Studio apartment

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

Size: 31 sqm

SSTC

£125,000

Size: 31 sqm

SQM
Finance breakdown
Financial performance*
Gross rent £8,100
Ground rent £250
Service charge £860
Lettings fees £778
Net income £6,213
Gross yield 6.75%
Net yield 5.18%

BUY-TO-LET INVESTMENT OPPORTUNITY WITH AN ANTICIPATED NET YIELD OF 5.18%!! Incredible studio apartment in the highly sought after X1 Media City Tower 1!


This stunning studio apartment features a contemporary open plan living, dining and sleeping area with large windows offering breath-taking views of the surrounding areas and a high spec, fully integrated kitchen. There is a separate 3-piece 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.

X1 Media City 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, and 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!

Interested in this property? Enquire today for more information

Key features

Key features

Buy-to-let hotspot

Key features

Award winning lettings management

Key features

Fully furnished

Key features

Fitted kitchen

Key features

Communal cinema room

Key features

Communal dining areas

Key features

Excellent transport links

Key features

Residents gym

Key features

En-suite

Key features

21st floor studio

BUY-TO-LET INVESTMENT OPPORTUNITY WITH AN ANTICIPATED NET YIELD OF 5.18%!! Incredible studio apartment in the highly sought after X1 Media City Tower 1! More info...

This stunning studio apartment features a contemporary open plan living, dining and sleeping area with large windows offering breath-taking views of the surrounding areas and a high spec, fully integrated kitchen. There is a separate 3-piece 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.

X1 Media City 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, and 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!

  • Key features
    Tick Desktop Buy-to-let hotspot
    Tick Desktop Award winning lettings management
    Tick Desktop Fully furnished
    Tick Desktop Fitted kitchen
    Tick Desktop Communal cinema room
    Tick Desktop Communal dining areas
    Tick Desktop Excellent transport links
    Tick Desktop Residents gym
    Tick Desktop En-suite
    Tick Desktop 21st floor studio
  • 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 £860
Lettings fees £778
Net income £6,213
Gross yield 6.75%
Net yield 5.18%

*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.