Endeavour House, 1b Elmira Way... 1 bed flat for sale

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Endeavour House, 1b Elmira Way... 1 bed flat for sale

Endeavour House, 1b Elmira Way, Salford, M5
£119,500

Our Summary

  • High-Yield Tenanted Investment Opportunity – One-Bedroom Apartment Asking Price: £119,500 Tenant in Situ: Long-term tenant currently paying £975 PCM Fully Managed by X1 Sales and Lettings – 9% + VAT Management Fee Investment Breakdown Annual Rental Income:£975 per month × 12 months = £11,700 Annual Costs:Lettings Management Fee (9% + VAT): £1,263

Description

This is a fully furnished one-bedroom apartment located on the fourth floor of a building in Salford Quays, with a sitting tenant paying £975 per month. The property is situated opposite the Salford Quays tram stop, making it an ideal location for those working in Manchester City Centre. The apartment comes with a balcony and is fully managed by X1 Sales and Lettings, with a 9% + VAT management fee. The annual rental income is £11,700, with annual costs of £4,263.60, resulting in a net rental income of £7,436.40 and a net yield of 6.22%. The property is an attractive buy-to-let investment opportunity, perfect for students and professionals, with Hyperoptic internet available and a range of local amenities nearby, including the Lowry Outlet and Lowry Theatre.
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