Chapel Street, Salford, Salford, M3
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- BATHROOMS
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Description
Net Yield: 5.25%
X1 Sales is proud to offer a ready made investment opportunity for the right buyer.
This Student cluster flat , one bedroom (with an ensuite) is for sale within a 5 bedroom cluster. The kitchen and living areas are shared between all 5 tenants within the cluster
The room has a double bed with an ensuite bathroom. Apartments share a kitchen and living space which is fully furnished. There is an onsite gym for private residents to 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, not suitable for owner occupiers / live in landlords. Cash purchase only. Property is tenanted and has a management company in place so it would be a perfect ready to go investment. The new buyer can expect to receive rental income immediately after completion.
Ground rent £500.00 per year
The service charge for the calendar year 2025 is £3,700 - All utility bills are included in the service charge.
Rent achieved - £637.00 per month
X1 Lettings management fee 9% + VAT
Lease length - 999 years from 01.09.2014
council tax - N/A (purpose built student accommodation)
EPC Rated- B
Our student accommodation here at Chapel Street couldn’t be more perfectly positioned, with great travel links to both Salford Central and Victoria station. It’s the perfect base for tenants studying at Manchester Metropolitan University, The University of Salford or The University of Manchester.
All of our rooms come fully furnished and consist of a double bed, wardrobe, drawers, desk and chair along with LCD TV in every room. Each cluster flat is shared between5 people; with each bedroom coming with a separate end-suite wet room. Only the living and kitchen areas are communal within each cluster.
You’ll also find an on-site gym available for all tenants to use 24 hours a day, along with an on-site laundry room which has recently been upgraded. There is a communal courtyard, so when Manchester does receive some sun there’s some outdoor space for your tenants to enjoy.
Chapel Street benefits from a secure fob system with security on site 7 days a week. We also have a bike storeroom on site which tenants have access to 24 hours a day.
- 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.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Chapel Street, Salford, Salford, M3
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Visit our security centre to find out moreDisclaimer - Property reference SAL230101. 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 & 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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