1 bedroom property for sale
Key information
Property description & features
- Tenure: Leasehold
- BTL Student Investment
- Tenant and management company in situ
- Well priced for a cash buyer
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
X1 Sales Present: Investment Opportunity – Fully Tenanted Student Pod with En-Suite
Looking for a hassle-free investment in the heart of Manchester? X1 Sales is pleased to offer this student cluster pod, featuring a spacious en-suite double bedroom. The property is tenanted until August 2025, making it a turnkey investment opportunity.
Key Details:
Rent: £676.00 per month (typically rented on a 48-week basis / 11 months per year)
Lettings Management Fees: 9% + VAT
Annual Service Charge & Ground Rent: Pending confirmation from the vendor
Lease Length: 999 years from 01.09.2014
Council Tax: N/A (Purpose-built student accommodation)
Cash Purchase Only (Not suitable for owner occupiers or live-in landlords)
This investment is ideal for those seeking a fully managed property with a tenant already in place. The on-site management company ensures smooth operations, so you can enjoy peace of mind with minimal involvement.
Prime Location: Chapel Street is perfectly positioned for students attending Manchester Metropolitan University, The University of Salford, or The University of Manchester, with excellent transport links to Salford Central and Victoria Station just moments away.
Property Features:
Fully furnished en-suite bedroom with a double bed, wardrobe, desk, drawers, and LCD TV
Each flat is shared between 4-6 tenants, with communal living and kitchen areas
Access to a 24-hour on-site gym and upgraded laundry facilities with app connectivity for added convenience
Communal courtyard for outdoor relaxation during sunny Manchester days
Secure fob entry system with on-site security 7 days a week
Bike storage room accessible 24/7
All utility bills (excluding TV license) are included in the service charge, ensuring predictable costs for tenants and hassle-free management for investors.
This is a rare chance to own a fully tenanted, high-yielding student property in one of Manchester’s most desirable student areas. For more details or to arrange a viewing, get in touch with X1 Sales today.
Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 9, 2022
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Energy Performance data and Internal floor area
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