New home, 1 bed flat for sale in Michigan Avenue, Salford M50, £175,995

175,995.00

Offer Nr.:
61210563
Type of ad:
for Sale
Property type:
1 bed flat
Bedrooms:
1
Bathrooms:
1
Reception rooms:
1
Contact name:
North Property Group Manchester
Phone(s):
0161 300 1958

* 2 years 6% net assured returns
* High tenant demand
* Prime location
* Estimated yields up to 5%
* Premium specification throughout
* Fantastic on site amenities
* One, two and three bed apartments
* Great potential for capital growth
* Award winning developer
* High specifications
**2 years 6% net assured returns**stunning apartment**estimated yields up to
5%**unrivalled views of manchester and salford quays**estimated completion Q1
2023**located in the heart of mediacityuk**
_X1_ _michigan_ _towers_
This development will feature four iconic towers, all alongside unique facades
with a stunning architectural design.
Each tower is set with a modern landscaped public realm, equipped with café
spaces, restaurants, retail and office space alongside the residential offer.
With heights ranging between 14 and 35 floors, the towers will provide breath -
taking views of MediaCityUK, Salford Quays and central Manchester too.
Located in the heart of MediaCityUK in the iconic Salford Quay, which is home
to Coronation Street as well as bbc, itv, Ericsson and Kellog's. This new
development will compliment the existing towers as well as fitting perfectly
with the business and leisure community.
This development will present an exclusive opportunity to invest in limited
luxury property situated at the very heart of Peels' thriving MediaCityUK
project.
_High_ _specifications_
_kitchens_
Kitchens are fully fitted modern kitchens equipped with integrated appliances
such as; base units and worktops, an electric multifunction oven and hob which
is finished in stainless steel, a full height fridge/freezer, Camaro vinyl
wood strip flooring, an extractor unit and a dishwasher.
_Electricals_ _and_ _services_
The development is fully equipped with recessed downlighters to all areas,
TV/satellite aerial sockets in the studio linked to a communal aerial dish.
The kitchens come with chrome finished electrical sockets, and white finish
sockets persist throughout the remaining areas.
The development will boast an ethernet data point for internet access, a fibre
optic broadband connection to the building as well as electric heating in all
apartments
_ensuites_
Ensuite's within this development will consist of: Modern white sanitary ware
including a concealed cistern WC, contemporary chrome fittings, a high quality
shower fitting a heated electric towel rail as well as the walls and floors
being fully tiled in contemporary ceramic tiling.
_Communal_ _areas_
This development will consist of a number of high quality communal areas, such
as a fully equipped gymnasium, an exclusive residents cinema room alongside a
secure electronic fob operated door system.
In addition to this, the development also boasts a main communal entrance area
with ceramic tiled floor finishes & high quality furniture within the seating
area available.
_Manchester_
_investment_ _case_
Since 2018, Manchester has successfully achieved a higher rental and higher
price growth than the average in the UK. As a result of this, you should
achieve some of the UK's highest short and long - term property investment
returns.
The city Is experiencing a significant undersupply, with Manchester's
population rising at 15 times the rate new homes are being built, resulting in
City Centre apartments getting up to 10 enquiries per property and some are
tenanted within one hour, meaning now is the perfect time to invest in
Manchester.
Manchester's property market also holds an impressive history; with property
price growth in Manchester exceeding the UK average for five consecutive year,
from 2013 - 2018. Within the 12 months to June 2018 alone, the average property
values in Manchester increased by 7. 4%, and within six years between November
2011 and November 2017, prices of apartments increased by 51%.
Even though the pandemic impacted the UK's housing market, Manchester has
remained a hotspot for property investment. Despite the property market
freezing during lockdown, Manchester is still expected to record a house price
growth of 4. 1% during 2020, as opposed to the UK average of 2. 9%
_property_ _market_
Since 2015, house prices in Manchester have increased by 32. 5% and are set to
grow by another 22. 8% by 2022. Average rental yields in Manchester are
currently reaching as high as nearly 8% in the M14 and M11 postcodes.
Manchester has undergone 7% population growth during the previous decade,
reaching over 2. 7 million in 2019. Furthermore, Manchester's population is
expected to increase consistently over the next few years, reaching more than
3 million by 2035. This has led to high demand for housing in a city without
enough supply.
_Economy_
Europe's second - largest cluster of creative/ media businesses. Home to the
£28. 5 million Cancer Research Centre – one of the UK's most innovative medical
research facilities
A world renowned education sector, with a 105, 000 student population as well
as a graduate retention rate of 51%, for instance. Oxford University
economists predict that job growth in the city will exceed many international
capitals including Paris, Berlin and Tokyo. Many UK businesses are
'Northshoring' to Manchester. This is expected to create 55, 000 new jobs by
2025. Additionally, adding £19 billion Total Gross Value to the economy and
increase residents' disposable income by 28%.
_Student_ _community_
With around 100, 000 students in the city, Greater Manchester is home to one of
the largest students communities in Europe. Students flock to Manchester from
all over the globe, with international students from almost every country on
Earth living here.
Additionally, Manchester has a fantastic graduate retention rate. Over half of
all higher education leavers decide to stay in the city, creating great
opportunities for buy - to - let investors interested in renting to young
professionals.
_Enquire_ _with_ _north_ _property_ _invest_

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