Completed 2-bed new-build offering 6% yields and onsite management — high deposit required..
6% advertised rental yields for immediate income potential
Completed new-build — can be let from day one
Onsite facilities: gym, residents’ lounge, parking, bike storage
Minimum 35% deposit required to invest
Tenure not stated — confirm before purchase
Local area: deprived classification and very high crime levels
Close to MediaCityUK and large regeneration programme nearby
Suitable for buy-to-let investors and some owner-occupiers
This two-bedroom new-build apartment in Salford is pitched at buy-to-let investors seeking immediate rental income. The scheme is complete and marketed with an on-site rental company and advertised 6% rental yields, plus communal amenities including a gym, residents’ lounge, secure off-street parking and bicycle storage. The development sits within a large regeneration zone close to MediaCityUK, which the promoter highlights for capital-growth potential.
Important investment facts are clear: the development is complete so you can let from day one, but a minimum 35% deposit is required to invest. The property’s tenure is not stated and should be confirmed before commitment. Local area indicators are mixed — strong tenant demand from students and young professionals in this cosmopolitan neighbourhood, but the immediate area is classified as deprived and local crime levels are very high, which will affect lettability and insurance considerations.
For investors this is a hands-off option thanks to the onsite management company and rental service; it may suit investors targeting short-term rental yields and future capital growth tied to the wider regeneration. For owner-occupiers, the same amenities and secure parking offer convenience, though local area factors and the required deposit make this less suitable for those seeking a low-cost move-in.
Arrange to receive the full info pack and financial breakdown, and verify tenure, service charges, management terms and local insurance implications before proceeding. School provisions nearby are a mix of independent and state options with varied Ofsted outcomes, which may matter if considering longer-term owner occupation.