Exchange Point, Embankment West, New... 1 bed apartment for sale

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Exchange Point, Embankment West, New... 1 bed apartment for sale

Exchange Point, Embankment West, New Kings Head Yard, Salford M3
£214,000

Price History

Initial price £260,000
06/08/24 £254,000
29/11/24 £248,000
28/03/25 £245,000
09/04/25 £219,000
01/07/25 £214,000
Price Change -17.69%

Description

This 9th floor, 1-bedroom, 1-bathroom apartment in the Exchange Point Embankment West development boasts a city view balcony and 527 square feet of living space. The property is pet-friendly and features electric heating, with amenities including a gym, resident workspace, 24-hour concierge, and in-house cafe. The building is EWS1 A1 rated and mortgage buyers are welcome. The property is currently tenanted until August 2025 and offers a 7.01% rental yield at £1250 per month, with a projected yield of 7.29% at £1300 per month. The lease has 250 years remaining since 2020, with a service charge of approximately £1947 per annum and ground rent of £425 per annum, which reviews every 5 years linked to RPI. The property is located in one of Manchester's biggest residential developments, Embankment West, which offers a range of amenities and a thriving community.