# Studio flat for rent (M50 2HN)

## Property Details

| Key | Value |
|-----|-------|
| Address | Media City, Michigan Point Tower D, 18 Michigan Avenue, Salford, M50, M50 2HN |
| Price | £850 pcm |
| Council tax | B |
| Last sold | £124,995 |

## Description

GET FIRST MONTH FREE!

* Fully Furnished Apartments

* Situated in the heart of MediaCityUK

* Onsite residents gym

* Onsite cinema room

* Co-working spaces

* Tenant loyalty card exclusive

* Secure entry system

* Bills included package now available at additional cost

FIRST MONTHS RENT FREE!

Move in on or before 31st May 2024 and get your first months rent free* (terms below).

Embark on a new era of living with the upcoming unveiling of X1 Media City Tower D in 2023. Nestled in the heart of MediaCityUK, this brand-new 26-storey development promises unrivaled amenities and an exceptional location for a lifestyle of comfort and convenience.

Situated opposite the Harbour City tram stop, X1 Media City Tower D ensures seamless connections to wider Manchester, making it the perfect home for dynamic working professionals across the city.

Residents at X1 Media City can effortlessly stroll into MediaCityUK in under 2 minutes, immersing themselves in a vibrant atmosphere adorned with numerous bars and restaurants right on their doorstep.

Discover the epitome of luxury in fully furnished apartments designed to a high specification, complete with essential white goods. Beyond your residence, relish in the amenities that X1 Media City Tower D offers – an onsite gym, a cinema room, and a co-working space, all inclusive of your rent.

FIRST MONTH RENT FREE INCENTIVE T&C's

*Move in on or before 31st May 2024 to qualify

*This is exclusive to this property ONLY.

*Minimum term 12 months

TENANCY DETAILS

Holding deposit equivelant to 1 weeks rent, refundable upon successfully completing referencing.

Reposit available. One months deposit entered into government protected scheme (DPS) otherwise.

For more information or to book in a viewing call us today.

## Property Photos

- ![Picture No. 02](/listings/photos/145235870/555605) - Picture No. 02
- ![Picture No. 03](/listings/photos/145235870/555611) - Picture No. 03
- ![Picture No. 01](/listings/photos/145235870/555616) - Picture No. 01

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/145235870/555617) - EPC Rating Graph

## Rental Range

*ONS Price Index of Private Rents (Salford). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,046/mo
- **Realistic:** £1,162/mo
- **Optimistic:** £1,278/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central Greater Manchester (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, N V Building, M50 | £1,195/mo | 1 | 0.07 miles | OpenRent |
| 3 Bed Flat, Michigan Point Tower A, M50 | £1,795/mo | 3 | 0.08 miles | OpenRent |
| 2 Bed Flat, Winnipeg Quay, M50 | £1,210/mo | 2 | 0.19 miles | OpenRent |

**Average rent: £1,400/mo (3 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,210/mo).*

- **Gross yield:** 1708.2%
- **Monthly cashflow:** £1,061/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5163.4%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)