The Railings, Middlewood Locks
RE

The Railings, Middlewood Locks

By Reside Manchester

£ 338,000

Reviews

3 out of 5 stars

Reside Manchester says ..

Middlewood Locks is an award-winning canalside neighbourhood and we are pleased to introduce the new phase, now available for purchase with immediate occupation. Railings has been thoughtfully designed and features traditional brick and high spec apartments, equipped with fully fitted ki...

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment located in Middlewood Locks, Salford. The apartment is modern and well-presented, as shown in the provided images. It benefits from a balcony offering views over the canal. The location is excellent, with good access to transport links including Salford Central train station (0.93km) and several other stations within a 2.5km radius. Several schools are nearby, including St Philip’s Cofe Primary School (0.26km) which has a ‘Good’ Ofsted rating. The area also benefits from the amenities of Middlewood Locks, a regenerated area with canal-side restaurants and shops. The apartment appears to be in excellent condition, with modern fixtures and fittings throughout. There is no evidence of any need for repair or renovation. The property has a small balcony, but no garden. Considering the average price per square foot in the area is £391, and the apartment is 699.65 sqft, a reasonable estimate would be around £273,000. The list price of £338,000 is therefore higher than the average, but given the modern condition, excellent location, and amenities of the development, it may be considered reasonable for this specific property. Further market research of comparable properties in the immediate area would help to confirm this.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
10
Location
10
Land
2
Bedrooms
2
Bathrooms
2
Sqft (est)
699.65

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
317,241.00 £
Increased by 23.69 %
from 256,486.00 £
Est sale value
354,722.55 £
Increased by 33.42 %
from 265,867.00 £
Average area rental value
1,453.00 £/mo
Increased by 5.60 %
from 1,376.00 £/mo
Est letting value
1,399.30 £/mo
Unchanged by 0.00 %
from 1,399.30 £/mo
Est rental Yield
5.50 %
Decreased by 14.60 %
from 6.44 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Reside Manchester created the listing.

Nearby Schools

NameTypeOfstedDistance
St Philip'S Cofe Primary SchoolVoluntary Aided SchoolGood0.26 KM
The Cathedral School Of St Peter And St John Rc PrimaryVoluntary Aided SchoolRequires improvement0.85 KM
University Of SalfordHigher Education InstitutionsGood0.97 KM
The Friars Primary SchoolCommunity SchoolRequires improvement1.09 KM
River View Community Primary SchoolCommunity SchoolGood1.41 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Rolling Street £ 000.00 KM
North Star Drive £ 000.00 KM
Clermont Way £ 000.00 KM
West Dean Street £ 000.00 KM
Potato Wharf £ 224,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Salford Central2798SFD0.93 KM
Deansgate2963DGT1.43 KM
Salford Crescent2794SLD1.63 KM
Manchester Victoria2970MCV2.37 KM
Manchester Oxford Road2966MCO2.37 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Railings, M5 £ 452,000BUY6 / 100.00 KM
Middlewood Locks, 15 Middlewood Street, Salford, M5 £ 200,000BUY5 / 100.00 KM
The Railings, Middlewood Locks £ 338,000BUY7 / 100.00 KM
The Railings, Middlewood Locks £ 247,000BUY7 / 100.00 KM
1 Lockgate Square, Salford, M5 £ 374,950BUY5 / 100.05 KM

Nearby Properties

AddressPriceDistance
18 Barrow Street £ 225,0000.31 KM
24 Barrow Street £ 225,0000.31 KM
357 Chapel Street £ 70,0000.39 KM
8 Encombe Place £ 222,5000.51 KM
11 Woollam Place £ 256,0000.61 KM