2-bedroom flat · M5 3LN
Listing removedListed 62 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold X1 Lettings are an award-winning agency with over 3000 units across Liverpool, Manchester and Leeds.
With over 10 years’ experience in the property sector, X1 offer an exceptional customer experience alongside first-rate properties.
Now a leading market provider for both student and residential accommodation, X1 are proud to have a refreshing outlook on lettings. There is a dedicated team member for every step of the X1 journey.
We have a Viewings & Enquiries manager, a Tenancy Care manager and a Property Management team who ensure a personable and efficient service.
X1 Tenant Perks include access to a Loyalty ECard which provides exclusive discounts in bars, restaurants, beauty and fitness businesses across 3 cities.
Book your virtual tour today, and let us find your new home!
Property Details: - Idyllic Salford Quays location - Two Bedroom apartment - Available 7th July 2023 - Balcony - Parking available at additional cost of £50pcm-£90pcm (depending on availability) - Ideal for students and working professionals Furnishing/Fittings: - Fully Furnished - Fitted kitchen - Fitted bathroom Local Details: - Lowry Outlet, Lowry Theatre and a variety of bars and restaurants all within walking distance - Only 10 minute walk from Salford Quays or Exchange Quay tram stop - Tesco Express nearby - Commutable to Manchester City Centre - Walking distance to Media City EPC Rating: C
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.
Area
Agent & docs
FAQ
About Apt 259, Endeavour House 1b Elmira Way, Salford
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