Summary - MILLENNIUM TOWER, 250 APARTMENT 507 THE QUAYS SALFORD M50 3SA
1 bed 1 bath Apartment
Bright fifth-floor studio with balcony, parking and strong rental potential near MediaCity.
Studio apartment with private balcony and corner aspect
Bright, compact and well-specified, this fifth-floor studio in Millennium Tower offers a straightforward, low-maintenance home or rental unit in Salford Quays. The open-plan layout, large corner windows and private balcony deliver strong natural light and waterside views, while a fitted kitchen and contemporary bathroom complete a move-in-ready space.
Practical ownership costs are clear: a long lease (c.130–150 years remaining), EWS1 in place, secure allocated parking and accessible tram and rail links to Manchester city centre. Fast broadband and excellent mobile signal support working from home and streaming for tenants or owner-occupiers.
This location suits investors and single buyers who prioritise connectivity and low-management flats close to MediaCity and leisure amenities. Expect steady rental demand from students and professionals; a stated rental yield is 9.27% based on an assumed £850pcm rent.
Be aware of the running costs: an annual service charge of about £2,062 and ground rent of £313 apply. The surrounding area is classified as a multicultural, cosmopolitan student neighbourhood and scores as relatively deprived, which may influence resale timing and tenant mix. Heating is electric underfloor, so energy bills should be checked against other systems.
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