Summary - Apartment 8, The Exchange, 8 Elmira Way M5 3NQ
2 bed 2 bath Apartment
Tenanted 2-bed apartment near MediaCityUK with strong reported yield..
Tenanted investment — income from completion (tenants in situ)
Reported gross rent £15,000; net income £10,574.21
Approximate net yield quoted around 7% (verify calculations)
Two double bedrooms, open-plan living and private balcony
Small overall size: 614 sq ft — compact apartment
Heating: electric room heaters; potentially higher running costs
Tenure unknown — check mortgageability and lease length
Low flood risk and very low local crime
This two-bedroom apartment in X1 The Exchange is presented as an income-producing purchase with tenants in situ, making it straightforward to begin generating rental return from completion. The layout offers an open-plan living/dining space, a fitted modern kitchen, private balcony and two double bedrooms — practical for sharers or young professionals attracted to MediaCityUK and Manchester city centre.
Financials supplied show gross rent of £15,000 and a net income figure of £10,574.21, producing a reported net yield around 7% (gross yield quoted at 10%). These numbers indicate a strong near-term return, but prospective buyers should verify the tenancy details, service charges and any management fees when calculating their own yield.
Notable practical points: the property is electrically heated via room heaters and has electric as the main fuel, which can mean higher running costs compared with gas. The apartment is described as small overall (614 sq ft) and tenure is not specified — both are material for mortgageability and long-term strategy. Flood risk is low and local crime is very low.
Location is a clear strength: Salford Quays offers excellent transport links, on-site amenities including a gym, and proximity to MediaCityUK and Manchester city centre that supports strong rental demand. The area is described as a cosmopolitan, multicultural student neighbourhood, so rental demand from young professionals and students is likely to remain robust. Interested purchasers should inspect the tenancy agreement and check service charge and reserve fund levels before proceeding.
2 bedroom apartment for sale in X1 The Exchange, 8 Elmira Way, Salford, Manchester, M5 3NQ, M5 — £155,000 • 2 bed • 2 bath • 614 ft²
2 bedroom flat for sale in The Exchange, 8 Elmira Way, Salford, M5 — £165,000 • 2 bed • 2 bath
2 bedroom apartment for sale in Endeavour House, 1B, Elmira Way, Salford, M5 3LN, M5 — £140,000 • 2 bed • 2 bath • 700 ft²
2 bedroom flat for sale in The Exchange, 8 Elmira Way, Salford Quays, Greater Manchester, M5 — £165,000 • 2 bed • 2 bath • 614 ft²
2 bedroom flat for sale in The Exchange, 8 Elmira Way, Salford, M5 — £175,000 • 2 bed • 2 bath • 635 ft²
1 bedroom flat for sale in Endeavour House, 1b Elmira Way, Salford, M5 — £115,000 • 1 bed • 1 bath • 466 ft²
