2 Bedroom Apartment

8 Elmira Way, 
Salford,, 
Manchester, 
M5 3NQ
Purchase price
£175,000
  • Tenanted
ATTENTION INVESTORS, EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! This modern two bedroom, two bathroom apartment is in an excellent location.
  • Financial Performance*
Gross rent
£15,000
Ground rent
£250
Service charge
£2,678
Lettings fees
£1,440
Net income
£10,632
Gross yield
8.57%
Net yield
6.08%
  • Key Features
  • Ideal investment opportunity
  • Tenants in situ
  • Generate a high return right from completion
  • 7th floor
  • Two double bedrooms
  • Modern accommodation
  • Fantastic location in Salford Quays
  • Excellent amenities and transport links

This fabulous modern apartment is available to purchase as a tenanted income generating investment, with an impressive yield in the region of 6% NET to be generated right from completion. This apartment briefly comprises of a entrance hallway, open plan living and dining area, fully-fitted modern high gloss kitchen, double bedroom with en suite, a family bathroom and second double bedroom making this the ideal accommodation for young professionals, couples and sharers. The apartment is in one of the UK’s most exciting rental landscapes.

X1 The Exchange is close to both Media City UK 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 that renters in the area look for, including a fully equipped onsite gym and fabulous views overlooking the quays 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, which is unsurprising when statistics show that property prices in Salford have already risen by over 40% in the last five years alone. Salford is not a city that stands still, ambitious regeneration and development projects continue to inspire investors and developers and ensure that the city is one of the UK, most determined, innovative and creative business destinations. Tenants at X1 The Exchange can enjoy a fantastic range of local shops, bars and restaurants and make use of the good local transport system which offers direct access to Manchester city centre. Media City UK is within easy walking distance as well and offers many cultural attractions.

NB. In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by a Director of Yieldit Ltd.

  • Financial Performance *
Gross rent
£15,000
Ground rent
£250
Service charge
£2,678
Lettings fees
£1,440
Net income
£10,632
Gross yield
8.57%
Net yield
6.08%
*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.
  • Location
  • EPC
Energy Performance Rating