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Property Listing Details

Property details

  • 3 bedrooms
  • 2 bathrooms
  • 1 reception room

Listing view statistics

Last 30 days: 70 page views

Since listed: 1532 page views

Description

Investment property - cash buyers only!

We are pleased to present this large luxurious 3 bedroom apartment ideally positioned on the 9th floor of the newly completed X1 Media City Tower 1 development on the doorstep of MediaCityUK – the home of both the bbc and itv.

This stunning apartment comprises of a modern fully integrated kitchen with open plan living/dining area, three good sized bedrooms with the master featuring a high spec en-suite bathroom with a second stylish 3-piece suite bathroom. The apartment is offered fully furnished to a high standard harmonious with the lavish modern design of the development.

The development is in high demand and features fantastic communal facilities for residents of the building, such as 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 Media City, local to all shops, bars, restaurants and great transport routes with the tram stop being a stone’s throw away.

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 40% in the last 5 years alone. (Zoopla – November 2018) making it one of the most popular buy-to-let hotspots in the UK!

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

Financial Breakdown

Gross rent: £15,000
Ground rent: £250
Service charge: £1,840
Lettings fees: £1,440
Net income: £11,470
Gross yield: 6.67%
Net yield: 5.1%

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

Yieldit ref: Yl-12956

Map & Nearby

Local Amenities

  • Manchester United Football Ground 0.8 miles
  • Salford Crescent 1.1 miles
  • Oasis Academy MediaCityUK 0.4 miles
  • St Joseph's RC Primary School 0.5 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Manchester United Football Ground 0.8 miles
  • Salford Crescent 1.1 miles
  • Oasis Academy MediaCityUK 0.4 miles
  • St Joseph's RC Primary School 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in M50:

  • £160,384
  • Price decrease

  • -£21,563
  • (-11.851%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £188,827
  • Properties sold

    94

Rental opportunities

Looking for an investment? The average rent for a 3 bedroom flat in M50 is currently:

£1,075 pcm
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Estimated running costs

Based on available 3rd party data

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These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Developer

Price history

Sold prices provided by Land Registry
7th Feb 2019 £235,000 Price reduced by £10,000
13th Dec 2018 £245,000 Price reduced by £15,000
6th Nov 2018 £260,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.