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

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 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.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

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

Map

Apartment 509, 2 New Kings Head Yard, Salford M3 7GH