Chapel Street, M3Studio for sale

£55,000

About this property

This is an ensuite double bedroom within a 6 bedroom student cluster. This kitchen and lounge area is shared with other rooms in the sam,e cluster.

Rent achieved £148.00 per week per unit

STUDENT INVESTMENT OPPORTUNITY AVAILABLE! TENANT IN SIT UNTIL AT LEAST AUGUST 2022.

X1 Lettings are delighted to bring this fully furnished student investment property to the market with a long standing property management company in place to maximise rental income.

This student property is located within a 6 bedroom cluster flat and residents can enjoy access to a communal gardens, patio area and onsite gym.

Apartment 16 room E is fully furnished with a tenant in place for 12 months at £148 per week – £7,696 per annum.

-Student Double En-Suite Room
-Current rent £138 per week
-Ground Rent is £250 per annum
-Service Charge is £2,220.02
-Lettings Fees are 8% +VAT

Ensuite Bathroom

Projected rental growth forecast over the next 5 years: 16.5% (source – JLL)

With great travel links to both Salford Central and Victoria Station, X1 Chapel Street is the perfect development for students at the Manchester universities, lending itself as the perfect base for anyone looking for affordable luxury student accommodation.

Exciting plans for the redevelopment of Salford Crescent have been released and the current masterplan for development – designed by the English Cities Fund – incorporates the University of Salford, Peel Park and the Innovation Forum in Frederick Road and details the transformation of the area over the next 20 years.

The plans in the pipeline for the expansion of Salford Crescent – a £2.5billion major regeneration plan – include the building of it’s own Metrolink station, the pedestrianisation of the A6 and the eventual removal of general traffic on parts of the route between Chapel Street and Broad Street.

Substantial regeneration has already taken place within Salford – including the expansion of MediaCityUK – which has placed Salford firmly on the map whilst ensuring it continues to attract global investment.

Development within Salford is continuing at pace and viewings of this property – which sits within the area of regeneration – are highly encouraged.

*Photos are of a dressed apartment of similar size and layout within X1 Chapel Street.
The above 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.

X1 Sales

+44 (0)161 669 7070

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  • Monday09:30 - 17:00
  • Tuesday09:30 - 17:00
  • Wednesday09:30 - 20:00
  • Thursday09:30 - 20:00
  • Friday09:30 - 20:00
  • Saturday10:00 - 16:00
  • Sunday10:00 - 16:00

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