Studio flat in Salford
Apartment 509, 2 New Kings Head Yard, Salford M3 7GH
- Property Type: Studio flat
- Contract Type: Unconditional with Variable Fee
Guide Price* £125,000+ plus fees
Property Description
An ideal opportunity to acquire an apartment within an exclusive and desirable development. Affinity Living Embankment West is part of a £10 million regeneration project in Manchester city centre. Built in 2021 by prestigious developer Select Property Group, it features 365 premium apartments across two buildings – Laurence Place and Exchange Point. This high-end property is state-of-the-art with amenities and services in abundance. It successfully transformed Salford into one of the Manchester’s most desirable residential districts and was awarded the Residential High-Rise Development UK prize at 2019/20 UK Property Awards. Breath taking views over Salford and Greengate coupled with facilities which include gym, coffee shop and concierge service makes this apartment a superb BTL investment or home. This studio apartment commands a rental income in excess of £12k per year and as such offers a handsome return on investment for a savvy investor. With rental incomes rising this property offers approx. a 10% return against the guide price.
Leasehold Information
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Additional Information:
Construction Material: (apartment block) Heating: Room heaters, electric. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.
Draft Sales Details
These sales details are awaiting vendor approval.
Tenure
Leasehold
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
Auction Details
Date 27th March 2025
Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.
Lot Information
Contact Us
If you have any questions, call our team on 0800 046 5454