The Gateway, M53-bed flat for sale in Sales

About this property

Modern Investor-Ready 3 Bed, 2 Bath Apartment | X1 The Gateway, Manchester

Asking Price: £220,000
Tenant in Situ: Yes – Tenancy until June 2026 (£1,700 PCM / £20,400 PA)

A fantastic turnkey investment opportunity within X1 The Gateway, a modern development completed in 2021. This fully furnished apartment is currently tenanted, providing immediate and secure rental income, making it ideal for buy-to-let investors seeking a low-maintenance asset.

Property Highlights

Tenant in Situ: Secure rental income until June 2026
Fully Furnished: High-quality furniture package throughout
Modern Kitchen: Integrated appliances and white goods included
Utility Cupboard: Washer/dryer included
High-Quality Finish: Contemporary interiors throughout
EPC Rating: C

Financial Information
Rental Income: £1,700 PCM / £20,400 per annum
Service Charge (2026): £3,864.41 per annum
Ground Rent: £470.14 per annum (5-year RPI review – next review 2031)
Lease Length: 999 years from 01/01/2020
Lettings Fee (Full Management): 9% + VAT
Yield Calculations (Based on £220,000 Asking Price)

Gross Yield: 9.27%
(£20,400 ÷ £220,000)

Estimated Annual Costs
Service Charge: £3,864.41
Ground Rent: £470.14
Management (9% + VAT 10.8%): £2,203.20
Total Estimated Costs: £6,537.75

Estimated Net Rental Income: £13,862.25 per annum

Estimated Net Yield: 6.3%

Investor Notes

Long-term tenant already in place

Fully furnished turnkey investment

Strong rental demand within the development

Secure and predictable income stream

Location

Situated in a popular Manchester city centre development, the property benefits from excellent transport links and easy access to employment hubs including MediaCityUK and Manchester city centre. Residents enjoy close proximity to shops, restaurants, and local amenities.

This apartment represents a high-yielding, low-maintenance investment opportunity in one of Manchester’s most desirable rental locations.

Disclaimer:
Images may be of a similar unit within the development and may not reflect the exact apartment for sale. Please enquire if you would like confirmation that the images represent the specific unit.

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