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1 bedroom apartment for sale
Spinner House, 1A, Elmira Way, Salford, M5 3LH
£128,000
Spinner House, 1A, Elmira Way, Salford, M5 3LH
£128,000
Price History
Initial price | £137,000 |
21/09/24 | £128,000 |
Price Change | -6.57% |
Description
This property is a fantastic investment opportunity in the sought-after area of Salford Quays, with MediaCityUK on the doorstep and Manchester city centre within easy reach. The apartment, located on the top floor of a low-rise block, features a private balcony, double bedroom, three-piece bathroom, open-plan living area, and modern kitchen. With a tenant in situ, the property generates an impressive £995pcm rental income, representing a 7.11% NET return with full management in place. The location is ideal for young professionals, with a high demand for rental properties in this dynamic commercial centre, home to major corporations such as the BBC and ITV. With a gross yield of 9.38% and net yield of 7.11%, this property is sure to be a profitable investment for any buyer.