Summary - Apartment 8, The Exchange, 8 Elmira Way, SALFORD M5 3NQ
2 bed 2 bath Flat
Income-producing, fully furnished two-bed with balcony in central Salford Quays..
Two-bedroom, two-bathroom fourth-floor apartment with balcony
Fully furnished and let to a long-term tenant until Oct 2025 (£1,250 pcm)
Approx 614 sq ft — compact layout, suitable for couples or investors
EPC Grade C; council tax Band C
Electric room heaters — higher running costs than gas central heating
Service charge £2,637.37 pa; ground rent £250 pa (RPI review)
On-site overnight security and 24/7 gym access for residents
Leasehold with c.129 years remaining
This fourth-floor, two-bedroom apartment in The Exchange offers a compact, fully furnished home in the heart of Salford Quays. It currently returns rental income and comes with a small private balcony, good transport links and fast broadband — practical benefits for city living or a buy-to-let portfolio.
The property is sold with a long-term tenant in situ until October 2025, producing £1,250 pcm, making it immediately income-generating. Residents benefit from on-site security and a 24/7 gym, and the building sits within easy walking distance of MediaCity amenities, restaurants and leisure destinations.
Be clear about the trade-offs: the apartment is small at about 614 sq ft and uses electric room heaters rather than central gas heating, which can affect running costs. The annual service charge is substantial and ground rent applies; these ongoing costs should be factored into yield calculations.
With an EPC grade C and roughly 129 years remaining on the lease, the flat suits investors seeking a central, low-risk rental in a cosmopolitan area or a buyer wanting a ready-made, furnished city base. The property’s condition is described as good, but limited space and electric heating mean it’s less suitable for buyers seeking low running costs or large family accommodation.
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