2 bedroom apartment for sale

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2 bedroom apartment for sale

X1 The Exchange, 8 Elmira Way, Salford, Manchester M5
£160,000

Our Summary

  • Ideal investment opportunity

Description

This modern apartment at X1 The Exchange in Salford, Manchester, is available to purchase as a tenanted, income-generating investment, offering a net yield of approximately 6% from completion. The property features an open-plan living and dining area, a fully fitted kitchen, balcony, three-piece bathroom, and two double bedrooms. Located near MediaCityUK and Manchester city centre, the apartment is close to employment and lifestyle hubs, and the development offers a range of amenities, including a gym and stunning views. The property is tenanted, with a gross rent of £15,000 and a net income of £10,574.21, making it an attractive investment opportunity. The area is experiencing significant growth, with forecasts suggesting regional house price growth of up to 30% in the coming years, making it a solid investment for the future.