Summary - Clippers Quay, Salford M50 3BN
1 bed 1 bath Studio
Income-ready studio with waterside balcony and immediate tram links—cash buyers only..
Third-floor studio with private balcony and waterfront views
Currently tenanted at £850pcm — approx. 8.2% gross yield
Offered to cash buyers only; sold with tenant in situ
Leasehold: 134 years remaining
Service charge £1,459pa plus £275 building insurance, £200 ground rent
Compact 355 sq ft layout; fold-away bed maximises space
24-hour concierge and opposite Exchange Quay tram station
Electric warm-air heating may mean higher running costs
This third-floor studio in Clippers Quay offers a compact, income-ready investment with direct water views over Salford Quays and a private balcony. The apartment is currently tenanted at £850pcm, producing an advertised gross yield of 8.2%, and benefits from 24-hour concierge and EWS1 approval for peace of mind on cladding compliance.
Internally the 355 sq ft studio is thoughtfully laid out with floor-to-ceiling glazing, a fold-away bed to maximise space, integrated kitchen and modern bathroom with sensor lighting. The development is opposite Exchange Quay tram station, giving immediate access to transport links, amenities and the city centre — strong locational advantages for lettings.
Important practicals for investors: this is a leasehold flat with 134 years remaining, an annual service charge of £1,459 plus £275 building insurance, and a £200 ground rent. The property is offered to cash buyers only and is sold with a sitting tenant; purchasers should budget for ongoing service charge and electricity-based warm air heating costs.
The apartment’s strengths are clear for a buy-to-let portfolio — reliable rental income, excellent transport connections and striking waterside views. Its drawbacks are equally plain: limited floor area, leasehold costs, electric heating and a cash-only purchase requirement. Suitable investors should verify tenancy terms, running costs and building services before committing.
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