Endeavour House, 1b Elmira Way, Salford, M5
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Gross Yield = 11.41%
- Net Yield= 7.25%
- 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, Salford Quays
Investment Overview
Asking Price: £100,000
Tenant in Situ: Let until 27/07/2026
Rent: £975 pcm (£11,700 pa)
Management Fee: 9% + VAT (10.8% total)
Service Charge: £2,600 pa
Ground Rent: £400 pa
Investment Breakdown
Annual Rental Income: £11,700
Annual Costs:
Lettings Management Fee: £11,700 × 10.8% = £1,263.60
Service Charge: £2,600
Ground Rent: £400
Total Annual Costs: £4,263.60
Net Annual Income: £11,700 – £4,263.60 = £7,436.40
Yield Calculations:
Gross Yield: 11.7%
Net Yield: 7.4%
Strong, predictable rental income for a cash investor, with tenant already in situ.
Property Features
Prime Salford Quays location
One-bedroom apartment with balcony
Fully furnished, modern kitchen and bathroom
Ideal buy-to-let investment for students or professionals
Hyperoptic internet – attractive to modern tenants
Local Amenities
Lowry Outlet & Lowry Theatre within walking distance
Range of bars, restaurants, and cafes nearby
10-minute walk to Salford Quays & Exchange Quay tram stops
Tesco Express and other shops close by
Easy commute to Manchester City Centre
Walking distance to MediaCityUK
Investment Highlights
High-yielding, fully tenanted property
Predictable rental income with minimal management risk
Excellent location with strong demand from professionals and students
Secure cash flow and low void risk
Note: Images may be of the show apartment. Size and layout of individual apartments may vary.
Images are for illustrative purposes only and MAY show a similar unit within the development. The images MAY not reflect the exact apartment for sale. Please ask if you would like us to confirm if the images reflect the actual apartment.
- 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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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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.
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