1 Bedrooms Flat for sale in X1 Media City, Michigan Avenue, Salford, Media City M50 | £ 150,000
Overview
| Price: | £ 150,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Greater Manchester |
| Town: | Salford |
| Postcode: | M50 |
| Address: | X1 Media City, Michigan Avenue, Salford, Media City M50 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
This premium investment opportunity is located on the 10th floor of the staggering X1 Media City development in Salford Quays.
This modern and spacious one bedroom apartment has been finished with high-end fixtures and fittings and the development also has excellent on-site facilities including a gymnasium and cinema room.
The apartment offers luxury accommodation in one of the uk’s best buy-to-let hotspots next to MediaCityUK, home of the Lowry Theatre, the Imperial War Museum and the bbc.
Residents are also just a couple of tram stops away from the city centre, with the Harbour city tram stop ideally located just outside of the developments doors.
Plans to double the size of MediaCityUK only adds to the need for high quality rental accommodation in the local area, making this is a fantastic buy-to-let opportunity for either a new or experienced investor.
House prices in Salford are already up over 40% in the last five years (Zoopla, May 2018) – don’t wait and invest today!
Financial Breakdown
Gross rent: £9,300
Ground rent: £250
Service charge: £872
Lettings fees: £893
Net income: £7,285
Gross yield: 6.2%
Net yield: 4.86%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-12254
Property Location
Property Marketed by Yieldit
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