Summary - Apartment 8, The Exchange, 8 Elmira Way M5 3NQ
2 bed 2 bath Apartment
Two-bed tenanted apartment with immediate income in Salford Quays, close to MediaCityUK and transport links..
Tenants in situ — immediate rental income potential
Approx 614 sq ft; compact two-bed, two-bath layout
Reported net yield approx 6.8% (vendor figures — verify)
Private balcony and open-plan living with modern fitted kitchen
Second-floor apartment in a popular Salford Quays location
Main heating: electric room heaters — potentially higher running costs
Tenure unknown; service charges and ground rent not specified
Small overall size; better suited to investors or sharers
This two-bedroom, two-bath apartment at X1 The Exchange is presented as an income-producing investment with tenants in situ, offering immediate rental return. At about 614 sq ft, the home is compact and designed for urban rental demand — ideal for sharers or young professionals working in MediaCityUK and Manchester city centre. The property includes an open-plan living area, private balcony and an en suite to the principal bedroom.
The development is well-located for commuting and leisure, with excellent public transport links, shops, bars and restaurants within walking distance. Onsite facilities include a gym and waterside views that appeal to city renters. Reported financials indicate a gross rent of £15,000 and a net yield in the region of 6.8% (figures quoted by the vendor should be verified).
Important practical points: the apartment uses electric room heaters as the main heating source and is electrically powered, which can mean higher running costs than gas-heated properties. The tenure is listed as unknown and service charges, ground rent and exact tenancy terms are not provided — these will materially affect net returns. The property is sold with tenants in situ, so purchasers should expect no vacant possession on completion.
Overall this flat suits buy-to-let investors seeking immediate income in a high-demand rental location. It has strong rental fundamentals and potential capital-growth upside given Salford’s ongoing regeneration, but buyers must check legal tenancy details, ongoing charges and heating/running-cost implications before committing.
2 bedroom apartment for sale in X1 The Exchange, 8 Elmira Way, Salford, Manchester, M5 3NQ, M5 — £160,000 • 2 bed • 2 bath • 614 ft²
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