Endeavour House, 1b Elmira Way, Salford, M5
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Gross Yield: 9.79%
- Net Yield (After Costs): 6.22%
- Cash purchase
- 41 Sq Metres
- OVERNIGHT SECURITY
- CLOSE TO LOCAL SHOPS, BARS AND RESTAURANTS
- OPPOSITE SALFORD QUAYS TRAM STOP
- WALKING DISTANCE TO MEDIA CITY
- FOURTH FLOOR
- IDYLLIC SALFORD QUAYS LOCATION
Description
High-Yield Tenanted Investment Opportunity – One-Bedroom Apartment
Asking Price: £119,500
Tenant in Situ: Long-term tenant currently paying £975 PCM
Fully Managed by X1 Sales and Lettings – 9% + VAT Management Fee
Investment Breakdown
Annual Rental Income:
£975 per month × 12 months = £11,700
Annual Costs:
Lettings Management Fee (9% + VAT): £1,263.60
Service Charge: £2,600
Ground Rent: £400
Total Annual Costs: £4,263.60
Net Rental Income:
£11,700 - £4,263.60 = £7,436.40
Attractive Yield:
Gross Yield: 9.79%
Net Yield (After Costs): 6.22%
Property Features:
Prime Salford Quays Location
One-Bedroom Apartment with Balcony
Ideal Buy-to-Let investment, perfect for students and professionals
Hyperoptic Internet available – ideal for modern tenants
Furnishing & Fittings:
Fully Furnished
Fitted Kitchen
Modern Bathroom
Local Amenities:
Lowry Outlet & Lowry Theatre within walking distance
Variety of bars, restaurants, and cafes nearby
Just a 10-minute walk from Salford Quays & Exchange Quay tram stops
Tesco Express within reach
Easy commute to Manchester City Centre
Walking distance to MediaCityUK
Note: The images provided are of the show apartment. The size and layout of individual apartments may vary.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Endeavour House, 1b Elmira Way, Salford, M5
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Visit our security centre to find out moreDisclaimer - Property reference TER220071. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales & Lettings, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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