Studio apartment

X1 Media City, Michigan Avenue, M50 2GY

Size: 31 sqm

Purchase price

£125,000

Size: 31 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £8,100
Ground rent £250
Service charge £918
Lettings fees £778
Net income £6,155
Gross yield 6.48%
Net yield 4.92%

Excellent investment opportunity!! Studio apartment in the highly sought after X1 Media City Tower 1 with a NET yield of 4.92%


X1 Media City is one of the premier residential developments in the North West and will provide 1,100 apartments spread across four magnificent towers to the private rental market. The towers will overlook Salford Quays and MediaCityUK, meaning that they are located in one of the most exciting areas in the UK. With corporations such as the BBC, BUPA and the University of Salford having headquarters here, this is truly an area where innovative technologies and digital creativity have found a home, and young professionals are moving to this stunning waterfront locale to be a part of it.

X1 Media City Tower 1 was the first of the four towers to be launched, and it is now completed and occupied. The 275 large apartments have been finished to the highest possible standard and residents are able to take advantage of on-site facilities such as a private gymnasium. The local area also provides all of the amenities and cultural sights one could need, as well as providing direct access to the nearby city of Manchester via the tram service which is located adjacent to X1 Media City. All apartments will be let and managed by the award-winning X1 Lettings, ensuring the best possible service for both investors and tenants.

The location at MediaCityUK, found in the heart of Salford Quays, truly contributes to the cosmopolitan vibe of the development, as it is increasingly becoming the place-to-be for creative and digital businesses. Salford, part of Greater Manchester, was crowned by the Guardian in 2014 as the “UK’s property hotspot”, due to its property values having risen faster than anywhere else in the country.

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 for more information

Key features

Key features

Fully furnished

Key features

Fitted kitchen

Key features

Highly sought after location

Key features

Private gym

Key features

Tram stop close by

Key features

Let and managed by X1 Lettings

Key features

Manchester city centre nearby

Key features

UK property hotspot

Key features

Overlooking Salford Quays and MediaCityUK

Excellent investment opportunity!! Studio apartment in the highly sought after X1 Media City Tower 1 with a NET yield of 4.92% More info...

X1 Media City is one of the premier residential developments in the North West and will provide 1,100 apartments spread across four magnificent towers to the private rental market. The towers will overlook Salford Quays and MediaCityUK, meaning that they are located in one of the most exciting areas in the UK. With corporations such as the BBC, BUPA and the University of Salford having headquarters here, this is truly an area where innovative technologies and digital creativity have found a home, and young professionals are moving to this stunning waterfront locale to be a part of it.

X1 Media City Tower 1 was the first of the four towers to be launched, and it is now completed and occupied. The 275 large apartments have been finished to the highest possible standard and residents are able to take advantage of on-site facilities such as a private gymnasium. The local area also provides all of the amenities and cultural sights one could need, as well as providing direct access to the nearby city of Manchester via the tram service which is located adjacent to X1 Media City. All apartments will be let and managed by the award-winning X1 Lettings, ensuring the best possible service for both investors and tenants.

The location at MediaCityUK, found in the heart of Salford Quays, truly contributes to the cosmopolitan vibe of the development, as it is increasingly becoming the place-to-be for creative and digital businesses. Salford, part of Greater Manchester, was crowned by the Guardian in 2014 as the “UK’s property hotspot”, due to its property values having risen faster than anywhere else in the country.

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

  • Key features
    Tick Desktop Fully furnished
    Tick Desktop Fitted kitchen
    Tick Desktop Highly sought after location
    Tick Desktop Private gym
    Tick Desktop Tram stop close by
    Tick Desktop Let and managed by X1 Lettings
    Tick Desktop Manchester city centre nearby
    Tick Desktop UK property hotspot
    Tick Desktop Overlooking Salford Quays and MediaCityUK
  • 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 £918
Lettings fees £778
Net income £6,155
Gross yield 6.48%
Net yield 4.92%

*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.