Spinner House, 1A, Elmira Way, Salford, M5 3LH
YI

Spinner House, 1A, Elmira Way, Salford, M5 3LH

By yieldit

£ 128,000

Reviews

2 out of 5 stars

yieldit says ..

ATTENTION INVESTORS - FANTASTIC INVESTMENT OPPORTUNITY! Top floor one bedroom apartment with balcony in the ever popular Salford Quays area which can generate you immediate income.

Property Oracle says ..

This one-bedroom apartment in Salford Quays, Manchester, presents a reasonable investment opportunity for potential buyers. Situated in a regenerated area with proximity to MediaCityUK, the location benefits from employment opportunities and associated amenities. The property itself offers a decent amount of living space, comprising of a bedroom, bathroom, kitchen and a lounge. A small balcony provides some access to the outdoors. The apartment’s condition seems liveable, although some minor maintenance and improvements could be advantageous. The listed price appears competitive relative to other similar listings in the area, although a lack of precise square footage for nearby properties makes definitive comparison difficult. The absence of a garden or extensive land is a notable limitation, typically associated with apartment living. Overall, while not perfect, it shows promise as an affordable entry point into the vibrant Salford Quays area, particularly attractive to investors or first-time buyers. The apartment’s condition is presented accurately. In summary this apartment represents a solid investment opportunity. This is particularly attractive to investors due to the location’s potential for rental income. However, the general condition of the property and its limited private external space may deter some buyers looking for a larger, more luxurious apartment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
650.00

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
298,335.00 £
Increased by 24.44 %
from 239,734.00 £
Est sale value
291,850.00 £
Increased by 22.34 %
from 238,550.00 £
Average area rental value
1,397.00 £/mo
Increased by 10.61 %
from 1,263.00 £/mo
Est letting value
1,300.00 £/mo
Increased by 100.00 %
from 650.00 £/mo
Est rental Yield
5.62 %
Decreased by 11.08 %
from 6.32 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • yieldit marked this listing as sold.

  • yieldit created the listing.

Nearby Schools

NameTypeOfstedDistance
Oasis Academy MediacityukAcademy Sponsor LedGood0.64 KM
St Joseph'S Rc Primary SchoolVoluntary Aided SchoolRequires improvement0.67 KM
Primrose Hill Children'S CentreChildren's Centre Linked Site0.87 KM
Primrose Hill Primary School And Children'S CentreCommunity SchoolRequires improvement0.89 KM
Old Trafford Children'S CentreChildren's Centre Linked Site1.41 KM

Images

spinnerhs35external_edited.jpg spinnerhs35IMG_3344_edited.jpg spinnerhs35IMG_3349_edited.jpg spinnerhs35IMG_3346_edited.jpg spinnerhs35IMG_3347_edited.jpg spinnerhs35IMG_3348_edited.jpg spinnerhs35IMG_3350_edited.jpg spinnerhs35IMG_3340_edited.jpg spinnerhs35IMG_3342_edited.jpg spinnerhs35IMG_3339_edited.jpg spinnerhs35IMG_3341_edited.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Hulton Street £ 000.00 KM
Clippers Quay £ 000.00 KM
Nine Acre Drive £ 000.00 KM
King William Street £ 000.00 KM
Trafford Road £ 159,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Manchester United Football Ground2996MUF1.37 KM
Salford Crescent2794SLD1.93 KM
Salford Central2798SFD3.24 KM
Deansgate2963DGT3.35 KM
Trafford Park2969TRA3.68 KM

Nearby Listings

AddressPriceTypeScoreDistance
Endeavour House, 1B, Elmira Way, Salford, M5 3LN £ 150,000BUY5 / 100.00 KM
Brindley House, 1 Elmira Way, Salford, Greater Manchester, M5 £ 140,000BUY5 / 100.02 KM
Elmira Way, Salford, Greater Manchester, M5 £ 134,950BUY6 / 100.02 KM
Brindley House,, 1 Elmira Way, Salford, M5 £ 145,000BUY5 / 100.02 KM
Pioneer House, 1C Elmira Way, Salford, M5 £ 80,000BUY6 / 100.04 KM

Nearby Properties

AddressPriceDistance
9 Craven Drive £ 162,0000.10 KM
5 Craven Drive £ 158,0000.10 KM
3 Craven Drive £ 153,0000.10 KM
41 Craven Drive £ 161,0000.12 KM
21 Paris Avenue £ 105,7500.15 KM