1 bed flat to rent

Elmira Way, Salford M5

High-Yield Tenanted Investment Opportunity – One-Bedroom Apartment, Salford Quays

Investment Overview

Asking Price: £100,000

Tenant in Situ: Let until 27/07/2026

Rent: £975 pcm (£11,700 pa)

Management Fee: 9% + VAT (10.8% total)

Service Charge: £2,600 pa

Ground Rent: £400 pa

Investment Breakdown

Annual Rental Income: £11,700

Annual Costs:

Lettings Management Fee: £11,700 × 10.8% = £1,263.60

Service Charge: £2,600

Ground Rent: £400

Total Annual Costs: £4,263.60

Net Annual Income: £11,700 – £4,263.60 = £7,436.40

Yield Calculations:

Gross Yield: 11.7%

Net Yield: 7.4%

Strong, predictable rental income for a cash investor, with tenant already in situ.

Property Features

Prime Salford Quays location

One-bedroom apartment with balcony

Fully furnished, modern kitchen and bathroom

Ideal buy-to-let investment for students or professionals

Hyperoptic internet – attractive to modern tenants

Local Amenities

Lowry Outlet & Lowry Theatre within walking distance

Range of bars, restaurants, and cafes nearby

10-minute walk to Salford Quays & Exchange Quay tram stops

Tesco Express and other shops close by

Easy commute to Manchester City Centre

Walking distance to MediaCityUK

Investment Highlights

High-yielding, fully tenanted property

Predictable rental income with minimal management risk

Excellent location with strong demand from professionals and students

Secure cash flow and low void risk

Note: Images may be of the show apartment. Size and layout of individual apartments may vary.

Images are for illustrative purposes only and may show a similar unit within the development. The images may not reflect the exact apartment for sale. Please ask if you would like us to confirm if the images reflect the actual apartment.

EPC Rating: C