
6 bed Detached house () Charcoal Woods, Charcoal Road, Bowdon WA14 £5,250,000
6 bed Detached house () Rappax Road, Hale, Altrincham, Cheshire WA15 £4,500,000
5 bed Detached house () Broadway, Hale, Altrincham WA15 £3,990,000
5 bed Detached house () Brooks Drive, Hale Barns, Altrincham WA15 £3,650,000
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