Media City Tower 2, Manchester M50 2HD
By yieldit
£ 158,000
yieldit says ..
This stunning apartment is situated on the 18th floor of the second tower at the X1 Media City development, offering breath-taking views of the city skyline and the Quays. This apartment features a bright and spacious open plan living and dining area with a high spec fitted kitchen; one double bedroom; a family bathroom complete with 3-piece suite and plenty of storage space. Residents of X1 Media City can also enjoy the tower's fantastic facilities such as a private resident’s gym, cinema room and dining area with terrace. The apartment is also offered fully furnished to the highest standard, <br /><br />Located in Salford Quays - the newly dubbed ‘Canary Wharf of the North’ - residents have access to a host of restaurants, bars and shops right on their doorstep as well as having easy access to Manchester city centre via the Harbour City Metrolink tram stop which sits at the foot of the development. The area is understandably known as one of the UK’s buy-to-let hotspots and tenants are eager to live in developments like X1 Media City. This area offers the ultimate cosmopolitan lifestyle experience for the many people who call the stunning Salford Quays waterfront home, proving that this is, by any measure, one of the most attractive places to live in the UK, and the overwhelming tenant demand only goes to confirm this.<br /><br />Property prices in Salford are up by over 18% in the last five years alone (Zoopla - September 2021), and industry experts anticipate that Greater Manchester will need at least 200,000 new homes by 2040 to meet anticipated economic and population growth. The plans to double the size of MediaCityUK only add to the need for high quality rental accommodation in the surrounding areas. With the added benefit of being managed by X1 Lettings who enjoy a large presence in the area and boast market leading tenancy rates, you know your investment is in safe hands. This makes for a fantastic buy-to-let opportunity!<br /><br /> Financial Breakdown<br /><br /> Gross rent: £9,480 <br /> Ground rent: £250 <br /> Service charge: £1,022 <br /> Lettings fees: £835 <br /> Net income: £7,373 <br /> Gross yield: 6% <br /> Net yield: 4.67% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-17354
- Bedrooms
- 1
- Bathrooms
- 1
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Metrics Year-on-Year
- Average area value
- 298,335.00 £Increased by 24.44 %
- Average area rental value
- 1,397.00 £/moIncreased by 10.61 %
- Est rental Yield
- 5.62 %Decreased by 11.08 %
- Crime Rate
- 0.00 %
Agent Activity
yieldit created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Aldridgeutc@Mediacityuk | University Technical College | 0.54 KM | |
| Oasis Academy Mediacityuk | Academy Sponsor Led | Good | 0.91 KM |
| Lark Hill Community Primary School | Community School | Requires improvement | 1.11 KM |
| Langworthy Children'S Centre | Children's Centre Linked Site | 1.20 KM | |
| Willow Tree Primary School | Community School | Good | 1.40 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Ohio Avenue | £ 205,294 | 0 | 0.00 KM |
| The Quays | £ 0 | 0 | 0.00 KM |
| Joule Close | £ 0 | 0 | 0.00 KM |
| Netherland Street | £ 0 | 0 | 0.00 KM |
| Trafford Wharf | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manchester United Football Ground | 2996 | MUF | 1.35 KM |
| Salford Crescent | 2794 | SLD | 2.22 KM |
| Trafford Park | 2969 | TRA | 3.02 KM |
| Salford Central | 2798 | SFD | 4.18 KM |
| Deansgate | 2963 | DGT | 4.49 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Michigan Avenue, Manchester, Greater Manchester, M50 | £ 319,995 | BUY | Unknown | 0.00 KM |
| Michigan Avenue, Manchester, Greater Manchester, M50 | £ 316,995 | BUY | Unknown | 0.00 KM |
| Michigan Avenue, Manchester, Greater Manchester, M50 | £ 215,995 | BUY | Unknown | 0.00 KM |
| Michigan Avenue, Manchester, Greater Manchester, M50 | £ 229,995 | BUY | 7 / 10 | 0.00 KM |
| Michigan Avenue, Manchester, Greater Manchester, M50 | £ 339,000 | BUY | Unknown | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 100 Vancouver Quay | £ 157,500 | 0.28 KM |
| 75 Vancouver Quay | £ 160,000 | 0.28 KM |
| 101 Vancouver Quay | £ 183,000 | 0.28 KM |
| 123 Vancouver Quay | £ 247,000 | 0.28 KM |
| 115 Vancouver Quay | £ 384,000 | 0.28 KM |