Summary - Embankment West, 3 New Kings Head Yard, SALFORD, M3 M3 7GN
1 bed 1 bath Apartment
Purpose-built modern one-bed with c.9% yield, tenanted to 2026 — city living cashflow.
- 527 sq ft one-bedroom apartment, third-floor with balcony
- Built 2021; modern finish and integrated kitchen appliances
- Currently tenanted to Sept 2026; sold with tenant in situ
- Strong gross rental yield approx 9% (current and projected figures)
- Long lease: 247 years remaining (since 2020)
- Service charge c. £1,947 pa and ground rent c. £388 pa (RPI reviews)
- Electric room heating (higher running costs vs gas heating)
- EPC C; EWS1 form available
A contemporary one-bedroom apartment in the Embankment West development, finished in 2021 and offering 527 sq ft of open-plan living. The property is currently tenanted to September 2026 and is marketed with an EWS1 form. Its central city location places Victoria Station and Deansgate within easy walking distance, supporting strong tenant demand and commuter rental appeal.
For investors this is a standout yield opportunity: current income produces c.9.09% gross at £1,250 pcm, with a projected gross yield of c.9.45% at £1,300 pcm. The apartment sits on the 3rd floor, has a balcony, modern kitchen with integrated appliances and good natural light—specifications that align with city-centre rental expectations.
Notable ownership facts and running costs are set out clearly. This is a long leasehold (247 years remaining) but carries an annual service charge of c. £1,947 and ground rent of c. £388 (reviewed every five years, linked to RPI). Heating is electric with room heaters, which can mean higher energy costs compared with gas-heated buildings; EPC rating is C. The property is offered with tenants in situ, so immediate owner-occupation would require notice and lease expiry planning.
Overall this apartment suits buyers seeking predictable city-centre rental income with minimal short-term refurbishment needs. Be aware of the service charge and electric heating when modelling net returns, and that vacant possession is not available until after the current tenancy ends.
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