2 bedroom apartment

X1 Media City Tower 1, Michigan Avenue, Salford, M50 2GY

Size: 62 sqm

Purchase price

£220,000

Size: 62 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £10,800
Ground rent £250
Service charge £1,815
Lettings fees £1,037
Net income £7,698
Gross yield 4.91%
Net yield 3.50%

AMAZING BUY-TO-LET INVESTMENT OPPORTUNITY IN THE INCREDIBLY POPULAR X1 MEDIA CITY DEVELOPMENT!! A 2-bedroom luxury apartment on the 11th floor with stunning views and a NET yield of 3.35%!!


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!

Interested in this property? Enquire today for more information

Key features

Key features

NET yield of 3.35%

Key features

Buy-to-let hotspot

Key features

Award winning lettings management

Key features

2-bedroom apartment on the 11th floor

Key features

Fully furnished

Key features

Fitted kitchen

Key features

Communal dining areas

Key features

Excellent transport links

Key features

Resident's gym

Key features

Communal cinema room

AMAZING BUY-TO-LET INVESTMENT OPPORTUNITY IN THE INCREDIBLY POPULAR X1 MEDIA CITY DEVELOPMENT!! A 2-bedroom luxury apartment on the 11th floor with stunning views and a NET yield of 3.35%!! More info...

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!

  • Key features
    Tick Desktop NET yield of 3.35%
    Tick Desktop Buy-to-let hotspot
    Tick Desktop Award winning lettings management
    Tick Desktop 2-bedroom apartment on the 11th floor
    Tick Desktop Fully furnished
    Tick Desktop Fitted kitchen
    Tick Desktop Communal dining areas
    Tick Desktop Excellent transport links
    Tick Desktop Resident's gym
    Tick Desktop Communal 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 £10,800
Ground rent £250
Service charge £1,815
Lettings fees £1,037
Net income £7,698
Gross yield 4.91%
Net yield 3.50%

*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.