Well known buy-to-let developers X1 Developments launched the third phase in their X1 Development in Salford last week. This third phase follows two others which sold incredibly quickly and the third phase is predicted to be just a popular as its older counterparts. Phase 1 is fully occupied, while phase 2 remains under construction but sold out and phase 3 completion is set for 2015.
The apartments are situated in the ever-popular area of Salford Quays, affording the residents fast and easy access to the city centre via the Metrolink stop next to the development. All of the benefits of Salford Quays are just a short walk away, with a choice of restaurants and bars, shops and cultural offerings. The creation of MediaCity:UK in 2008 opened up development opportunities and boosted the regeneration of the Salford Quays area, this led to an increase in people looking to rent in the area which has make it a very attractive investment location.
X1 is well situated for all commutes, whether to the city centre, or further afield: the motorway network is just a 5 minute drive away and Piccadilly Station is in on the Metrolink, giving access to the Virgin rail service to London, arriving in Euston in just over 2 hours! In 2014, the Metrolink will also service Manchester International Airport, allowing easy travel no matter the method of transport.
The apartments are available as one or two bedroom units, each with an assured rental net yield of 6% for 12 months. The building has under croft parking (available via separate purchase) and the two bedroom apartments all have a master en-suite, both of these feature highly on the list of tenant priorities. The apartments are well proportioned, with modern, open living spaces and the development already has a proven rate of success. Here at Philip James we know just how popular the Salford Quays area is; we have been successfully selling and letting property here even before the areas meteoric boost in popularity.
One bedroom apartments start from just £97,500 and two bedroom apartments from £117,500, so this fantastic investment opportunity is anticipated to attract a great deal of interest, as phases 1 and 2 did. The location, assured yield and development success combine to create a great property to let out, so speak to Rob Cuffe or Libby Nobbs on 0161 828 8200 today about your interest and let Philip James make the process of buying, then letting and managing your property as stress-free as possible.
Philip James: we’ve got Salford Quays covered.