Summary - Northill Apartments, Salford Quays, Salford, M50 M50 3DN
2 bed 2 bath Apartment
Ready-made income with above-market rental returns and long lease.
14th-floor 2-bed, 2-bath apartment — approx. 786 sq ft
A high-floor two-bedroom apartment in Northill Apartments, Salford Quays, presented as a ready-made income asset. The 14th-floor flat (approx. 786 sq ft) delivers strong rental performance with current yield around 8.21% and projected yield near 8.84% at higher rent; the property is tenanted until August 2026 so rental income continues immediately for an investor buyer. The building is EWS1 A1 rated and benefits from excellent transport links to MediaCity and Manchester city centre, plus very low local crime and low flood risk.
The layout is open-plan with wide curved windows that provide generous natural light. The development is modern and contemporary, constructed as part of the area’s regeneration and positioned close to Metrolink, shopping, restaurants and leisure amenities that appeal to renters including students and professionals. Leasehold terms are long (around 244–250 years remaining) which supports mortgageability.
Notable costs and constraints are clear: the 2024 service charge is approximately £2,880 per annum and ground rent about £345 per annum. Heating is by electric room heaters which can affect running costs and tenant demands; the property is also adjacent to an active construction site, which may cause noise and short-term disruption. These factors are important for budgeting and tenant management but do not negate the strong current rental return.
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