1 bedroom apartment

X1 The Exchange, Elmira Way, Salford M5 3NQ

Size: 40 sqm

Purchase price

£130,000

Size: 40 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £9,000
Ground rent £250
Service charge £1,072
Lettings fees £1,080
Net income £6,598
Gross yield 6.92%
Net yield 5.08%

This spacious one bedroom apartment is situated in the popular X1 The Exchange development in Salford Quays. Tenanted for an immediate return on investment.


This one bedroom apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of fantastic on site facilities including a gymnasium.

The apartment is in one of the UK’s most exciting rental landscapes. X1 The Exchange is close to both MediaCityUK and Manchester city centre, making it the perfect home for the burgeoning number of young professionals living and working in Greater Manchester.

The development offers all the amenities for professionals working in the city, including an onsite gym and fabulous views overlooking the river and city.

Both Salford and Manchester are fantastic buy-to-let hotspots, with industry experts stating that there is room for regional house price growth of up to 30% in the next few years – unsurprising when statistics show that property prices in Salford have already risen by over 40% in the last five years alone (Zoopla, September 2018)!

Salford is not a city that stands still – ambitious regeneration and development programmes continue to inspire investors and developers and ensure that the city is one of the UK’s most determined, innovative and creative business destinations.

Not an investment to be missed out on!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Interested in this property? Enquire today for more information

Key features

Key features

Currently tenanted for immediate income

Key features

Let and managed by award-winning X1 Lettings

Key features

Close to MediaCityUK

Key features

Gymnasium on site

Key features

Excellent transport links

Key features

Shops and amenities nearby

Key features

Close to Manchester city centre.

This spacious one bedroom apartment is situated in the popular X1 The Exchange development in Salford Quays. Tenanted for an immediate return on investment. More info...

This one bedroom apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of fantastic on site facilities including a gymnasium.

The apartment is in one of the UK’s most exciting rental landscapes. X1 The Exchange is close to both MediaCityUK and Manchester city centre, making it the perfect home for the burgeoning number of young professionals living and working in Greater Manchester.

The development offers all the amenities for professionals working in the city, including an onsite gym and fabulous views overlooking the river and city.

Both Salford and Manchester are fantastic buy-to-let hotspots, with industry experts stating that there is room for regional house price growth of up to 30% in the next few years – unsurprising when statistics show that property prices in Salford have already risen by over 40% in the last five years alone (Zoopla, September 2018)!

Salford is not a city that stands still – ambitious regeneration and development programmes continue to inspire investors and developers and ensure that the city is one of the UK’s most determined, innovative and creative business destinations.

Not an investment to be missed out on!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

  • Key features
    Tick Desktop Currently tenanted for immediate income
    Tick Desktop Let and managed by award-winning X1 Lettings
    Tick Desktop Close to MediaCityUK
    Tick Desktop Gymnasium on site
    Tick Desktop Excellent transport links
    Tick Desktop Shops and amenities nearby
    Tick Desktop Close to Manchester city centre.
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £9,000
Ground rent £250
Service charge £1,072
Lettings fees £1,080
Net income £6,598
Gross yield 6.92%
Net yield 5.08%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.