2-bedroom flat · M50 2HB
For saleListed 52 days
Opportunity summary
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About
*Investors only* 12th floor, two bedroom apartment with parking in the highly sought after Michigan Point development.
Description *Investors only, £1,250pcm rent excluding parking space currently achieved* Savills are delighted to present this stunning, 12th floor, two bedroom corner apartment in the highly sought after Michigan Point development.
Boasting far reaching views towering over Salford Quays, Michigan Point is a striking apartment complex that has proven hugely popular with Manchester and Salford's growing working professional populace.
Briefly, this fantastic corner unit property has a large open-plan living/kitchen area, with an abundance of light and far reaching views from the floor to ceiling windows.
The kitchen comes fully fitted with integrated appliances including a fridge/freezer. The double bedrooms are well-appointed and spacious with the primary bedroom enjoying a stylish en suite bathroom.
Completing the apartment is a luxury three piece suite main bathroom. Externally, the apartment also benefits from parking included within the purchase price!
EWS1 Form available, with an A1 rating completed March 2022. Location Michigan Point sits in a desirable Salford Quays location close to all Media City has to offer.
Harbour City tram stop (0.1m) is located directly outside the development offering excellent connectivity in and around Manchester.
The picturesque water front of the Quays is also situated nearby (0.2m), offering a serene and peaceful setting to relax close to home. You are also not far from sport and entertainment options.
Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 1.1m and 4.4m away respectively.
The Manchester Velodrome, part of the National Cycling Centre is also 5.1m distance, whilst Manchester tennis and racquet club also offers superb options for a variety of racket sports, including tennis, padel and squash to name a few, and is located only 2.3m distance.
For cultural activities locally, residents are situated near to Media City (0.4m) which offers a variety of leisure and nightlife activities. Please note all distances quoted are approximate.
Square Footage: 701 sq ft Leasehold with approximately 964 years remaining. Additional Info First ground rent review date to be 2026 and every tenth anniversary of the term.
Initially the ground rent shall double for the first 30 years and then every 10 year period thereafter increase in line with rpi however the owner is looking to amend the ground rent review method to remove the doubling clause and replace to in line with rpi for the first 30 years of the term and thereafter.
Further information as required is available from the local office.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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About Apartment 1201, Michigan Point Tow, 9, Michigan Avenue, Greater Manchester
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