Investment Opportunity: Salford Quays Fully Managed 2-Bed Apartment

Strategy: Serviced Accommodation (would also suite standard rental or sale)

Sourced are delighted to offer an outstanding opportunity to acquire a stylish two-bedroom apartment off plan. This property is perfectly suited for the serviced accommodation market, combining investment potential with contemporary living.

With completion anticipated in Q4 2026, this development stands out as one of the most compelling new-build investment prospects in Greater Manchester.

The apartment offers generous proportions and adaptability, making it ideal for modern lifestyles. Residents will benefit from an open-plan kitchen, dining, and living area, two well-sized bedrooms with excellent storage, a master bedroom featuring an en-suite, and a contemporary bathroom fitted with premium fixtures. Added features include secure fob access and an energy-efficient design, ensuring both convenience and sustainability.
Estimated management fee of 11% plus VAT

Purchase Process
• Sourcing fee: £5,500
• Reservation fee: £5,000
• 20% deposit due on exchange within 28 days (minus reservation fee)
• Remaining 80% balance payable on completion
• Interest is paid on deposit until completion

Investment Financials
• Mortgage: £765 (based on estimated build value)
• Estimated monthly costs (utilities, council tax & service charge): £460
• Average nightly rate: £175
• Gross revenue at 65% occupancy (20 days per calendar month): £3,500
• Gross revenue at 75% occupancy (23 days per calendar month): £4,025
• Gross revenue at 85% occupancy (26 days per calendar month): £4,550
• Estimated annual profit

Estimated Total Investment – Post Completion
• Sourcing fee: £5,500
• Furniture: £5,000
• Purchase price: £275,000 + Stamp Duty Land Tax (SDLT): £11,250
• Cash returned to investor via post-completion re-mortgage: £262,500
• Money left in the deal: £29,250
• Equity held in the property: £87,500

Estimated Annual Cashflow
• Profit at 65% occupancy: £22,600 (Gross Yield: 12%)
• Profit at 75% occupancy: £28,300 (Gross Yield: 14%)
• Profit at 85% occupancy: £33,900 (Gross Yield: 16%)

Estimated Capital Growth
Year 1 estimated capital growth: £18,000

Sourced reference: 541713946443516