Michigan Avenue, Salford M50 2HD, UK

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Bedrooms: 2

Bathrooms: 1

Receptions: 1

Year built: ?

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Agents think: £216,995  1 agent(s) valuations found

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2021-04-06 13:09, User_1

North Property Group Ltd Agent Valuation of this property is £216,995

Description:

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

ensuite

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.

Amenities

X1 Michigan Towers boasts an abundance of on-site amenities including: An exclusive residents cinema room, bike storage, resident Wi-fi lounge, 24 hour concierge, gym, landscaped gardens, retail and restaurant outlets.

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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