The Gateway, 15 Trafford Road, Salford, M5
- PROPERTY TYPE
Flat
- BEDROOMS
3
- SIZE
883 sq ft
82 sq m
Key features
- ideal for investors seeking long-term, hands-off rental income.
- * On-site Gym
- * Balcony with Amazing View
- * Great Location
- * Excellent Transport Link
Description
Asking Price: £240,000 | Tenant in Situ: £1,700 PCM until June 2026
A turnkey buy-to-let investment in the 2021 X1 The Gateway development. Fully furnished with premium fixtures, this 6th-floor apartment generates a secure gross rental income of £20,400 PA, with a net yield of 5.8% after service charge (£3,864.41), ground rent (£470.14), and management fees (9% + VAT).
Features: modern kitchen with integrated appliances, utility cupboard, contemporary interiors, EPC C. Excellent central location with strong transport links, restaurants, shops, and MediaCity access. Minimal management required.
Modern Investor-Ready 3 Bed, 2 Bath Apartment | X1 The Gateway, Manchester
Asking Price: £220,000
Tenant in Situ: Yes – Tenancy until June 2026 (£1,700 PCM / £20,400 PA)
A fantastic turnkey investment opportunity within X1 The Gateway, a modern development completed in 2021. This fully furnished apartment is currently tenanted, providing immediate and secure rental income, making it ideal for buy-to-let investors seeking a low-maintenance asset.
Property Highlights
Tenant in Situ: Secure rental income until June 2026
Fully Furnished: High-quality furniture package throughout
Modern Kitchen: Integrated appliances and white goods included
Utility Cupboard: Washer/dryer included
High-Quality Finish: Contemporary interiors throughout
EPC Rating: C
Financial Information
Rental Income: £1,700 PCM / £20,400 per annum
Service Charge (2026): £3,864.41 per annum
Ground Rent: £470.14 per annum (5-year RPI review – next review 2031)
Lease Length: 999 years from 01/01/2020
Lettings Fee (Full Management): 9% + VAT
Yield Calculations (Based on £220,000 Asking Price)
Gross Yield: 9.27%
(£20,400 ÷ £220,000)
Estimated Annual Costs
Service Charge: £3,864.41
Ground Rent: £470.14
Management (9% + VAT 10.8%): £2,203.20
Total Estimated Costs: £6,537.75
Estimated Net Rental Income: £13,862.25 per annum
Estimated Net Yield: 6.3%
Investor Notes
Long-term tenant already in place
Fully furnished turnkey investment
Strong rental demand within the development
Secure and predictable income stream
Location
Situated in a popular Manchester city centre development, the property benefits from excellent transport links and easy access to employment hubs including MediaCityUK and Manchester city centre. Residents enjoy close proximity to shops, restaurants, and local amenities.
This apartment represents a high-yielding, low-maintenance investment opportunity in one of Manchester’s most desirable rental locations.
Disclaimer:
Images may be of a similar unit within the development and may not reflect the exact apartment for sale. Please enquire if you would like confirmation that the images represent the specific unit.
- 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: D
- 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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The Gateway, 15 Trafford Road, Salford, M5
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Visit our security centre to find out moreDisclaimer - Property reference SAL250066. 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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