# 2 bedroom flat for sale (M50 2HL) ## Property Details | Key | Value | |-----|-------| | Address | Michigan Point Tower D, 18 Michigan Avenue, Salford M50 2HL | | Price | £200,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Last sold | £200,000 | ## Description We are pleased to present this large luxurious 2-bedroom apartment with en-suite, ideally positioned on the 7th floor of the brand new X1 Media City Tower D. Benefiting from a corner position with floor to ceiling windows, a tonne of natural light and views of Media City this stunning apartment features open plan living, fully-fitted high gloss kitchen, two double bedrooms, ensuite to the master, family bathroom and utility cupboard. This opportunity is presented as a tenanted investment meaning you can generate an impressive return above 6% NET right from completion and this property is sure to make a fantastic addition to any investor’s portfolio. Media City could not be a better choice of location for savvy buy-to-let investors, being home to huge corporations such as the BBC, ITV and hundreds of other businesses there is always a huge demand for high quality accommodation such as X1 Media City. Media City is one the best locations for young professional renters in the UK right now. Offering a host of shops, popular bars and restaurants within walking distance of this impressive development, as well as the Lowry Theatre and the Imperial War Museum North just minutes away. Residents will also have direct access to Manchester city centre via the Harbour City Metrolink tram stop, which is ideally positioned outside of the development. It is no wonder that the population of Salford is booming, and apartment prices are growing at a similar pace. Property prices in Salford have skyrocketed over the last few years and industry experts anticipate that Greater Manchester will need at least 200,000 new homes by 2040 to meet anticipated economic and population growth, making now the perfect opportunity to invest. Financial Breakdown Gross rent: £16,500 Service charge: £1,628 Net income: £14,872 Gross yield: 8.25% Net yield: 7.44% 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-07531 ## Property Photos - ![Photo](/listings/photos/140712848/555663) - ![Photo](/listings/photos/140712848/555666) - ![Photo](/listings/photos/140712848/555668) - ![Photo](/listings/photos/140712848/555672) - ![Photo](/listings/photos/140712848/555674) - ![Photo](/listings/photos/140712848/555677) - ![Photo](/listings/photos/140712848/555680) - ![Photo](/listings/photos/140712848/555682) - ![Photo](/listings/photos/140712848/555684) - ![Photo](/listings/photos/140712848/555687) - ![Photo](/listings/photos/140712848/555691) - ![Photo](/listings/photos/140712848/555696) - ![Photo](/listings/photos/140712848/555699) - ![Photo](/listings/photos/140712848/555703) ## EPC Graphs - ![EPC 1](/listings/photos/140712848/555706) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | | £200,000 | 01/01/2024 | — | | | £199,995 | 01/01/2023 | — | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | MICHIGAN POINT TOWER A, 9 APARTMENT 1704 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HB | £100,000 | 19/12/2025 | Flat | | N V BUILDING, 100 APARTMENT 229 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BE | £164,995 | 15/12/2025 | Flat | | N V BUILDING, 100 APARTMENT 236 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BE | £372,000 | 05/12/2025 | Flat | | 52 WINNIPEG QUAY, SALFORD, GREATER MANCHESTER, M50 3TY | £280,000 | 21/11/2025 | Flat | | N V BUILDING, 96 APARTMENT 68 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB | £365,000 | 29/08/2025 | Flat | | N V BUILDING, 96 APARTMENT 34 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB | £330,000 | 28/08/2025 | Flat | | MICHIGAN POINT TOWER B, 11 APARTMENT 2008 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HJ | £135,000 | 18/07/2025 | Flat | | N V BUILDING, 98 APARTMENT 153 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BD | £295,000 | 27/06/2025 | Flat | | N V BUILDING, 96 APARTMENT 9 THE QUAYS, SALFORD, GREATER MANCHESTER, M50 3BB | £278,000 | 22/05/2025 | Flat | | NUMBER ONE APARTMENT 1509 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB | £187,950 | 28/03/2025 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 1105 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HB | £125,000 | 29/08/2024 | Flat | | MICHIGAN POINT TOWER D, 18 APARTMENT 1207 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN | £157,995 | 09/01/2024 | Flat | | MICHIGAN POINT TOWER D, 18 APARTMENT 1404 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN | £331,000 | 15/12/2023 | Flat | | MICHIGAN POINT TOWER D, 18 APARTMENT 1601 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN | £218,495 | 14/12/2023 | Flat | | MICHIGAN POINT TOWER D, 18 APARTMENT 1109 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HN | £244,495 | 14/12/2023 | Flat | | MICHIGAN POINT TOWER B, 11 APARTMENT 709 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HG | £148,000 | 13/12/2023 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 2011 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HD | £220,000 | 07/12/2023 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 2606 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HD | £240,000 | 05/12/2023 | Flat | | NUMBER ONE APARTMENT 1802 PINK, MEDIA CITY UK, SALFORD, GREATER MANCHESTER, M50 2BB | £120,000 | 27/11/2023 | Flat | | MICHIGAN POINT TOWER A, 9 APARTMENT 906 MICHIGAN AVENUE, SALFORD, GREATER MANCHESTER, M50 2HA | £225,000 | 03/11/2023 | Flat | **Area average:** £226,897 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £204,425 (51 Flat, M50, 2024–2026) - **Deviation:** -2.2% ## Rental Range *ONS Price Index of Private Rents (North West). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £856/mo - **Realistic:** £951/mo - **Optimistic:** £1,046/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Central Greater Manchester (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £873/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Leader House, M50 | £1,800/mo | 2 | 0.34 miles | OpenRent | **Average rent: £1,800/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.9% (okay) - **Max investor price (0.8%):** £225,000 - **Target investor price (1%):** £180,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,800/mo).* - **Gross yield:** 10.8% - **Cost-to-rent:** 9.3× - **Monthly cashflow:** £807/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 16.7% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. 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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 7.2% - **10y growth:** 52.1% ## House Price Index (HM Land Registry) *Official index for North West; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -7.4% - **5y growth (index):** 6.8% - **10y growth (index):** 45.6% ## 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)