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Chapel Street, Salford, M3

Property description

Student Investment Opportunity at X1 Chapel Street! Onsite gym available for residents and walking distance to major Universities. Enquire today!

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 on the third floor and residents can enjoy access to a communal gardens, patio area and onsite gym.

- Situated in a 4 bedroom cluster flat
-Applications being received for September 2021 tenancies
-Student Double En-Suite Room
-First Floor Apartment
-Current rent we are looking to achieve £138 per week
-Ground Rent is £250 per annum
-Lease length is 999 years
-Service Charge is £2142.58 PA
-Lettings Fees are 8% +VAT
- Council Tax Exemption on Building as is student accomodation

Ensuite Bathroom

1.5m x 2.5m

Wet room. walk in shower, toliet and wash basin

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.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Chapel Street, Salford, M3

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Salford Central Station0.3 miles
  • Salford Crescent Station0.6 miles
  • G-Mex Tram Stop0.7 miles
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About the agent

X1 Sales and Lettings, Salford

9 Michigan Avenue, Salford, M50 2HA

Whether you're looking to purchase your first buy-to-let property, build on your existing portfolio, buying for capital appreciation, or simply find your next home, we have properties for sale to suit a wide range of needs. We are proud of the properties that we bring to market and our teams' in-depth knowledge of the local areas helps us to share a breadth of information to help you whatever your investment strategy may be.

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Disclaimer - Property reference SDS210015. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by X1 Sales and Lettings, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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