Endeavour House, 1b Elmira Way... 1 bed flat for sale

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Endeavour House, 1b Elmira Way... 1 bed flat for sale

Endeavour House, 1b Elmira Way, Salford, M5
£115,000

Our Summary

  • High-Yield Tenanted Investment Opportunity – One-Bedroom Apartment Asking Price: £119,500 Tenant in Situ: Long-term tenant currently paying £975 PCM Fully Managed by X1 Sales and Lettings – 9% + VAT Management Fee Investment Breakdown Annual Rental Income:£975 per month × 12 months = £11,700 Annual Costs:Lettings Management Fee (9% + VAT): £1,263

Description

This is a fully furnished one-bedroom apartment located on the fourth floor in a prime Salford Quays area, with a sitting tenant paying £975 per month. The property is a high-yield tenanted investment opportunity, with a gross yield of 9.79% and a net yield of 6.22%. The apartment features a balcony, a fitted kitchen, and a modern bathroom, and is fully managed by X1 Sales and Lettings. The property is located near various amenities, including the Lowry Outlet and Lowry Theatre, as well as bars, restaurants, and cafes. The tram stop is opposite the property, making it an ideal location for those working in Manchester City Centre or nearby. The property is also close to MediaCityUK and has easy access to Tesco Express.