1 bedroom apartment

Michigan Avenue, Manchester M50 2GY

Size: 39 sqm

Purchase price

£152,000

Size: 39 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £8,700
Ground rent £250
Service charge £1,022
Lettings fees £835
Net income £6,593
Gross yield 5.72%
Net yield 4.34%

EARN INSTANT INCOME ON THIS INVESTMENT OPPORTUNITY! This stunning apartment comprises of a modern fully fitted integrated kitchen with open plan living/dining area, family bathroom, bright and airy bedroom. The apartment is offered fully furnished to a high standard.

The development is in high demand and features fantastic communal facilities for residents of the building - these include a secure entry system with intercom access, a state-of-the-art private onsite residents’ gym, as well as a communal cinema room. Perfectly located in the heart of MediaCityUK, this development has a number of bars, restaurants and shops on its doorstep, as well a tram stop that has direct links to Manchester city centre.

MediaCityUK is a dynamic commercial centre, currently home to more than 8,700 businesses which employ over 127,000 people making MediaCityUK one of the best locations for young professional renters in the UK right now. Media City is the home of major corporations such as the BBC and ITV, making the area the home to innovative technologies and a desirable location to invest. It is no surprise that there is a high demand of people wanting to move to this stunning waterfront locale, reflective on the house prices in the area which have seen a rise by over 20% in the last 5 years alone. (Zoopla – April 2021) making it one of the most popular buy-to-let hotspots in the UK!! **CASH BUYERS ONLY**

With average house prices at GBP 247,726 and an expected increase of 6% in 2022, Manchester’s expected average house price is GBP 262,589 for 2022 according to Property Notify.

Manchester is set to see the highest rate of economic growth of all the major UK cities over the next five years with GVA growth of 16.4% according to Oxford Economics, so make sure you invest today to avoid missing out!

EARN INSTANT INCOME ON THIS INVESTMENT OPPORTUNITY! Beautiful one bedroom apartment in the excellent X1 Media City Tower 2 development.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

One bedroom apartment

Key features

Fifteenth Floor

Key features

Great transport links

Key features

Onsite gymnasium

Key features

Communal areas

EARN INSTANT INCOME ON THIS INVESTMENT OPPORTUNITY! Beautiful one bedroom apartment in the excellent X1 Media City Tower 2 development. More info...

EARN INSTANT INCOME ON THIS INVESTMENT OPPORTUNITY! This stunning apartment comprises of a modern fully fitted integrated kitchen with open plan living/dining area, family bathroom, bright and airy bedroom. The apartment is offered fully furnished to a high standard.

The development is in high demand and features fantastic communal facilities for residents of the building - these include a secure entry system with intercom access, a state-of-the-art private onsite residents’ gym, as well as a communal cinema room. Perfectly located in the heart of MediaCityUK, this development has a number of bars, restaurants and shops on its doorstep, as well a tram stop that has direct links to Manchester city centre.

MediaCityUK is a dynamic commercial centre, currently home to more than 8,700 businesses which employ over 127,000 people making MediaCityUK one of the best locations for young professional renters in the UK right now. Media City is the home of major corporations such as the BBC and ITV, making the area the home to innovative technologies and a desirable location to invest. It is no surprise that there is a high demand of people wanting to move to this stunning waterfront locale, reflective on the house prices in the area which have seen a rise by over 20% in the last 5 years alone. (Zoopla – April 2021) making it one of the most popular buy-to-let hotspots in the UK!! **CASH BUYERS ONLY**

With average house prices at GBP 247,726 and an expected increase of 6% in 2022, Manchester’s expected average house price is GBP 262,589 for 2022 according to Property Notify.

Manchester is set to see the highest rate of economic growth of all the major UK cities over the next five years with GVA growth of 16.4% according to Oxford Economics, so make sure you invest today to avoid missing out!


*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 £8,700
Ground rent £250
Service charge £1,022
Lettings fees £835
Net income £6,593
Gross yield 5.72%
Net yield 4.34%

*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.