1 bed flat for sale

New Kings Head Yard, Salford M3

An excellent investment opportunity or stylish city-centre home, currently producing good rental income!

The Property Place are delighted to bring to market this modern two-bedroom apartment situated within the highly sought-after Laurence Place development, forming part of the popular Embankment West community.

Built in 2021, Laurence Place offers contemporary city-centre living combined with an impressive range of on-site resident facilities. The development is particularly attractive to professional tenants and owner-occupiers looking for convenience, lifestyle and excellent access to Manchester and Salford city centres.

The apartment comprises two double bedrooms, a modern bathroom and a bright open-plan living and kitchen area, providing a practical and spacious layout for both sharers, couples and professionals.

Investment Opportunity

The property is currently tenanted at £1,300 pcm, providing an immediate rental income stream for an investor looking for a ready-made investment rather than a vacant property requiring a new tenant.

At an asking price of £280,000, the current rent represents an approximate gross rental yield of 5.57%, before service charge, ground rent, management costs and other ownership expenses.

The existing tenancy also provides a useful indication of the property's rental demand, with similar two-bedroom apartments within Laurence Place currently being marketed at around £1,300–£1,350 pcm.

Resident Facilities

One of the major attractions of Laurence Place is the extensive range of facilities available to residents, including:

Fully equipped residents' gym

Dedicated co-working and working spaces

Residents' communal areas

On-site café

Resident discount at the café

Bike storage

Concierge service

Modern communal spaces

Lift access

These facilities make Laurence Place particularly appealing to modern city professionals who value having leisure, work and social amenities within their own development.

Location

The property is ideally positioned for access to Manchester City Centre, Salford and the surrounding areas, making it an excellent choice for professionals working across both Manchester and Salford.

Manchester Victoria, Deansgate, the Northern Quarter, Spinningfields, Manchester Arndale and the wider city-centre amenities are all within easy reach. The location offers an attractive balance between city-centre convenience and the increasingly popular Greengate/Embankment West residential area.

Laurence Place itself is a modern 2021 development, with the building offering a contemporary alternative to many of the older city-centre apartment blocks.

Ideal for Investors or First-Time Buyers

Whether you are looking for your first property purchase, a city-centre home or an investment with an existing tenant in place, this apartment offers considerable flexibility.

For an investor, the property provides an established rental income of £1,300 pcm and the appeal of a modern development with sought-after resident facilities.

For a first-time buyer, the apartment offers the opportunity to purchase a modern two-bedroom property in a highly connected location, with the benefit of excellent on-site amenities.

EPC Rating: B

Early viewing is highly recommended to appreciate the apartment and the facilities Laurence Place has to offer.

Please note: The property is currently tenanted, so viewings will be arranged subject to the tenant's availability and appropriate notice.