1 bedroom apartment

Elmira Way, Manchester M5 3NQ

Size: 40 sqm

Purchase price

£145,000

Size: 40 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £9,000
Ground rent £250
Service charge £1,429
Lettings fees £864
Net income £6,457
Gross yield 6.21%
Net yield 4.45%

This one bedroom apartment comes fully furnished to a high standard and enjoy a modern and stylish finish with the added bonus of fantastic on site facilities with NET yields of 4.81%! The apartment briefly comprises; entrance hallway, kitchen/diner/living room, double bedroom and family bathroom.

These apartments are 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.

Residence in Salford, within the Greater Manchester region, offers a distinctly lower cost of living than London, as well as lower commercial and residential property prices, so it is unsurprising that the shift in focus from London to Manchester is rapidly becoming a national trend.

Salford Quays has seen a plethora of young professionals surging to the area since the completion of the MediaCityUK site in 2008. Therefore, high-end rental accommodation is perfect for this growing population of young workers seeking to live and work in the dynamic and thriving area.

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 49% in the last ten years alone (Zoopla, October 2021)!

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

Superb one bedroom apartment with NET yield of 4.45%! Earn instant income on this already tenanted investment opportunity in the heart of Salford Quays. Enquire today to avoid disappointment!

Interested in this property? Enquire today for more information

Key features

Key features

EWS1 Form in place

Key features

Earn instant income

Key features

Buy to let hotspot

Key features

One bedroom apartment

Key features

Fifth floor

Key features

Excellent transport links

Key features

Spacious open plan living

Key features

Finished to high standard

Key features

Fully managed

Key features

Superb onsite facilities

Superb one bedroom apartment with NET yield of 4.45%! Earn instant income on this already tenanted investment opportunity in the heart of Salford Quays. Enquire today to avoid disappointment! More info...

This one bedroom apartment comes fully furnished to a high standard and enjoy a modern and stylish finish with the added bonus of fantastic on site facilities with NET yields of 4.81%! The apartment briefly comprises; entrance hallway, kitchen/diner/living room, double bedroom and family bathroom.

These apartments are 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.

Residence in Salford, within the Greater Manchester region, offers a distinctly lower cost of living than London, as well as lower commercial and residential property prices, so it is unsurprising that the shift in focus from London to Manchester is rapidly becoming a national trend.

Salford Quays has seen a plethora of young professionals surging to the area since the completion of the MediaCityUK site in 2008. Therefore, high-end rental accommodation is perfect for this growing population of young workers seeking to live and work in the dynamic and thriving area.

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 49% in the last ten years alone (Zoopla, October 2021)!

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

  • Key features
    Tick Desktop EWS1 Form in place
    Tick Desktop Earn instant income
    Tick Desktop Buy to let hotspot
    Tick Desktop One bedroom apartment
    Tick Desktop Fifth floor
    Tick Desktop Excellent transport links
    Tick Desktop Spacious open plan living
    Tick Desktop Finished to high standard
    Tick Desktop Fully managed
    Tick Desktop Superb onsite facilities
  • 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 £1,429
Lettings fees £864
Net income £6,457
Gross yield 6.21%
Net yield 4.45%

*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.