2 Bedrooms Flat for sale in X1 Media City Tower 1, Michigan Avenue, Salford M50 | £ 230,000
Overview
| Price: | £ 230,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Greater Manchester |
| Town: | Salford |
| Postcode: | M50 |
| Address: | X1 Media City Tower 1, Michigan Avenue, Salford M50 |
| Bathrooms: | 2 |
| Bedrooms: | 2 |
Property Description
This luxurious 2-bedroom apartment is perfectly placed on the 11th floor of the incredibly popular X1 Media City Tower 1 and features a contemporary open plan living and dining area with large double aspect windows offering truly breath-taking views of the surrounding areas, a top-of-the-range integrated kitchen as well as two spacious double bedrooms with a stylish en-suite for the master bedroom. 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 including a private resident’s gymnasium, cinema room and dining area with terrace.
The area surrounding X1 Media City provides residents with all of the amenities and cultural sights one could need, as well as providing direct access to Manchester city centre via the tram service which is adjacent to this development. MediaCityUK has something for everyone: There is the Lowry Outlet Mall which has an abundance of stores, a cinema and even monthly markets which offer a mix of handmade goods; World-class exhibitions at both the Imperial War Museum North and The Lowry museums and The Lowry Theatre which offers a wide range of entertainment. Residents can also take advantage of this unique location by taking tours around TV studios or a relaxing walk around the beautiful quayside.
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. This, and the plans to double the size of MediaCityUK only add to the need for high quality rental accommodation in the surrounding areas. This development also has the added benefit of being managed by X1 Lettings who enjoy a large presence in the area and boast market leading tenancy rates, meaning you know your investment is in safe hands. This makes for a fantastic buy-to-let opportunity!
Financial Breakdown
Gross rent: £10,800
Ground rent: £250
Service charge: £1,815
Lettings fees: £1,037
Net income: £7,698
Gross yield: 4.7%
Net yield: 3.35%
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-13360
Property Location
Property Marketed by Yieldit
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