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1 bed flat for sale

£120,000

Chapel Street, Salford, Manchester M3

1 1
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Property features

  •  Prices from £120,000
  •  7% assured return for the first year
  •  Stunning period architecture with prime city centre location
  •  Highly experienced developer
  •  High-end design with luxury appointments and fitted kitchens
  •  500m from Deansgate

Property description

Caxton Hall was built in 1904 for the Typographical Society of Manchester and has served as a commercial building ever since.
The developer has been granted planning permission to redevelop the building into 23 residential apartments whilst retaining its period features and visual charm.
The development represents a unique opportunity to invest in Manchester’s growing rental market which offers the highest property investment yields in the UK
(hsbc - 2016). Average investment yields in Manchester are 55% higher than London and average property prices are increasing yearon- year.
The apartments at Caxton Hall will offer a high-quality specification for discerning tenants & residents along with monitored CCTV surveillance and intercom entryphone system.

The apartments on offer at Caxton Hall have been designed for the young professional market in Manchester. Each apartment will feature a spacious combined kitchen and living area with premium finishes and furnishings to create a truly premium product. Several key economic developments in Manchester have created an increase in demand for central, well-furnished accommodation for young professionals for which the apartments at Caxton Hall are perfectly suited.

All apartments will offer:
- High-end design
- Hand made fitted kitchens
- Fully integrated Baumatic appliances
- Flexible storage arrangements
- Luxury furniture packs (optional)
- En-suite white bathroom suites with
- chrome taps and mixers
- Oak effect flooring in kitchen
- Carpet in bedroom and living space

More people and businesses are flocking to Manchester than any other city in the UK, creating demand for an impressive catalogue of new property investments across the city.
Developments that are currently in the works include the ambitious Northern Gateway regeneration project and a £1bn expansion to MediaCityUK, providing more production space alongside a new hotel and more than 1,400 new homes.

Manchester offers the highest investment yields compared to other UK cities, even beating London by an average of 55%. A recently-signed devolution deal gives the
city more economic power and will lead to a further collection of strong opportunities.
With a high profitable return and lower operation costs than other cities, Manchester truly is becoming an investment hotspot to take advantage of.
With an increasing population and more projects in the pipeline, Manchester is becoming one of the fastest growing cities.
Market activity
Average price paid £222,597 Sales 343 Current average value £207,355 (Zoopla Zed-Index) Value change £2,356 ▲ 1.15%

Property value data/graphs for M3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £268,658 - 2.6 -
Semi-detached £156,745 £182 2.5 £163,616
Terraced £194,302 £257 2.5 £278,932
Flats £209,457 £310 1.8 £217,444

Current asking prices in M3

Average: £271,007
Avg. current asking prices in M3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £523,500
(3)
£349,975
(2)
£493,685
(1)
-
Flats £170,973
(98)
£292,603
(137)
£390,502
(33)
£2,237,500
(2)
-
All £170,973
(98)
£297,550
(140)
£388,186
(35)
£1,656,228
(3)
-

Current asking rents in M3

Average: £1,130 pcm
Avg. current asking prices in M3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £477 pcm
(1)
£1,248 pcm
(1)
£1,179 pcm
(2)
- -
Flats £943 pcm
(84)
£1,293 pcm
(124)
£1,395 pcm
(5)
- £2,860 pcm
(1)
All £937 pcm
(85)
£1,293 pcm
(125)
£1,333 pcm
(7)
- £2,860 pcm
(1)

Fun facts for M3

Highest value in M3
Highest value streets Zed-Index
St. Marys Parsonage £333,584
Deansgate £318,728
St. Philips Square £303,738
King Street West £303,054
Leftbank £290,022
Highest turnover in M3
Highest turnover streets Turnover
Regent Road 60.0%
Greengate West 57.1%
Encombe Place 50.0%
Lower Byrom Street 41.3%
Wadlow Close 38.5%

What Zoopla users think of Salford

Overall rating:

  • currently 3.5 stars
Good - 72% (402 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Salford:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Salford Central (0.2 miles)
  • Manchester Victoria (0.4 miles)
  • Deansgate (0.7 miles)
  • Manchester International Airport (9.1 miles)
  • Liverpool John Lennon Airport (26.8 miles)
  • Leeds Bradford International Airport (35.8 miles)
  • Liverpool Pier Head Ferry Terminal (31.2 miles)
  • Liverpool Belfast Ferry Terminal Bootle (31.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (31.3 miles)

Nearby schools

View all schools in Salford
  • The Cathedral School of St Peter and St John RC Primary (0.4 miles)
  • The Friars Primary School (0.4 miles)
  • St Philip's CofE Primary School (0.5 miles)
  • Abbey College Manchester (0.4 miles)
  • Connell Sixth Form College (2.5 miles)
  • Oldham Sixth Form College (6.6 miles)
  • Chetham's School of Music (0.3 miles)
  • Eden Boys' Leadership Academy, Manchester (1.1 miles)
  • Eden Girls' Leadership Academy , Manchester (1.2 miles)
Note: Distances are straight line measurements

Local info for Salford

About the neighbours in M3

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For more information about this property, please contact
Sand Royale, SS9 on +44 1702 787668 * (local rate)

Monthly running costs Beta

£616 Monthly total

Mortgage

Purchase price
Deposit (10%) 12,000
Repayment term 25
Interest rate 1.5
Your payment £431 /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.

Energy

Gas £20 Electricity £26 Estimated energy cost £46/mo

Similar properties could save up to £137

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

Council Tax

Local authority

Salford

Estimated tax band A Council tax cost £111 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

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.

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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 Sand Royale, and do not constitute property particulars. Please contact Sand Royale 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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