2 Bedrooms Flat for sale in X1 Media City Tower 1, 9 Michigan Avenue, Salford M50 | £ 250,000
Overview
| Price: | £ 250,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Greater Manchester |
| Town: | Salford |
| Postcode: | M50 |
| Address: | X1 Media City Tower 1, 9 Michigan Avenue, Salford M50 |
| Bathrooms: | 2 |
| Bedrooms: | 2 |
Property Description
This beautiful corner positioned apartment boasts luxury, featuring a contemporary open plan living and dining area with large double aspect windows offering truly breath-taking views of the surrounding areas, a high spec, fully integrated kitchen as well as two large bedrooms with the master bedroom including a stylish en-suite. There is a separate 3-piece family bathroom, as well as ample storage space. Residents of X1 Media City can also enjoy the tower's numerous facilities facilities such as a private resident’s gymnasium, cinema room and dining area with terrace.
X1 Media City Tower 1 is located in one of the best locations for young professional renters in the UK right now. Offering a host of shops, bars and restaurants within walking distance of this impressive development, as well as the Lowry Theatre and the Imperial War Museum North just minutes away. Residents will also have fast access to all that Manchester city centre has to offer via the Harbour City Metrolink tram stop which is ideally positioned outside of the development.
Property prices in Salford are up by over 40% in the last five years alone (Zoopla - September 2018), and industry experts anticipate that Greater Manchester will need at least 200,000 new homes by 2040 to meet anticipated economic and population growth – making now a fantastic time to invest!
The plans to double the size of MediaCityUK only add to the need for high quality rental accommodation in the surrounding areas, as well as the added benefit of being managed by X1 Lettings who enjoy a large presence in the area and boast market leading tenancy rates (100% occupancy for September 2018), meaning you know your investment is in safe hands. This makes for a fantastic buy-to-let opportunity for either a new or experienced investor.
Financial Breakdown
Gross rent: £11,400
Ground rent: £250
Service charge: £1,422
Lettings fees: £1,094
Net income: £8,634
Gross yield: 4.56%
Net yield: 3.45%
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-13120
Property Location
Property Marketed by Yieldit
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