2-bedroom flat · M5 3DL
Sold STCListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***INVESTMENT OPPORTUNITY*** *TENANT IN SITU* *RENT £1150 P/M* *9.2% YIELD* *SALFORD QUAYS LOCATION* *580 SQFT* Philip James are proud to present this stunning two-bedroom apartment in the Salford Quays region of Greater Manchester.
Representing a fantastic 9.2% yield, this apartment is perfect for a long-term investment.
Ideally located, this property is a five-minute walk to Media City and two-minute walk to Salford Quays tram stop.
The apartment itself comprises of two bright and spacious double bedrooms, two bathrooms and a well-presented open plan lounge and kitchen.
With secure gated parking available, this property is a must view. EWS1 available Leasehold: 129 years remaining Service Charge: £2,100 PA Ground Rent: £275 PA
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
FAQ
About Elmira Way, Salford, Greater Manchester, M5
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