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Sold 3 Bedrooms 2 Bathrooms 1 Reception From £245,000

Trafford Road, Salford, M5 - From £245,000

  • Investment Opportunity
  • 3 Bedroom Apartment
  • Expected Net Returns 6% PA
  • Prime Residential Location
  • Waterfront Views
  • Completion Q1 2018

XI GATEWAY 3 BEDROOM APARTMENT

Welcome to the latest addition to Salford's prospering buy-to-let market: X1 The Gateway. With a sleek, modern design, a luxurious finish and set in a desirable location; this new residential development raises the bar when it comes to providing future tenants with a first- class cosmopolitan living experience.

Whilst X1 The Gateway is a dream for residents, it presents itself as a remarkable investment opportunity for investors too as they can expect returns as high as 6% NET. As property prices continue to soar, investors are set to see their investment appreciate over time thanks to the supply/demand imbalance currently dominating the market across the UK.

OVERVIEW

o A total of 191 stunning apartments on offer

o Large 1 Beds from £150,000

o Located between Manchester City Centre and Salford Quays

o Waterfront views

o Situated in a prime residential area

o Expected NET returns of 6%

o Short walk to transport links, including Salford Quays tram stop

o Within easy walking distance of MediaCityUK

o Let and managed by X1 Lettings

o Built by experienced and award-winning developer X1

o Ground rent £350, Service charge £433.36


PAYMENT PLAN

o 25% on exchange on contracts, within 28 days less reservation fee.

o 10% six months from exchange of contracts (furniture pack payment to be made at this stage).

o 65% on completion. ...Read Less

The Stamp Duty for this property would be £2,400    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above 125,000 and up to 250,000 2 £ 2,400
Above 250,000 and up to 925,000 5 £0
Above 925,000 and up to 1,500,000 10 £0
Above 1,500,000+ 12> £ 0
*This is for illustrative purposes only

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This property is currently Sold. However, register your details below and we will contact you if it becomes available again.
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