2-bedroom flat · M50 2HL
For saleReduced £5k (−2.9%) on 7 OctListed 330 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Michigan Point Tower D, 18 Michigan Avenue, M50 2Hl Yieldit are pleased to present this impressive modern apartment which is positioned within one of Salford Quays’ most popular residential towers and presents an excellent tenanted, hands off investment, currently yielding in the region of 6% net.
With a tenant in situ until 2026 and full management already in place, it offers investors a stable, low maintenance opportunity in a consistently high demand rental market.
Designed with contemporary living in mind, the property features an open plan layout, generous natural light and a sleek kitchen with integrated appliances.
Both the bedroom and bathroom are well proportioned, creating a comfortable and stylish living environment that appeals to a wide range of tenants.
Residents enjoy secure entry, lift access and professional on site management, ideal for investors seeking a truly passive and hassle free addition to their portfolio.
Salford Quays remains one of Greater Manchester’s strongest investment hotspots, driven by its waterside living, the world class MediaCityUK employment hub, excellent amenities and rapid tram links to Manchester city centre.
High rental demand, strong regeneration and ongoing commercial growth continue to support reliable occupancy and long term capital potential.
A compelling choice for investors seeking a modern, fully managed and reliably lettable asset in one of the region’s most desirable rental locations.
Financial Breakdown Gross Rent: £16,200.00 Net income: £11,980.16 Gross yield: 8.31% Net yield: 6.14% Please contact agent for full financial breakdown.
Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08345
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
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FAQ
About 210D Michigan Point, 18 Michigan Avenue, Salford
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