2-bedroom flat · M5 3NQ
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold X1 The Exchange About this development X1 The Exchange has a range of fully furnished, spacious apartments in the heart of Salford Quays.
The property is a short walk away from a wide choice of restaurants, bars and shops in the ever popular Media City.
The Lowry Theatre, Lowry Outlet and Helly Hansen Watersports centre are highlights of this property’s location. Is it the right place for you?
If you’re a working professional looking to rent in the Salford Quays area then you can’t go wrong with The Exchange. It’s the perfect mix of luxury living without the hefty price tag.
What is included? The apartments come fully furnished to a high specification with all white goods. (Soft furnishings are not included). An on site gym is available 24/7 using a tenant access card.
An overnight security guard is stationed on site every evening until early morning. Take advantage of our X1 Loyalty ECard, providing amazing discounts and offers in places across the city! Why X1?
We are an award winning agency with a friendly and approachable team who are dedicated to providing an exceptional customer experience.
Our tenants have a dedicated Tenancy Manager to assist you throughout your stay with X1.
We have an in house maintenance team and out of hours emergency line to keep your property in tip top condition.
X1 Perks include regular tenant competitions, spot prizes and our amazing Loyalty ECard!
X1 Lettings are a member of The Property Ombudsman Redress Scheme and relevant Client Money Protection Schemes As well as paying the rent, you may also be required to make the following permitted payments: Deposit: One months rent.
Or Reposit: One off fee for the amount of a weeks rent.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Apt 409, The Exchange, Salford
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