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2 bed Flat For Sale £185,000
X1 The Exchange, 8 Elmira Way, Manchester M5


Description
Yieldit are delighted to offer this fantastic 2 bedroom apartment to the market in the heart of Salford Quays. At 57.5sqm, this apartment offers ample space for tenants, comprising a hallway, living and dining area, kitchen, double bedroom and bathroom, second double bedroom and balcony. The apartment also comes fully furnished.

The apartment is 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.

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 15% in the last five years alone (Zoopla, Q4 2021)!

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’s 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. MediaCityUK is within easy walking distance as well and offers many cultural attractions.

This is not an investment to be missed out on!

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

Financial Breakdown

Gross rent: £9,780
Ground rent: £250
Service charge: £1,260
Lettings fees: £978
Net income: £7,292
Gross yield: 5.29%
Net yield: 3.94%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-17213

Follow the link for more information:
        
zoopla.co.uk

  
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