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Elmira Way, Salford, M5
For sale
£99,995

Elmira Way, Salford, M5 3LN

1bedroom
1bathroom
Flattype
Leaseholdtenure

Listed 30 Jul 2026 · Salford

How the price compares

This home£99,995
Median 1 bed in M5£170k38 homes listed · £328 per sq ft
Difference-41%below the area median

About this home

High-Yield Tenanted Investment Opportunity – One-Bedroom Apartment, Salford Quays Investment Overview Asking Price: £100,000 Tenant in Situ: Let until 27/07/2026 Rent: £975 pcm (£11,700 pa) Management Fee: 9% + VAT (10.8% total) Service Charge: £2,600 pa Ground Rent: £400 pa Investment Breakdown Annual Rental Income: £11,700 Annual Costs: Lettings Management Fee: £11,700 × 10.8% = £1,263.60 Service Charge: £2,600 Ground Rent: £400 Total Annual Costs: £4,263.60 Net Annual Income: £11,700 – £4,263.60 = £7,436.40 Yield Calculations: Gross Yield: 11.7% Net Yield: 7.4% Strong, predictable rental income for a cash investor, with tenant already in situ. Property Features Prime Salford Quays location

One-bedroom apartment with balcony Fully furnished, modern kitchen and bathroom Ideal buy-to-let investment for students or professionals Hyperoptic internet – attractive to modern tenants Local Amenities Lowry Outlet & Lowry Theatre within walking distance Range of bars, restaurants, and cafes nearby 10-minute walk to Salford Quays & Exchange Quay tram stops Tesco Express and other shops close by Easy commute to Manchester City Centre Walking distance to MediaCityUK Investment Highlights

High-yielding, fully tenanted property Predictable rental income with minimal management risk Excellent location with strong demand from professionals and students Secure cash flow and low void risk Note: Images may be of the show apartment. Size and layout of individual apartments may vary. Images are for illustrative purposes only and MAY show a similar unit within the development. The images MAY not reflect the exact apartment for sale. Please ask if you would like us to confirm if the images reflect the actual apartment.

EPC Rating: C

Property details

Property type
Flat
Council tax band
B
Tenure
Leasehold
Lease remaining
126 years left
Ground rent
£400.85 per year (Ask agent about the review period)
Service charge
£2,600 per year

Floorplan

Other

Location

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  • Salford Quays Tram Stop0.1 mi
  • Exchange Quay Tram Stop0.3 mi
  • Anchorage Tram Stop0.3 mi

What nearby homes sold for

Median sold prices in M5 over the last 12 months: flat £190k · terraced £240k · semi-detached £264k.

AddressTypeSoldPrice
Apartment 31, Gilbert House, 2, Elmira Way
Salford M5 3DE
Flat
Leasehold
28 Aug 2026£165,000
Apartment 328, Spinner House, 1a, Elmira Way
Salford M5 3LH
Flat
Leasehold
23 Jul 2026£60,000
Apartment 351, Spinner House, 1a, Elmira Way
Salford M5 3LH
Flat
Leasehold
6 Jul 2026£125,000
Apartment 33, Platt House, 5, Elmira Way
Salford M5 3DR
Flat
Leasehold
25 Jun 2026£180,000
Apartment 516, The Exchange, 8, Elmira Way
Salford M5 3NQ
Flat
Leasehold
29 May 2026£97,500
Apartment 9, Platt House, 5, Elmira Way
Salford M5 3DR
Flat
Leasehold
1 May 2026£173,000
Apartment 347, Spinner House, 1a, Elmira Way
Salford M5 3LH
Flat
Leasehold
30 Apr 2026£125,000
Apartment 44, Egerton House, 3, Elmira Way
Salford M5 3DH
Flat
Leasehold
10 Apr 2026£175,000
Apartment 408, The Exchange, 8, Elmira Way
Salford M5 3NQ
Flat
Leasehold
2 Apr 2026£162,500
Apartment 33, Walker House, 6, Elmira Way
Salford M5 3DU
Flat
Leasehold
13 Mar 2026£168,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in M5

Buying costs

Monthly repayment£500£10,000 deposit · £89,996 loan
Stamp Duty£0England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by X1 Sales & Lettings, Salford on Rightmove (original listing). First listed 30 Jul 2026; details checked 7 Nov 2026. Latest change: reduced on 23/02/2026.

Agent disclaimer

Disclaimer - Property reference 89081b5f-3177-4fb6-bda6-969c91431910. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales & Lettings, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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