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Studio for sale

£118,495

Bridgewater Wharf Apartments, 257 Ordsall Lane, Salford M5

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Property features

  • Perfectly Placed Between Manchester & Salford
  • Local Rental Market is Growing Strongly
  • Superb Public Transport Links
  • Award-Winning Developer with an Excellent Track Record
  • Let & Managed by an Experienced Lettings Agent

Property description

Bridgewater Wharf Apartments

Each apartment will be completed with contemporary fixtures and fittings which will raise the bar when it ones to modern living in thus busy city. In addition, many apartments include spacious balconies which overlook Salford and Manchester, providing the sort of views which are in high demand.

Bridgewater Wharf is the perfect home for people looking to live close to both Manchester city centre and the picturesque Salford Quays waterfront, which includes MediaCityUK.

Both are only a short distance from the development as are all the restaurants, shops, bars and public transport options that anyone could ask for. When on-site amenities are considered – such as secure cycle storage, a communal residents lounge, a private gymnasium and parking on selected units including electrical charging points – Bridgewater Wharf is an outstanding opportunity for investors.

Investment Overview

• Perfectly Placed Between Manchester & Salford
• Local Rental Market is Growing Strongly
• Superb Public Transport Links
• Award-Winning Developer with an Excellent Track Record
• Let & Managed by an Experienced Lettings Agent

Why Invest in Greater Manchester

The Private Rented Sector is expected to grow by 24% by 2021 and rents are similarly on an upward curve, with the North west experiencing the fastest level of rental growth in the last12 months, up 3.6%.

There is no doubt that the UK property market is going from strength to strength. The number of people renting in the UK is at a modern day high, particularly in key Norther cities like Salford & Manchester where a combination of progressive local culture, a growing population, and a strong business community have resulted in the perfect environment for property investment.

Developments like Bridgewater Wharf which sit on the border of these two cities are perfectly located to take advantage of everything on offer in one of the uk’s most exciting areas.

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Sizes listed are approximations. Please contact the agent to verify actual sizes

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Market activity
Average price paid £144,985 Sales 266 Current average value £130,072 (Zoopla Zed-Index) Value change -£3,331 ▼ -2.50%

Property value data/graphs for M5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £187,531 £138 2.8 £305,450
Semi-detached £137,363 £167 2.9 £160,312
Terraced £118,486 £142 2.8 £146,369
Flats £131,760 £207 1.9 £139,892

Current asking prices in M5

Average: £213,144
Avg. current asking prices in M5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £218,000
(2)
£181,667
(6)
£199,094
(10)
£267,498
(2)
£237,500
(2)
Flats £141,588
(65)
£210,355
(141)
£348,261
(43)
£115,000
(1)
-
All £143,869
(67)
£209,184
(147)
£320,116
(53)
£216,665
(3)
£237,500
(2)

Current asking rents in M5

Average: £855 pcm
Avg. current asking prices in M5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £400 pcm
(14)
£600 pcm
(2)
£969 pcm
(8)
£1,365 pcm
(6)
£1,169 pcm
(6)
Flats £532 pcm
(34)
£860 pcm
(95)
£1,124 pcm
(19)
- -
All £494 pcm
(48)
£855 pcm
(97)
£1,078 pcm
(27)
£1,365 pcm
(6)
£1,169 pcm
(6)

Fun facts for M5

Highest value in M5
Highest value streets Zed-Index
Fire Station Square £268,228
Weaste Lane £220,345
Crescent £213,077
Derwent Street £165,802
South Hall Street £162,048
Highest turnover in M5
Highest turnover streets Turnover
Greenwood Terrace 40.0%
Treelands Walk 40.0%
Emerson Street 37.0%
Buile Hill Drive 33.3%
South Hall Street 30.5%

What Zoopla users think of Salford

Overall rating:

  • currently 3.5 stars
Good - 72% (374 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.
Please note your vote will only be counted once.

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

  • Manchester United Football Ground (0.8 miles)
  • Deansgate (1.0 mile)
  • Salford Crescent (1.1 miles)
  • Manchester International Airport (8.0 miles)
  • Liverpool John Lennon Airport (25.5 miles)
  • Leeds Bradford International Airport (37.2 miles)
  • Liverpool Pier Head Ferry Terminal (30.0 miles)
  • Liverpool Isle of Man & Dublin Terminal (30.1 miles)
  • Liverpool Belfast Ferry Terminal Bootle (30.2 miles)

Nearby schools

View all schools in Salford
  • St Joseph's RC Primary School (0.4 miles)
  • Primrose Hill Primary School and Children's Centre (0.5 miles)
  • Old Trafford Community Academy (0.6 miles)
  • Abbey College Manchester (1.5 miles)
  • Connell Sixth Form College (3.5 miles)
  • Oldham Sixth Form College (8.0 miles)
  • Oasis Academy MediaCityUK (0.5 miles)
  • Stretford High School (1.2 miles)
  • St John Vianney School (1.3 miles)
Note: Distances are straight line measurements

Local info for Salford

About the neighbours in M5

AskMe Q&A for Salford

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For more information about this property, please contact
Alesco Investment Properties, SW18 on +44 20 8033 7635 * (local rate)

Monthly running costs Beta

£623 Monthly total

Mortgage

Purchase price
Deposit (10%) 11,849
Repayment term 25
Interest rate 1.5
Your payment £426 /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 £99,000 Contents value up to £15,000 Average insurance cost £15/mo (£182/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 £19 Electricity £24 Estimated energy cost £43/mo

Similar properties could save up to £144

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.

Contact Alesco Investment Properties 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 Alesco Investment Properties, and do not constitute property particulars. Please contact Alesco Investment Properties 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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