Michigan Avenue, Manchester, Greater Manchester, M50
KN

Michigan Avenue, Manchester, Greater Manchester, M50

By Knight Knox

£ 159,995

Reviews

2 out of 5 stars

Knight Knox says ..

** EXCELLENT BUY-TO-LET INVESTMENT | RESIDENTIAL APARTMENTS** : MediaCityUK investment opportunity. X1 Media City Tower 4 includes a selection of spacious studio apartments across the 26 floors of this development in one of the UK's best buy-to-let markets. **CONTACT NOW FOR DETAILS**

Property Oracle says ..

This property is a studio apartment located in the MediaCityUK area of Salford, Greater Manchester. MediaCityUK is a modern, rapidly developing area known for its media and technology businesses. This offers excellent transport links, including proximity to train stations and the Metrolink tram system. The area also benefits from several schools, including Oasis Academy MediaCityUK, which is rated “Good” by Ofsted.

The apartment itself, judging by the images provided, appears to be modern and well-presented, featuring contemporary fixtures and fittings and what seems to be excellent views. However, it’s crucial to note that the provided photos may be marketing materials and should not be taken as completely accurate representations. There is a significant lack of information about the property’s specific characteristics, such as the exact size (although SQFT is provided), number of bedrooms, bathrooms and if it comes with parking. These are important factors in determining value and livability.

The provided list price appears lower than comparable properties in the immediate vicinity, which generally command much higher prices, however, this is only in comparison to buy-to-let apartments with more bedrooms, so it is hard to directly compare. Further investigation into the exact specifications of this studio apartment is recommended to fully ascertain its value and to verify the actual current market price. Given the lack of crucial details about the property (no bedrooms or bathrooms mentioned) a thorough in-person viewing and obtaining full property specifics are essential before making any decisions. There is a potential for rental income for investor buyers, however it is hard to evaluate without more information.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
8
Location
7
Land
1
Bedrooms
0
Bathrooms
0
Sqft (est)
290.63

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
298,335.00 £
Increased by 24.44 %
from 239,734.00 £
Est sale value
130,492.87 £
Increased by 22.34 %
from 106,661.21 £
Average area rental value
1,397.00 £/mo
Increased by 10.61 %
from 1,263.00 £/mo
Est letting value
581.26 £/mo
Increased by 100.00 %
from 290.63 £/mo
Est rental Yield
5.62 %
Decreased by 11.08 %
from 6.32 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Knight Knox created the listing.

Nearby Schools

NameTypeOfstedDistance
Aldridgeutc@MediacityukUniversity Technical College0.35 KM
Oasis Academy MediacityukAcademy Sponsor LedGood1.13 KM
Langworthy Children'S CentreChildren's Centre Linked Site1.15 KM
Lark Hill Community Primary SchoolCommunity SchoolRequires improvement1.24 KM
Willow Tree Primary SchoolCommunity SchoolGood1.37 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Quays £ 000.00 KM
Ohio Avenue £ 205,29400.00 KM
Trafford Wharf £ 000.00 KM
Joule Close £ 000.00 KM
Tweedale Street £ 125,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Manchester United Football Ground2996MUF1.35 KM
Salford Crescent2794SLD2.42 KM
Trafford Park2969TRA2.84 KM
Salford Central2798SFD4.40 KM
Humphrey Park2937HUP4.46 KM

Nearby Listings

Nearby Properties

AddressPriceDistance
41 Winnipeg Quay £ 230,0000.36 KM
81 Winnipeg Quay £ 276,0000.36 KM
53 Winnipeg Quay £ 149,9500.36 KM
21 Winnipeg Quay £ 245,0000.36 KM
16 Winnipeg Quay £ 228,0000.36 KM