3 Bedrooms Flat for sale in X1 Media City, Michigan Avenue, Salford, Media City M50 | £ 290,000
Overview
| Price: | £ 290,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Greater Manchester |
| Town: | Salford |
| Postcode: | M50 |
| Address: | X1 Media City, Michigan Avenue, Salford, Media City M50 |
| Bathrooms: | 2 |
| Bedrooms: | 3 |
Property Description
The local area could not be a better environment for buy-to-let investors. The ongoing rise of MediaCityUK – home to the bbc and itv amongst others – has created a unique and vibrant locale in Salford Quays which is perfect for the sort of young professional renters so desired by landlords.
Tenants will be only a short walk from all the local shops, bars and restaurants, and are also approximately 15 minutes away from Manchester city centre via the convenient local Metrolink tram service. It is no wonder that the population of Salford is booming, and apartment prices are growing at a similar pace.
Currently tenanted, investors can enjoy an immediate income on this well-priced apartment. Enquire today for further details.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £15,900
Ground rent: £250
Service charge: £2,000
Lettings fees: £1,272
Net income: £12,378
Gross yield: 5.48%
Net yield: 4.27%
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-12991
Property Location
Property Marketed by Yieldit
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