Studio apartment

Chapel Street, Salford, Manchester, M3 6FA

Size: 12.9 sqm

Purchase price

£61,000

Size: 12.9 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,960
Ground rent £250
Service charge £1,864
Lettings fees £696
Net income £4,150
Gross yield 11.41%
Net yield 6.80%

CASH INVESTMENT - Fantastic student accommodation at X1 Chapel Street. Professionally managed and fully let by X1 Lettings. Walking distance to Salford University and the city centre.


Complete with an on-site gym for private resident use, the four storey complex at Chapel Street comprises of 109 double en-suite rooms, free Wi-Fi and excellent communal facilities.

The award-winning X1 Lettings currently let and manage development, removing the complications which come with managing a property yourself.

Close to Universities and great transport links. Manchester City Centre just a short distance away. This apartment is currently tenanted for immediate income.

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage - cash buyers only need apply!

Interested in this property? Enquire today for more information

Key features

Key features

Currently tenanted for immediate income

Key features

City centre location in a student hotspot

Key features

Close to university

Key features

Gymnasium

Key features

Laundry room

Key features

SKY TV

Key features

WiFi

Key features

Let and managed by the award-winning X1 Lettings

CASH INVESTMENT - Fantastic student accommodation at X1 Chapel Street. Professionally managed and fully let by X1 Lettings. Walking distance to Salford University and the city centre. More info...

Complete with an on-site gym for private resident use, the four storey complex at Chapel Street comprises of 109 double en-suite rooms, free Wi-Fi and excellent communal facilities.

The award-winning X1 Lettings currently let and manage development, removing the complications which come with managing a property yourself.

Close to Universities and great transport links. Manchester City Centre just a short distance away. This apartment is currently tenanted for immediate income.

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage - cash buyers only need apply!

  • Key features
    Tick Desktop Currently tenanted for immediate income
    Tick Desktop City centre location in a student hotspot
    Tick Desktop Close to university
    Tick Desktop Gymnasium
    Tick Desktop Laundry room
    Tick Desktop SKY TV
    Tick Desktop WiFi
    Tick Desktop Let and managed by the award-winning X1 Lettings
  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,960
Ground rent £250
Service charge £1,864
Lettings fees £696
Net income £4,150
Gross yield 11.41%
Net yield 6.80%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.