1 bedroom apartment

X1 Media City, Michigan Avenue, Salford, M50 2HA

Size: 40 sqm

Purchase price

£150,000

Size: 40 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £8,100
Ground rent £250
Service charge £1,026
Lettings fees £648
Net income £6,176
Gross yield 5.4%
Net yield 4.12%

TENANTED INVESTMENT OPPORTUNITY - A spacious 1-bedroom apartment on the 6th floor of the newly completed X1 Media City Tower 1 development in the heart of Salford Quays and the doorstep of MediaCityUK!


An outstanding one bedroom apartment perfectly positioned on the 6th floor of the recently completed X1 Media City Tower 1 development in the heart of the picturesque Salford Quays and on the doorstep of MediaCityUK.

This apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of fantastic on site facilities including a gymnasium and cinema room.

The apartment offers luxury accommodation in one of the UK’s best rental locations, with corporations such as the BBC, BUPA and the University of Salford right on the doorstep in MediaCityUK. It’s unsurprising then that economic growth in Manchester has outstripped that in capital since 2014 according to the Financial Times and between January and March 2015, 1,393 new companies launched in Salford, an 85% increase on the previous year.

This is truly an area where innovative technologies and digital creativity have found a home, so it is no surprise that many people are moving to this stunning waterfront locale to be a part of it – as well as the UK’s de-facto second city Manchester being just a short tram journey away.

Plans to double the size of MediaCityUK only add 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.

Apartments at X1 Media City additionally benefit from expert block management from 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.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Interested in this property? Enquire today to recieve further details upon this investment opportunity

Key features

Key features

Tenanted For Instant Income

Key features

4.19% NET Yield

Key features

6th Floor

Key features

Full Furnished

Key features

Located In The Heart Of Media City

Key features

Great Transport Links

Key features

Gymnasium

Key features

Cinema Room

TENANTED INVESTMENT OPPORTUNITY - A spacious 1-bedroom apartment on the 6th floor of the newly completed X1 Media City Tower 1 development in the heart of Salford Quays and the doorstep of MediaCityUK! More info...

An outstanding one bedroom apartment perfectly positioned on the 6th floor of the recently completed X1 Media City Tower 1 development in the heart of the picturesque Salford Quays and on the doorstep of MediaCityUK.

This apartment comes fully furnished to a high standard and enjoys a modern and stylish finish with the added bonus of fantastic on site facilities including a gymnasium and cinema room.

The apartment offers luxury accommodation in one of the UK’s best rental locations, with corporations such as the BBC, BUPA and the University of Salford right on the doorstep in MediaCityUK. It’s unsurprising then that economic growth in Manchester has outstripped that in capital since 2014 according to the Financial Times and between January and March 2015, 1,393 new companies launched in Salford, an 85% increase on the previous year.

This is truly an area where innovative technologies and digital creativity have found a home, so it is no surprise that many people are moving to this stunning waterfront locale to be a part of it – as well as the UK’s de-facto second city Manchester being just a short tram journey away.

Plans to double the size of MediaCityUK only add 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.

Apartments at X1 Media City additionally benefit from expert block management from 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.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

  • Key features
    Tick Desktop Tenanted For Instant Income
    Tick Desktop 4.19% NET Yield
    Tick Desktop 6th Floor
    Tick Desktop Full Furnished
    Tick Desktop Located In The Heart Of Media City
    Tick Desktop Great Transport Links
    Tick Desktop Gymnasium
    Tick Desktop Cinema Room
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £8,100
Ground rent £250
Service charge £1,026
Lettings fees £648
Net income £6,176
Gross yield 5.4%
Net yield 4.12%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.