Summary - Embankment West, 2 New Kings Head Yard, SALFORD, M3 M3 7GJ
2 bed 1 bath Apartment
High-yield 8th-floor two-bed in Embankment West — let until 2026 with EWS1 in place.
8th-floor two-bedroom apartment, 645 sq ft, built 2021
Documented EWS1 A1 rating — reduced cladding/title concern
Currently let to Aug 2026; immediate rental income
Current yield 7.04% (£1,350 pcm); projected 7.30% (£1,400 pcm)
Long lease remaining (c.248–250 years from 2021)
Service charge approx £2,424.88 pa; budget accordingly
Ground rent approx £582.38 pa — relatively high
Electric room heaters (electric fuel) — consider running costs
This eighth-floor, two-bedroom apartment in Embankment West offers turn-key city-centre rental performance with a documented EWS1 A1 rating. At 645 sq ft in a 2021-built development, the flat benefits from full-height windows, bright open-plan living, and views across Greengate and Salford. The building sits amid cafes, shops and transport links, making it straightforward to let to professionals or students.
Current income produces a strong headline yield (7.04% at £1,350pcm; projected 7.30% at £1,400pcm). The property is let and contracted until August 2026, delivering immediate rental income for a buyer seeking cash flow. The long lease (c.248–250 years from 2021) and EWS1 form reduce medium-term title risk for purchasers.
Buyers should note this is a leasehold unit with an annual service charge of approximately £2,424.88 and a ground rent of c. £582.38 pa. Heating is by electric room heaters and the main fuel is electricity; running costs will differ from gas-heated properties. The advert states a cash-only sale condition — confirm purchase restrictions and financing options before bidding.
This apartment will suit investors looking for central Manchester exposure and reliable income, or owner-occupiers who can accept an existing tenancy. The property’s modern specification and central location give strong lettability, but factor in service charges, ground rent and electric heating when assessing net yield and running costs.
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