£130,000
1 bed flat for saleBridgewater Point, Ordsall Lane, Salford M5
1 bed
1 bath
1 reception
EPC Rating: C
Leasehold
About this property
Excellent opportunity for investors
Top floor apartment
Spacious private terrace
One double bedroom
Popular development in an ideal location
Secure entry and lift access
Near 6% net return on investment
Walking distance to a number of shops
Fantastic transport links
Enquire today for videos and further details
Bridgewater Point, Ordsall Lane, Salford, M5 4Tx
Yieldit are excited to launch to the market this stunning one bedroom apartment located on the top (5th) floor of the Bridgewater Point development. Boasting a large terrace which spans the width of the apartment with plenty of space for relaxing and enjoying the summer months, with views of the well-maintained communal gardens below.
This is a fantastic opportunity for investors to purchase this modern low maintenance property in an ideal location, within walking distance of Manchester city centre and excellent transport links that is popular amongst working professionals and students. Rental demand is unsurprisingly high and at the market rate rent in the region of £1000pcm, this property will produce an impressive return in excess of 5% net.
The popularity of the building is no surprise, boasting beautiful communal landscaped gardens where residents can relax and providing the perfect serene retreat from the hustle and bustle of busy city life. Bridgewater Point is close to a number of local transport options including buses, trams and trains, making travel between Salford and its neighbouring cities quick and easy.
The area of Salford has now seen regeneration worth over £100 million being injected into the area over the past 10 years. This includes the likes of the £10 million Chapel Street Corridor transformation (Salford’s gateway to Manchester) and the current £650m regeneration scheme of Salford Central, which is already well underway making now the perfect time to invest in the area.
Please note, lettings and management charges may apply.
Financial Breakdown
Gross Rent: £10,200.00
Net income: £7,170.36
Gross yield: 7.85%
Net yield: 5.52%
Please contact agent for full financial breakdown.
Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08136
Yieldit are excited to launch to the market this stunning one bedroom apartment located on the top (5th) floor of the Bridgewater Point development. Boasting a large terrace which spans the width of the apartment with plenty of space for relaxing and enjoying the summer months, with views of the well-maintained communal gardens below.
This is a fantastic opportunity for investors to purchase this modern low maintenance property in an ideal location, within walking distance of Manchester city centre and excellent transport links that is popular amongst working professionals and students. Rental demand is unsurprisingly high and at the market rate rent in the region of £1000pcm, this property will produce an impressive return in excess of 5% net.
The popularity of the building is no surprise, boasting beautiful communal landscaped gardens where residents can relax and providing the perfect serene retreat from the hustle and bustle of busy city life. Bridgewater Point is close to a number of local transport options including buses, trams and trains, making travel between Salford and its neighbouring cities quick and easy.
The area of Salford has now seen regeneration worth over £100 million being injected into the area over the past 10 years. This includes the likes of the £10 million Chapel Street Corridor transformation (Salford’s gateway to Manchester) and the current £650m regeneration scheme of Salford Central, which is already well underway making now the perfect time to invest in the area.
Please note, lettings and management charges may apply.
Financial Breakdown
Gross Rent: £10,200.00
Net income: £7,170.36
Gross yield: 7.85%
Net yield: 5.52%
Please contact agent for full financial breakdown.
Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08136
More information
Tenure
Leasehold (240 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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