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The Gateway

Manchester, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: COMPLETED

Two Bed. Apartment

£249,500.00

  • MediaCityUK location
  • Waterfront Apartment
  • Car Parking Space Included
  • 999 Year Lease
  • 1 Minutes Walk To Salford Quays Tram Station
Purchase Process

Investment Highlights

  • Located between Manchester City Centre and Salford Quays
  • Waterfront views
  • Situated in a prime residential area
  • Expected NET returns of 4.2%
  • Short walk to transport links, including Salford Quays tram stop
  • Within easy walking distance of MediaCityUK
  • Let and managed by X1 Lettings
  • Built by experienced and award-winning developer X1

Investment Breakdown

  • Current monthly rental - £1,225.00 pcm
  • £14,700.00 per year rental income (est.)
  • Lettings fee - 8% plus VAT = £1,411
  • Service charge = £2,483.00
  • Ground rent = £350.00 

Market Key Facts

  • Projected sales price growth in Manchester over the next 5 years – 17.1% (source – JLL)
  • Project rental growth forecast over the next 5 years – 16.5% (source – JLL)
  • Average net yield in Manchester – 4.25%
  • Around 50% of Manchester’s graduates stay in the city for work, a rate second to only London in the UK
  • 70,000 new jobs are forecasted by 2026

The Gateway - Overview

Pure Investor would like to present X1 The Gateway, a luxury development that is now fully completed, ideally located in Salford, Manchester.

The latest addition to Salford’s prospering buy-to-let market: X1 The Gateway is a sleek, modern development with 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.
 

Payment Plan
1. Reserve your unit with a signed reservation form
2. Provide certified ID, proof of address and proof of funds to Pure Investor
3. Pay a £2,000 non-refundable reservation fee
4. Remaining balance due on completion

The Gateway - Key Points

Location

Location

Manchester, United Kingdom

Bedrooms

Bedrooms

2 bedroom

Price

Price

£249,500.00

Completion

Completion

Completed

Rental Yield

Rental Yield

Up To 4.2%

Video - The Gateway

Development Availability

PropertySizeBedroomsPriceEnquire
Two Bed. Apartment-2£249,500.00Enquire

The Gateway - Construction Updates

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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X1 The Gateway - Location

Situated in the heart of the Quays, this prime residential development brings a mixture of 191 stunning 1 and 2 bedroom apartments to market. All residential units are finished to the highest of standards, creating an almost hotel-like living experience for its tenants.
 
Residents of X1 The Gateway can enjoy the stylish design of the development as well as picturesque waterfront views. Additionally, X1 The Gateway provides private landscaped gardens on the first floor for the residents to relax in, along with secure bicycle storage and car parking.
 
The location of X1 The Gateway is absolutely ideal: It neighbours directly with Salford Quays and all its attractions such as MediaCityUK, the Imperial War Museum, the Lowry Outlet, the Lowry Theatre, as well as the area’s many bars and restaurants.

Nearby Amenities

  • Ordsall Park - 7 minute walk
  • Old Trafford - 13 minute walk
  • MediaCityUK - 19 minute walk
  • ITV Studios - 21 minute walk
Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

Contact Us

Contact Pure Investor today for a Free Consultation and Valuation for your tenanted property for sale.

Call today on: +44 (0) 161 337 3890

or contact to us via WhatsApp Contact Now

Find out more

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Why Invest

Why Invest in Manchester

Manchester itself is a buy-to-let hotspot with international recognition as huge numbers of young people flock to the city, pushing up property prices and increasing demand for luxury apartments. Manchester has great rail connections, with three major train stations in the city centre and London being just two hours away. The new High-Speed Railway, HS2, will ensure great connections to the capital and halve the journey time.

  • Projected sales price growth in Manchester over the next 5 years – 17.1% (source – JLL)
  • Project rental growth forecast over the next 5 years – 16.5% (source – JLL)
  • Average net yield in Manchester – 4.25%
  • Around 50% of Manchester’s graduates stay in the city for work, a rate second to only London in the UK
  • 70,000 new jobs are forecasted by 2026

Other Popular Developments

Why Choose Pure Investor

Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 660 8261.

We look forward to hearing from you!

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