Walker House

At a Glance

• Purpose-Built Apartment – 2 Bedrooms & 2 Bathrooms
• Approx. 700 sq ft of well-planned living space
• Allocated Parking Space
• EWS1 Certified – full peace of mind
• 980-year lease (approx.) with modest ground rent and service charge
• Reliable tenants in situ
• Current Rent: £1,150 pcm (scope to increase to £1,150 pcm)

Property Highlights

Contemporary Living Space
This stylish purpose-built apartment boasts an open-plan lounge and kitchen with modern fittings, two generous double bedrooms, and two sleek bathrooms, including an en-suite. With approximately 700 sq ft, the layout is ideal for professionals or sharers.

Low-Maintenance Investment
No extensions or major works have been carried out, and the property is in good condition throughout, reducing ongoing maintenance costs.

Allocated Parking
A dedicated parking space adds to tenant appeal and convenience.

Leasehold Information

• Lease length: Approx. 980 years remaining
• Ground rent: £400 per annum – (deed of variation option available)
• Service charge: £2,000 per annum
• No known increases expected

Tenancy Details

• Reliable tenants on a rolling contract
• Current rent: £1,150 pcm
• Gross yield: 7.9%
• Net yield: 6.5%
• 99% historic occupancy rate with no arrears or complaints
• Currently owner-managed, no agency fees

Why Invest in Elmira Way & Salford Quays

Strategic Location:
Situated between Salford Quays and Manchester city centre, Elmira Way is a hotspot for young professionals. Excellent transport links, proximity to MediaCityUK, the University of Salford, and Manchester’s growing financial district drive strong demand for quality rental accommodation.

Rental Growth:
Salford Quays has seen consistent rental appreciation in recent years. Average two-bedroom apartment rents in the area have increased steadily, with forecasts indicating further growth as regeneration projects continue and tenant demand rises.

Capital Appreciation:
With ongoing development in Salford Quays, MediaCityUK expansion, and continued inward investment, properties in this area have historically outperformed regional averages for capital growth. Buying now secures a foothold in a high-demand rental market poised for continued uplift.

Tenant Profile:
Young professionals, media/tech workers, and postgraduate students create a stable and reliable tenant pool.

Key Selling Points for Investors

• Turnkey investment with strong tenants – immediate income stream.
• High rental demand area with proven appreciation.
• Long lease with low annual costs.
• EWS1 Certificate secured – mortgageable and compliant.
• Minimal management required.

Viewing Arrangements

Viewings strictly by appointment. Contact us to discuss this exciting opportunity.

Summary

Apartment 10, Walker House is an ideal hands-off investment in one of Greater Manchester’s most dynamic rental markets. With its strong tenant history, excellent location, and long lease, it offers both immediate returns and long-term growth potential.

Get in touch with the team