1 bedroom apartment for sale

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1 bedroom apartment for sale

Fifty5ive, 55 Queen Street, Salford, M3
£179,000

Price History

Initial price £220,000
17/07/24 £195,000
18/09/24 £191,000
18/10/24 £187,000
31/10/24 £183,000
07/11/24 £179,000
Price Change -18.64%

Description

This 1-bedroom apartment in the Fifty5ive development in Salford and Manchester offers a luxurious living experience. With 398 sq. ft. of space, it features a gymnasium, cinema room, wellness suite, top-floor roof terrace, lounges, and 24-hour concierge service. The building is pet-friendly and has electric heating. The property is EWS1 A1 rated and has a 9.22% rental yield at £1375 PCM, with a projected 9.39% rental yield at £1400 PCM. The lease term is 250 years, with a service charge of £1571.96 PA, ground rent of £165.50 PA, and building insurance of £267.90 PA. The apartment is currently tenanted until August 2025 and is available to both investors and owner-occupants. Fifty5ive is a vibrant community with a range of amenities, including a private gym, communal areas, and unrivalled views from the roof terrace. The development is located in the heart of Salford and Manchester, making it an ideal location for those who want to be close to the cities' amenities.