1 bedroom apartment for sale

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1 bedroom apartment for sale

Embankment West, 3 New Kings Head Yard, SALFORD, M3
£165,000

Price History

Initial price £200,000
28/06/24 £195,000
03/08/24 £191,000
12/08/24 £190,000
03/05/25 £180,000
10/07/25 £175,000
15/07/25 £165,000
Price Change -17.50%

Description

This 3rd floor one-bedroom apartment in the Embankment West development offers a 9% rental yield, making it an attractive investment opportunity. The property is located in the city centre, just a stone's throw away from Victoria Station and Deansgate, and is pet-friendly. The apartment is currently tenanted until September 2026, and with a 250-year lease since 2020, offers long-term security. The service charge is approximately £1947 per annum, and the ground rent is approximately £388 per annum, with a 5-year review period linked to the Retail Price Index. With a projected 9.45% rental yield at £1300 per calendar month, this property is a great opportunity for investors and owner-occupants alike.