1-bedroom flat · M5 3LH
For saleListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Luxury One-Bedroom Apartment with Balcony & Allocated Parking This luxury one-bedroom apartment is offered fully furnished and benefits from a private balcony and allocated parking.
The property is available with a tenant in place, paying £975.00 per month, Plus £80 pcm for the parking bay (£1,055 gross income per month) the property is for sale with no onward chain .
Alternatively, for investors, the existing tenancy will be retained through to completion.
Perfectly positioned for those working in Salford Quays, MediaCity or Manchester City Centre , with the Salford Quays tram stop directly opposite , providing excellent transport links.
Property Details Luxury one-bedroom apartment Balcony Allocated parking Fully furnished Tenant currently in situ – ideal for investors Cash purchase only Leasehold Hyperoptic broadband available Ground rent: £396 per annum , subject to a 10-year RPI review; next review due January 2034 Service charge: £1,434 per annum for 2026 , payable quarterly Furnishing & Fittings Fully furnished Modern fitted kitchen Fitted bathroom Location The property is ideally located for both work and leisure, with a fantastic selection of amenities and transport links close by: Salford Quays tram stop directly opposite Walking distance to MediaCity Lowry Outlet and Lowry Theatre nearby Excellent selection of bars, restaurants and leisure facilities Tesco Express close by Exchange Quay and Salford Quays tram stops within approximately a 10-minute walk Excellent connections into Manchester City Centre Whether you're looking for a convenient city-base or an investment opportunity, this apartment offers an excellent location with strong rental appeal.
Please note: The images used are of the show apartment. The size, specification and layout of individual apartments may vary.
X1 Lettings are members of The Property Ombudsman Redress Scheme and relevant Client Money Protection Schemes. EPC Rating: C
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
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FAQ
About Elmira Way, Spinner House, M5
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