1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold
- Studio Apartment
- Tenant in Situ
- Management Compnay in Place
- BTL Investment
- Next to the university
This fully furnished studio apartment is an excellent investment opportunity, ideal for students and young professionals. Situated in the vibrant area of Salford, it is within walking distance to Salford University and offers convenient transport links to the city center.
Key Features:
Immediate Rental Income: This property is currently tenanted, allowing the buyer to receive immediate rental income.
EWS1 Certificate: The building has a valid EWS1 form, ensuring compliance with safety standards and providing peace of mind for investors.
Onsite Amenities: Residents benefit from a complimentary onsite gym, spacious communal areas, bike storage, and 24/7 security with CCTV and emergency maintenance support.
Financial Overview:
Annual Service Charge: £2,217.32 for 2024
Rent Achieved: £177 per week
Lettings Management Fee: 9% + VAT
Ground Rent: £454.70 per year (review date 01/2029, with a 5-year RPI clause)
Council Tax Band: A (students are exempt; working professionals are responsible for their own council tax)
Lease Term: 999 years from 2018
Whether you're a seasoned investor or looking for your first property, this studio apartment offers an attractive yield with a secure, long-term tenant already in place. With modern facilities and strong demand in the area, this is an opportunity not to be missed!
Contact us today for more information or to arrange a viewing, either in person or virtually.
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*DISCLAIMER
Property reference SAL240228. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales and Lettings - Greater Manchester.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on November 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on November 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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