2-bedroom flat · M5 3NQ
No longer listedReduced £50 (−4.2%) on 6 OctListed 71 days · slow let
Opportunity summary
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About
We Let Properties have this impressive, very spacious, two bedroom, two bathroom, fully furnished apartment in The Exchange which is an being perfectly located between Salford, Salford Quays and Trafford.
The property has a balcony and located next to Media City.
The development is well located and this impressive and spacious apartment comprises entrance hallway with store room housing the washer/ dryer and phone entry system.
The living area is very spacious and incorporate the lounge and dining area with access to a large balcony.
The kitchen is very smart and has plenty of kitchen storage and work surface space with integrated oven, hob, dishwasher and fridge freezer.
Both bedrooms are very spacious doubles and are very equal in size with plenty of storage and the master bedroom having an en-suite shower room.
The main shower room is also very modern with a white three piece suite with powerful overhead shower, chrome heated towel rail, vanity shelf and wall mounted mirror.
The apartment is furnished to a good standard and has luxury vinyl flooring throughout that adds to the smart finish of this apartment.
The development also has its own on site gymnasium for all residents.
The development sits on the fringe of Salford Quays off Trafford Road with just a short walk away from the excellent local leisure facilities, including a range of quality restaurants BBC Media City and The Lowry Theatre.
This Development is just a 5 minute drive from Manchester City Centre and all major road links, including the M6, M62 and the City Ring Road.
This apartment will rent quickly, so contact We Let Properties to discuss the property further. These particulars are believed to be accurate but they are not guaranteed and do not form a contract.
Neither We Let Properties nor the lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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Redress scheme provided by: The Property Ombudsman (D7253) Client Money Protection provided by: Client Money Protect (CMP005133)
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.
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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.
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FAQ
About 506 The Exchange, Elmira Way, Salford
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