Summary - Elmira Way, Salford, Greater Manchester, M5 M5 3DA
2 bed 2 bath Apartment
Turn-key rental with parking and strong gross yield in a prime Quays spot.
Two double bedrooms, main bedroom with en suite
This two-bedroom apartment in Brindley House is offered as a turn-key investment with an existing tenancy producing £1,100 pcm until June 2025. At the asking price of £134,950 the current gross rental return is approximately 9.8%—a strong starting yield for investors seeking immediate income in the Salford Quays corridor.
The flat is an open-plan layout with a Juliet balcony, two double bedrooms (main with en suite) and includes one off-street parking space—useful in this busy waterside location. Built post-2012, the property benefits from double glazing and a C EPC rating, and sits close to tram links, MediaCityUK and central Manchester, supporting demand from commuters and student renters.
Buyers should note important cost considerations: the property is leasehold with about 127 years remaining, an average annual service charge of £2,878 and ground rent of £377 (RPI review next due 2033). The building’s external wall system has been tested and works are required; interim safety measures are in place and management advise that costs to leaseholders are not expected, but you should confirm current status and liabilities.
Heating is by electric room heaters, which can mean higher running costs compared with gas. The apartment is sold with the existing tenancy in place, so purchasers must accept the current lease terms and timing for vacant possession if required. Overall, this is a straightforward, income-producing apartment for investors who prioritise yield and location, with known building remediation to investigate further.
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