2 bed flat for sale

X1 The Exchange, 8 Elmira Way, Salford, Manchester M5

X1 The Exchange, 8 Elmira Way, Salford, Manchester, M5 3Nq

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 comprises of a entrance hallway, open plan living and dining area, private balcony, fully-fitted modern high gloss kitchen, double bedroom with ensuite, a three-piece suite 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.

Financial Breakdown

Gross Rent: £14,700.00
Net income: £10,304.21
Gross yield: 9.19%
Net yield: 6.44%
Please contact agent for full financial breakdown.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08195