The Gateway, 15 Trafford Road, Salford, M5

Property Details: - Type: Flat - Bedrooms: 3 - Bathrooms: 0

Agent: X1 Sales and Lettings - Greater Manchester Phone: 0161 506 3018

Investor-Ready 3 Bed, 2 Bath Apartment | X1 The Gateway, Manchester<br/><br/>Asking Price: £240,000 | Tenant in Situ: £1,700 PCM until June 2026<br/><br/>A turnkey buy-to-let investment in the 2021 X1 The Gateway development. Fully furnished with premium fixtures, this 6th-floor apartment generates a secure gross rental income of £20,400 PA, with a net yield of 5.8% after service charge (£3,864.41), ground rent (£470.14), and management fees (9% + VAT).<br/><br/>Features: modern kitchen with integrated appliances, utility cupboard, contemporary interiors, EPC C. Excellent central location with strong transport links, restaurants, shops, and MediaCity access. Minimal management required.<br/><br/> Modern Investor-Ready 3 Bed, 2 Bath Apartment | X1 The Gateway, Manchester<br/><br/>Asking Price: £220,000<br/>Tenant in Situ: Yes – Tenancy until June 2026 (£1,700 PCM / £20,400 PA)<br/><br/>A fantastic turnkey investment opportunity within X1 The Gateway, a modern development completed in 2021. This fully furnished apartment is currently tenanted, providing immediate and secure rental income, making it ideal for buy-to-let investors seeking a low-maintenance asset.<br/><br/>Property Highlights<br/><br/>Tenant in Situ: Secure rental income until June 2026<br/>Fully Furnished: High-quality furniture package throughout<br/>Modern Kitchen: Integrated appliances and white goods included<br/>Utility Cupboard: Washer/dryer included<br/>High-Quality Finish: Contemporary interiors throughout<br/>EPC Rating: C<br/><br/>Financial Information<br/>Rental Income: £1,700 PCM / £20,400 per annum<br/>Service Charge (2026): £3,864.41 per annum<br/>Ground Rent: £470.14 per annum (5-year RPI review – next review 2031)<br/>Lease Length: 999 years from 01/01/2020<br/>Lettings Fee (Full Management): 9% + VAT<br/>Yield Calculations (Based on £220,000 Asking Price)<br/><br/>Gross Yield: 9.27%<br/>(£20,400 ÷ £220,000)<br/><br/>Estimated Annual Costs<br/>Service Charge: £3,864.41<br/>Ground Rent: £470.14<br/>Management (9% + VAT 10.8%): £2,203.20<br/>Total Estimated Costs: £6,537.75<br/><br/>Estimated Net Rental Income: £13,862.25 per annum<br/><br/>Estimated Net Yield: 6.3%<br/><br/>Investor Notes<br/><br/>Long-term tenant already in place<br/><br/>Fully furnished turnkey investment<br/><br/>Strong rental demand within the development<br/><br/>Secure and predictable income stream<br/><br/>Location<br/><br/>Situated in a popular Manchester city centre development, the property benefits from excellent transport links and easy access to employment hubs including MediaCityUK and Manchester city centre. Residents enjoy close proximity to shops, restaurants, and local amenities.<br/><br/>This apartment represents a high-yielding, low-maintenance investment opportunity in one of Manchester’s most desirable rental locations.<br/><br/>Disclaimer:<br/>Images may be of a similar unit within the development and may not reflect the exact apartment for sale. Please enquire if you would like confirmation that the images represent the specific unit.<br/><br/>