Summary - Apartment 31 The Bayley, 21, New Bailey Street M3 5AX
1 bed 1 bath Flat
Income-producing one-bed opposite Salford Central — cash buyers only.
Seventh-floor one-bedroom apartment, approx. 376 sq ft
A compact one-bedroom apartment on the seventh floor of The Bayley, offered to investors as a let-let sale. The current tenancy produces £950 pcm and runs until August 2026, giving immediate rental income and a simple hands-off holding. The building sits directly opposite Salford Central station, placing it seconds from tram and rail links and within easy walking distance of Deansgate and city centre amenities.
The apartment is modern in style with double glazing, a fitted kitchen, and a large double bedroom for the size (approximately 376 sq ft). Practical features include an electric immersion/heating system and in-flat laundry point. The building construction date (2003–2006) and long lease (999 years from 2006) reduce long-term lease concerns for buyers.
Notable costs and sale conditions are set out plainly: sale to cash buyers/investors only, no EWS1 available, ground rent £250 pa and service charge approximately £2,693 pa. The flat is small and uses electric panel heaters, which can be higher running cost than gas heating — factor this into yield calculations. The immediate setting is a busy, cosmopolitan urban area with excellent transport but within a ward classified as very deprived, which may affect tenant mix and capital-growth expectations.
This is a straightforward, income-producing city-centre unit for a buyer seeking a low-management, let investment with strong transport connectivity. Buyers should budget for ongoing service charge and electric heating costs and note the no-EWS1 / cash-only sale restriction.
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