Land for sale · M50 2HL
The property comprises a freehold part-completed development site which benefits from outline planning permission for the development of one 27 storey tower comprising 275 self-contained apartments, a ground floor commercial unit and secure underground parking.
The site forms part of the established X1 MediaCity Development, a landmark development of over 1,100 residential units across four towers, situated in the heart of Media City UK.
Limited works have been completed on the site to date.
The extent of the works completed include: the concrete pad, piling for the 4th floor and a significant part of the basement has been completed along with contiguous piling to the entire length of the adjacent tramway.
The total site area extends to approximately 0.45 Hectare (1.1 Acres). We measure the total developable area to extend to approximately 0.20 Hectare (0.50 Acres).
Comprehensive property specifications
Opportunity summary
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About
The property comprises a freehold part-completed development site which benefits from outline planning permission for the development of one 27 storey tower comprising 275 self-contained apartments, a ground floor commercial unit and secure underground parking.
The site forms part of the established X1 MediaCity Development, a landmark development of over 1,100 residential units across four towers, situated in the heart of Media City UK.
Limited works have been completed on the site to date.
The extent of the works completed include: the concrete pad, piling for the 4th floor and a significant part of the basement has been completed along with contiguous piling to the entire length of the adjacent tramway.
The total site area extends to approximately 0.45 Hectare (1.1 Acres). We measure the total developable area to extend to approximately 0.20 Hectare (0.50 Acres).
Value & comps
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Returns
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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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Computed once at least one cost line is on file.
Agent & docs
FAQ
About Tower 4, X1 Media City, MediaCity UK, Salford, M50 2HL
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