2 Bed Flat, Single Let, Salford, M3 4EF, £325,000

Great Northern Tower, 1, Watson Street, Manchester, M3 4EF - 3 months ago

Leasehold
BTL
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£110K - £430K
Sold Prices/m²£2.4K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£211,144

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Total Cash In

£102,450

 

 

Cash Out

 

Rent Range

£1,250 - £4,750

Rent Estimate

£1,317

Running Costs/mo

£1,299

Cashflow/mo

£18

Cashflow/yr

£216

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £110K to £430K, average is £187.5K. £2.4K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£285K06/210.16 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£277K07/210.2 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.2 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£220K06/210.21 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£240K04/210.38 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.38 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£230K08/210.41 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.41 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£210K03/210.42 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£400K04/210.43 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.43 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.43 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£220K12/220.45 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£250K11/230.51 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/210.51 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£155K10/210.51 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£171K09/210.51 mi34, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£141.7K06/210.52 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£207.5K12/200.53 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/230.53 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£110K04/210.53 mi21, Clarendon Street, Manchester, Greater Manchester M15 5ED2
£160K07/210.54 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£175K12/220.54 mi7, Valerie Walk, Manchester, Greater Manchester M15 6DB2
£173K07/210.54 mi31, Conmere Square, Manchester, Greater Manchester M15 6DE2
£170K09/210.57 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/220.57 miFlat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£199.9K10/200.58 miApartment 222, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DU2
£210K09/210.58 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£130K01/210.59 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£170K12/220.59 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£150K09/230.6 miApartment 219, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DY2
£165K12/230.61 mi57, Newcastle Street, Manchester, Greater Manchester M15 6HF2
£148K05/210.61 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.61 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.61 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£250K07/210.62 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.62 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£172K03/240.63 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£234K06/210.63 miApartment 381, Block 7 Spectrum, Blackfriars Road, Salford, Greater Manchester M3 7BY2
£161K02/240.64 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£152K04/210.65 mi160, Stretford Road, Manchester, Greater Manchester M15 5JH2
£170.5K10/230.65 mi154, Stretford Road, Manchester, Greater Manchester M15 5JH2
£165K01/210.65 mi56, Stretford Road, Manchester, Greater Manchester M15 5JH2
£145K06/210.67 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£165K09/210.71 miFlat 17, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£205K03/230.71 miFlat 32, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£200K03/230.71 miFlat 28, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£152.5K02/230.71 miFlat 30, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£130K05/230.74 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.74 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2

Local Rents

50 rents from £1.3K/mo to £4.8K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,85006/240 miGreat Northern Tower, 1 Watson Street, Manchester M3 4EF2
£1,37505/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M32
£1,65005/240 miWatson Street, Manchester, M32
£1,65002/240 mi-2
£1,40005/240 miWatson Street, Manchester, M32
£1,45005/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M32
£1,34505/240 miGreat Northern Tower, 1 Watson Street, Manchester, M3 4EP2
£1,35005/240 miGreat Northern Tower, Watson Street, Deansgate, Manchester, M32
£1,29505/240 miGreat Northern Tower, Watson Street, Deansgate, Manchester, M32
£1,25005/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M3 4EP2
£1,50005/240.01 miWatson Street, Manchester, Greater Manchester, M32
£1,65005/240.01 miGreat Northern Tower, Watson St Manchester M32
£1,40005/240.01 miGreat Northern Tower, 1 Watson Street, Manchester, Greater Manchester, M32
£1,35005/240.01 miGreat Northern Tower, Watson Street, Manchester, M32
£1,33007/240.01 mi-2
£1,33006/240.01 miGreat Northern Tower, Manchester, M32
£1,65005/240.02 miGreat Northern Tower, Watson Street2
£1,79505/240.04 miWatson Street, Manchester, M3 4EE2
£1,34506/240.04 miGreat Northern Tower, 1 Watson Street, Manchester, M3 4EP2
£2,95005/240.08 miGreat Bridgewater Street, Manchester, M22
£2,00005/240.09 miThe Residence, St John Street2
£2,40002/250.09 mi-2
£2,40002/250.09 mi-2
£1,90005/240.1 miSt. John Street Chambers, 2 St. John Street, Manchester, M32
£2,50006/240.13 miGreat Bridgewater Street, Manchester, M12
£2,10012/240.13 mi-2
£2,66512/240.13 miGreat Bridgewater Street, Manchester, M12
£2,10003/250.13 mi-2
£2,10002/250.13 mi-2
£2,10003/250.13 mi-2
£2,80006/240.13 miViadux, Deansgate2
£2,80006/240.14 miViadux, Deansgate2
£1,82501/250.14 mi-2
£4,75005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,99505/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,59505/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£2,10005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,65005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,75005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,95005/240.15 miBeetham Tower, Manchester, M32
£1,95006/240.15 miBeetham Tower, Manchester, M32
£1,95006/240.15 mi-2
£2,50005/240.15 miGreat Bridgewater Street, Manchester, Greater Manchester, M12
£2,50005/240.15 miViadux, Manchester2
£2,20005/240.15 miViadux, M12
£2,30005/240.15 miViadux, Manchester 2
£2,50005/240.15 miGreat Bridgewater Street, Manchester, Greater Manchester, M12
£2,50006/240.15 miViadux, Manchester 2
£2,30006/240.15 miViadux2
£2,50006/240.15 miGreat Bridgewater Street, Manchester, Greater Manchester, M12

Local Area Statistics

Population in M3

11,725

Population in Salford

88,697

Town centre distance

2.97 miles away

Nearest school

0.30 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Buyer's market

Capital growth (5yrs)

+3%

Property History

Listed for £325,000

January 14, 2025

Floor Plans

Description

  • Stunning, unobstructed views from the balcony +
  • Ideal owner occupier home or buy to let +
  • Parking included! +
  • Prime, central Manchester location +
  • Highly desired Great Northern Tower development +
  • EPC Rating = C +

Owner occupiers welcome! Stunning corner apartment with parking included in the highly desired Great Northern Tower development.

Description

Savills are delighted to present a stunning two bedroom, two bathroom, ninth floor corner apartment with unobstructed, exceptional city views and parking included!

Great Northern Tower has long been one of the most desired, premium places to reside in the city. Standing proud in the Manchester skyline, the development offers a supremely central location and 24/7 concierge on-site.

Internally there is a modern, spacious open plan living, kitchen and dining area. There are floor to ceiling windows, allowing for an abundance of light and unmatched views over the city centre. Perhaps the biggest unique selling point of the property though, being the balcony which offers an unrivalled, unobstructed view. Externally, the apartment comes with the benefit of a secure parking space.

Further, the property briefly comprises of two well-appointed double bedrooms, with the primary benefitting from a luxury en suite bathroom. The main bathroom is a three piece suite with a similarly, high standard of finish.

Available for both owner occupiers and buy to let investment, this is an excellent opportunity for the discerning buyer!

We are advised that there are no associated costs to leaseholders with respect to works to obtain the EWS1 form. Information and copy of a letter confirming this from the developer/building management is available upon request from the office.

Cladding/external wall system disclaimer: This property has cladding, as far as we know the current position with the property is:

It’s been tested and works are required however there are interim measures in place
* You should make enquires about the external wall system of the property, if it has cladding and if it is safe or if there are interim measures in place.

Location

Great Northern Tower enjoys an unrivalled location set in the heart of city centre Manchester. Market Square tram stop (0.6m) is situated close by for great access to Manchester's tram network, whilst Deansgate railway station is 0.3m distance for rail links.

Great Northern (0.1m) offers an ideal position for eating, drinking and activities. From the cinema, restaurants, bars, shops and entertainment, there's a host of things to keep you entertained whilst here.

Sports and entertainment are within easy reach also. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 1.7m and 2.4m away respectively.

For cultural activities, locally residents are only 0.4m from Castlefield Bowl which often hosts an array of food festivals and music gigs.

Please note all distances quoted are approximate.

Square Footage: 918 sq ft
Leasehold with approximately 129 years remaining.

Additional Info

Ground rent is reviewed in line with RPI, next review due 2033.

Agent Details

Savills, Manchester

0161 524 3346

Next Steps?

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