2 Bed Flat, Single Let, Salford, M3 4EH, £260,000

Great Northern Tower, 1 Watson Street, City Centre, M3 4EH - 1 views - a month ago

Leasehold
BTL
ROI: 4%
~68 m²
+14 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£211,144

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£79,700

 

 

Cash Out

 

Rent Range

£1,250 - £4,750

Rent Estimate

£1,400

Running Costs/mo

£1,113

Cashflow/mo

£288

Cashflow/yr

£3,450

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110K to £430K, average is £190K. £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
£180K10/200.45 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£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
£175K12/220.54 mi7, Valerie Walk, Manchester, Greater Manchester M15 6DB2
£160K07/210.54 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£173K07/210.54 mi31, Conmere Square, Manchester, Greater Manchester M15 6DE2
£170K09/210.56 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/220.56 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
£210K09/210.59 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
£234K06/210.63 miApartment 381, Block 7 Spectrum, Blackfriars Road, Salford, Greater Manchester M3 7BY2
£172K03/240.63 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£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
£165K09/210.7 miFlat 17, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£205K03/230.7 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
£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 
£1,37505/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M32
£1,65005/240 miWatson Street, Manchester, M32
£1,65002/240 mi-2
£1,35005/240 miGreat Northern Tower, Watson Street, Deansgate, Manchester, M32
£1,29505/240 miGreat Northern Tower, Watson Street, Deansgate, Manchester, M32
£1,85006/240 miGreat Northern Tower, 1 Watson Street, Manchester M3 4EF2
£1,25005/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M3 4EP2
£1,45005/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M32
£1,40005/240 miWatson Street, Manchester, M32
£1,34505/240 miGreat Northern Tower, 1 Watson Street, Manchester, M3 4EP2
£1,33007/240.01 mi-2
£1,33006/240.01 miGreat Northern Tower, Manchester, M32
£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
£1,65005/240.02 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
£2,40002/250.09 mi-2
£2,40002/250.09 mi-2
£2,00005/240.09 miThe Residence, St John Street2
£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
£2,66512/240.14 miGreat Bridgewater Street, Manchester, M12
£2,10003/250.14 mi-2
£2,10002/250.14 mi-2
£2,10003/250.14 mi-2
£2,80006/240.14 miViadux, Deansgate2
£2,80006/240.14 miViadux, Deansgate2
£1,82501/250.15 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 £260,000

February 24, 2025

Floor Plans

Description

  • Mortgage buyers welcome +
  • Highly sought after development +
  • Fantastic location +
  • 9th floor with kyline views +
  • Two double bedrooms +
  • Two bathrooms +
  • Balcony +
  • 24 hr concierge +
  • Tenanted until September 2025 achieving £1,400 pcm +
  • Vacant possession available on request +

Goodwin Fish is delighted to offer for sale an apartment in one of Manchester`s most reputable city centre developments, Great Northern Tower. At a colossal 78 meters high and rising up in between the grade II listed Great Northern Warehouse and Manchester Central Convention Complex, this award winning steel and glass structure designed by Assael Architects is a prominent feature within Manchester`s skyline. Surrounded by an abundance of choice, you are perfectly positioned to get the very best from this thriving metropolis.

Located on the 9th floor and boasting skyline views, this property briefly comprises: entrance/hallway with storage cupboard; open plan lounge/diner with access to balcony; kitchen with integrated appliances; primary double bedroom with access to en suite; second double bedroom/study; primary bathroom,

The property is currently tenanted until September 2025 achieving £1,400 pcm. On request, a 6 month break clause can be exercised should vacant possession be required.

We have been advised that Taylor Wimpey has committed to funding fire safety improvement works out at no cost to the leaseholder.

Tenure: Leasehold
Annual service charge: £4,016.03
Annual ground rent: £413.02
Length of lease: 150 years from 2003
Current rental income: £1,400 pcm on a fully furnished basis.
Management company: Zenith

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Goodwin Fish, Manchester

0161 524 7872

Next Steps?

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