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Studio for sale

£62,950

Riverside House, 100 Blackfriars Road, Salford M3

Interested in this property? Call +44 161 244 9643 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Cash investors only
  • Approx 6% net guaranteed return
  • £3,770 per annum
  • Sell back after 2 years with 5% guaranteed increase in value
  • Fully managed student development
  • 24HR maintenance team
  • 100% occupancy

Property description

Riverside is a unique student development located on the banks of the River Irwell and 0.7 miles away from Deansgate and a short distance to Salford University campus. Built in 2013, Riverside is a unique and luxury purpose built student development. The development itself has an on site buildings manager, concierge and maintenance team. There is also laundry facilities and a cycle store.

Study bedrooms are in clusters of three to seven each with a high specification living area with sofa, dining table and chairs and TV. In the kitchen with cooker, microwave and fridge freezer, Each luxury apartment includes fully furnished living space and fitted kitchen complete with appliances.

Each bedroom has secure swipe card entry, is fully furnished with double beds, quality fixtures and fittings, en-suite shower room and have TV and broadband internet point.
Lounge

kitchen

dining area

bedroom

shower room


Market activity
Average price paid £217,728 Sales 360 Current average value £207,182 (Zoopla Zed-Index) Value change £7,577 ▲ 3.80%

Property value data/graphs for M3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £267,742 - 2.6 -
Semi-detached £158,251 £184 2.5 £160,283
Terraced £179,029 £249 2.5 £249,866
Flats £209,819 £311 1.8 £215,860

Current asking prices in M3

Average: £271,805
Avg. current asking prices in M3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £472,200
(1)
£200,000
(2)
£482,105
(7)
-
Flats £163,799
(54)
£265,594
(64)
£373,869
(22)
£3,500,000
(1)
-
All £163,799
(54)
£268,772
(65)
£359,380
(24)
£859,342
(8)
-

Current asking rents in M3

Average: £1,175 pcm
Avg. current asking prices in M3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £750 pcm
(1)
£1,025 pcm
(4)
- - -
Flats £1,097 pcm
(38)
£1,223 pcm
(113)
£1,300 pcm
(15)
- -
All £1,088 pcm
(39)
£1,216 pcm
(117)
£1,300 pcm
(15)
- -

Fun facts for M3

Highest value in M3
Highest value streets Zed-Index
St. Marys Parsonage £335,207
Deansgate £320,013
St. Philips Square £305,755
King Street West £299,338
Leftbank £290,197
Highest turnover in M3
Highest turnover streets Turnover
Greengate West 71.4%
Wadlow Close 46.2%
Lower Byrom Street 37.0%
Encombe Place 35.0%
Porchfield Square 33.3%

What Zoopla users think of Salford

Overall rating:

  • currently 3.5 stars
Good - 72% (368 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Salford:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Salford Central (0.5 miles)
  • Manchester Victoria (0.7 miles)
  • Salford Crescent (0.7 miles)
  • Manchester International Airport (9.4 miles)
  • Liverpool John Lennon Airport (26.7 miles)
  • Leeds Bradford International Airport (35.7 miles)
  • Liverpool Pier Head Ferry Terminal (30.9 miles)
  • Liverpool Belfast Ferry Terminal Bootle (30.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (31.0 miles)

Nearby schools

View all schools in Salford
  • The Friars Primary School (0.1 miles)
  • The Cathedral School of St Peter and St John RC Primary (0.2 miles)
  • River View Community Primary School (0.3 miles)
  • The Cooperative College (0.8 miles)
  • Abbey College Manchester (0.9 miles)
  • Edstart (1.1 miles)
  • Chetham's School of Music (0.7 miles)
  • The Albion Academy (0.8 miles)
  • King of Kings School (0.9 miles)
Note: Distances are straight line measurements

Local info for Salford

AskMe Q&A for Salford

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For more information about this property, please contact
Hunters - Manchester, M3 on +44 161 244 9643 * (local rate)

Monthly running costs Beta

£324 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,295
Repayment term 25
Interest rate 1.5
Your payment £226 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £26/mo (£306/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £17 Electricity £27 Estimated energy cost £44/mo

Similar properties could save up to £123

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Hunters - Manchester about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hunters - Manchester, and do not constitute property particulars. Please contact Hunters - Manchester for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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