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 %
- Est sale value
- 291,850.00 £Increased by 22.34 %
- Average area rental value
- 1,397.00 £/moIncreased by 10.61 %
- Est letting value
- 1,300.00 £/moIncreased by 100.00 %
- Est rental Yield
- 5.62 %Decreased by 11.08 %
- Crime Rate
- 0.00 %
Agent Activity
yieldit marked this listing as sold.
yieldit created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Oasis Academy Mediacityuk | Academy Sponsor Led | Good | 0.64 KM |
| St Joseph'S Rc Primary School | Voluntary Aided School | Requires improvement | 0.67 KM |
| Primrose Hill Children'S Centre | Children's Centre Linked Site | 0.87 KM | |
| Primrose Hill Primary School And Children'S Centre | Community School | Requires improvement | 0.89 KM |
| Old Trafford Children'S Centre | Children's Centre Linked Site | 1.41 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hulton Street | £ 0 | 0 | 0.00 KM |
| Clippers Quay | £ 0 | 0 | 0.00 KM |
| Nine Acre Drive | £ 0 | 0 | 0.00 KM |
| King William Street | £ 0 | 0 | 0.00 KM |
| Trafford Road | £ 159,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manchester United Football Ground | 2996 | MUF | 1.37 KM |
| Salford Crescent | 2794 | SLD | 1.93 KM |
| Salford Central | 2798 | SFD | 3.24 KM |
| Deansgate | 2963 | DGT | 3.35 KM |
| Trafford Park | 2969 | TRA | 3.68 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Endeavour House, 1B, Elmira Way, Salford, M5 3LN | £ 150,000 | BUY | 5 / 10 | 0.00 KM |
| Brindley House, 1 Elmira Way, Salford, Greater Manchester, M5 | £ 140,000 | BUY | 5 / 10 | 0.02 KM |
| Elmira Way, Salford, Greater Manchester, M5 | £ 134,950 | BUY | 6 / 10 | 0.02 KM |
| Brindley House,, 1 Elmira Way, Salford, M5 | £ 145,000 | BUY | 5 / 10 | 0.02 KM |
| Pioneer House, 1C Elmira Way, Salford, M5 | £ 80,000 | BUY | 6 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 9 Craven Drive | £ 162,000 | 0.10 KM |
| 5 Craven Drive | £ 158,000 | 0.10 KM |
| 3 Craven Drive | £ 153,000 | 0.10 KM |
| 41 Craven Drive | £ 161,000 | 0.12 KM |
| 21 Paris Avenue | £ 105,750 | 0.15 KM |