2 Bed Flat, Single Let, Salford, M5 3NQ, £170,000

The Exchange, 8 Elmira Way, Salford Quays, Greater Manchester, M5 3NQ - 3 views - 2 months ago

Leasehold
BTL
ROI: 11%
~68 m²
+5 photos

ValuationUndervalued











Cashflows



































Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.53 miles away

Nearest school

0.30 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £170,000

January 24, 2025

Floor Plans

Description

  • AVAILABLE LISTING +
  • TWO-BEDROOM APARTMENT +
  • FOURTH FLOOR +
  • FULLY FURNISHED +
  • LONG TERM TENANT IN SITU +
  • BALCONY SPACE +
  • EPC GRADE C +
  • COUNCIL TAX C +

FOURTH FLOOR one-bedroom listing in fully occupied building X1 The Exchange in central Salford Quays! Long term tenant in place.

X1 Sales presents this FOURTH floor two-bedroom, two-bathroom apartment for sale in X1 The Exchange.

Pictures and walkthrough are of EXACT property!

About this development
X1 The Exchange has a range of fully furnished, spacious apartments in the heart of Salford Quays.

The property is a short walk away from a wide choice of restaurants, bars and shops in the ever popular Media City. The Lowry Theatre, Lowry Outlet and Helly Hansen Watersports centre are highlights of this property’s location.

An on site gym is available 24/7 using a tenant access card.

An overnight security guard is stationed on site every evening until early morning.

Overview:
Tenant in situ until April 2025, achieving £1,250 pcm
2025 Service Charge - £2,637.37 pa
Ground Rent - £250p/a (5 Year RPI) review date 19.03.2025
Tenure - Leasehold (130 years, 5 months remaining)

COUNCIL TAX BAND C
EPC Rating C

Agent Details

X1 Sales & Lettings, Salford

0151 453 8069

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪