Flat for sale in Salford M50, 2 Bedroom

We are pleased to present his newly completed two bedroom apartment, offered fully furnished to a high standard, with a fitted kitchen, stylish bathroom including an en suite from the master with a modern high specification finish throughout situated in the X1 Media City Tower 1 offered with parking.

Residents of the tower will benefit from a number of on-site facilities such as a private gymnasium, cinema room, and a terrace dining area all fitting with the opulence of the building.

X1 Media City Tower 1 is fully managed by X1 Lettings who operate widely in the area, making this an excellent opportunity for either first time buy-to-let investors or experienced portfolio landlords.

MediaCityUK is extremely sought after for both investors and residents, with corporations such as the bbc, bupa and the University of Salford located on the doorstep, this is truly an area where innovative technologies and digital creativity have found a home. Over 60,000 people now work in the creative and digital industries in Greater Manchester, according to Amion, which forecasts that number will grow 27% by 2034.

The demand for accommodation in the area is continuing to grow, this also reflects in the increase of house prices in the area which have seen a rise in excess of £58,000 in the last 5 years alone (Zoopla – September 2018)

No surprise as to why this is such a popular choice for both buy to let investments and owner occupiers alike!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £10,500
Ground rent: £250
Service charge: £1,423
Lettings fees: £945
Net income: £7,882
Gross yield: 4.38%
Net yield: 3.28%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.

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 Housello 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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.