1 Bedrooms Flat for sale in X1 Salford Quays Phase 3, Elmira Way, Salford M5 | £ 147,000
Overview
| Price: | £ 147,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Greater Manchester |
| Town: | Salford |
| Postcode: | M5 |
| Address: | X1 Salford Quays Phase 3, Elmira Way, Salford M5 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
We are pleased to offer this fabulous investment opportunity in the new luxury X1 Spinner House development located in the highly sought after Salford Quays.
This apartment is situated on the 1st floor of the X1 Spinner House development and is offered fully furnished to a high specification. The apartment features a luxury modern design fitting with the opulence of the building, compromising of a spacious living space with private balcony, large master bedroom with serene views overlooking the park and fully fitted kitchen and 3-piece bathroom designed and fitted to the highest specification.
X1 Spinner House is a luxury development, offering the perfect living environment for working professionals perfectly situated in the heart of Salford. The building features an opulent décor and offers residents allocated parking, lift access as well as stunning views of the quays. Residents benefit from free gym access in the adjacent X1 Exchange building as well as being walking distance from Media City, and Exchange Quays Tram Stop.
Salford is not a city that stands still, with ambitious regeneration and development programmes such as MediaCityUK continue to inspire investors and developers and ensure that the city is one of the uk’s most determined, innovative and creative business destinations as well as one of the most desirable investment locations.
Salford offers great lucrative investment opportunities with longevity as regeneration in the area has made Salford a highly desirable area to live work, play and of course invest! House prices in the area are consistently on a rise, with an increase of 35% over the last 5 years alone! (Zoopla – October 2018). Salford’s great location supported by excellent transport connections to major cities across the UK and Europe only adds to this being a great investment opportunity not to be missed!
Financial Breakdown
Gross rent: £8,320
Ground rent: £275
Service charge: £984
Lettings fees: £749
Net income: £6,313
Gross yield: 5.66%
Net yield: 4.29%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-12837
Property Location
Property Marketed by Yieldit
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