2 bedroom apartment for sale

>

2 bedroom apartment for sale

X1 The Exchange, 8 Elmira Way, Salford, Manchester, M5 3NQ
£155,000

Our Summary

  • Ideal investment opportunity

Description

This stunning modern apartment in X1 The Exchange, Salford, Manchester, is available to purchase as a tenanted, income-generating investment, offering a net yield of approximately 6% from completion. The property features a spacious open-plan living and dining area, a fully fitted high-gloss modern kitchen, balcony, and two generous double bedrooms. Located close to MediaCityUK and Manchester city centre, the apartment benefits from a range of sought-after amenities, including a fully equipped on-site gym and stunning views over the quays and city skyline. The property is part of a development that has seen a remarkable 40% increase in property prices over the last five years, and industry forecasts suggest regional house price growth of up to 30% in the coming years. The apartment is currently generating a gross rent of £15,000 per annum, with a net income of £10,574.21, providing a gross yield of 9.68% and a net yield of 6.82%.