Map1 bedroom property for sale
Chapel Street, Salford, Manchester, M3
Property
1 bed
Key information
Features and description
- Tenure: Leasehold
Student cluster apartment for investment purchase at X1 Chapel Street. This room for sale is part of one of our 5 bed cluster flats.
X1 Chapel Street are double bed with ensuite bathroom. Apartments share a kitchen and living space which is fully furnished
There is an onsite gym for private residents use. The building also offers an on-site laundry service and secure bike storage. Security work in the building overnight 7 days a week.
Student Investment Opportunity – Ideal for Cash Buyers!
This is a prime investment opportunity in student accommodation, not suitable for owner occupiers or live-in landlords. The property is currently tenanted and managed by a professional company, making it a hassle-free, ready-to-go investment!
Key Financials:
Rental Income: Starting September 2024, the rental income will increase to £182.00 per week, generating a gross annual income of £8,735.98 for an 11-month contract.
Owner Costs:
Service Charge (2024): £3,504.08 (reduced by £250 from 2023)
Ground Rent: £250 per annum with Deed of Variation in place, ensuring no future increases.
Management Fees: X1 Lettings charges 9% plus VAT of the gross rental income, equating to £786.23 (excluding VAT) annually.
Location Highlights:
Chapel Street offers an unbeatable location for students, with excellent transport links to both Salford Central and Victoria stations. Whether studying at Manchester Metropolitan University, The University of Salford, or The University of Manchester, this accommodation serves as the perfect base.
Property Features:
Fully Furnished Rooms: Each room includes a double bed, wardrobe, drawers, desk, chair, and an LCD TV.
En-suite Wet Rooms: Each bedroom comes with its own private en-suite wet room.
Shared Cluster Flats: Flats are shared among 4, 5, or 6 students, with communal living and kitchen areas.
On-Site Amenities:
24-Hour Gym: Available for tenants around the clock.
Communal Courtyard: Perfect for enjoying Manchester’s rare sunny days.
All-Inclusive Bills for your tenant: All utility bills are covered in the service charge, simplifying the investment.
Security & Convenience:
Secure Fob Entry: Ensures safety with security on-site 7 days a week.
24-Hour Bike Storage: Tenants have access to a secure bike store on site at all times.
This property is a fantastic opportunity for investors looking for a high-yield, low-maintenance asset in a thriving student area.
Don’t miss out—schedule your viewing today!
X1 Chapel Street are double bed with ensuite bathroom. Apartments share a kitchen and living space which is fully furnished
There is an onsite gym for private residents use. The building also offers an on-site laundry service and secure bike storage. Security work in the building overnight 7 days a week.
Student Investment Opportunity – Ideal for Cash Buyers!
This is a prime investment opportunity in student accommodation, not suitable for owner occupiers or live-in landlords. The property is currently tenanted and managed by a professional company, making it a hassle-free, ready-to-go investment!
Key Financials:
Rental Income: Starting September 2024, the rental income will increase to £182.00 per week, generating a gross annual income of £8,735.98 for an 11-month contract.
Owner Costs:
Service Charge (2024): £3,504.08 (reduced by £250 from 2023)
Ground Rent: £250 per annum with Deed of Variation in place, ensuring no future increases.
Management Fees: X1 Lettings charges 9% plus VAT of the gross rental income, equating to £786.23 (excluding VAT) annually.
Location Highlights:
Chapel Street offers an unbeatable location for students, with excellent transport links to both Salford Central and Victoria stations. Whether studying at Manchester Metropolitan University, The University of Salford, or The University of Manchester, this accommodation serves as the perfect base.
Property Features:
Fully Furnished Rooms: Each room includes a double bed, wardrobe, drawers, desk, chair, and an LCD TV.
En-suite Wet Rooms: Each bedroom comes with its own private en-suite wet room.
Shared Cluster Flats: Flats are shared among 4, 5, or 6 students, with communal living and kitchen areas.
On-Site Amenities:
24-Hour Gym: Available for tenants around the clock.
Communal Courtyard: Perfect for enjoying Manchester’s rare sunny days.
All-Inclusive Bills for your tenant: All utility bills are covered in the service charge, simplifying the investment.
Security & Convenience:
Secure Fob Entry: Ensures safety with security on-site 7 days a week.
24-Hour Bike Storage: Tenants have access to a secure bike store on site at all times.
This property is a fantastic opportunity for investors looking for a high-yield, low-maintenance asset in a thriving student area.
Don’t miss out—schedule your viewing today!
About this agent
X1 Sales and Lettings - Greater Manchester
Unit 1, 9 Michigan Avenue
Salford, Greater Manchester
M50 2HA
0161 506 3018Welcome to X1 Sales and Lettings! We are a nationwide agency representing over 4000 landlords across the UK and are proud of both the properties in our care and the strong reputation that we have built over the last 10 years. The X1 team is passionate about providing a level of aftercare that is unparalleled within the market and places high importance on both landlord and tenant relations. Tenants renting with X1 will receive a resident exclusive loyalty card which gives access to discounts and offers at a range of local businesses across the City. Landlords benefit from one dedicated point of contact who communicates with property managers, and tenancy care managers to ensure that costs are kept to a minimum and rental income is maximised. For more information on our services - or to get started on your home moving journey - get in touch with a member of the team today. We are looking forward to working with you!
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