Chapel Street, Salford, Salford, Salford, M3
- PROPERTY TYPE
Flat
- BEDROOMS
1
- SIZE
Ask agent
Key features
- Ready made investment
- Secured tenant long term
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
Description
X1 Chapel Street – Investment Studio / Cluster Bedroom (Unit 402)
Student Accommodation Investment | Fully Managed | Tenant in Situ
Unit 402 – Double En-Suite Bedroom within a 6-Bed Cluster Apartment
4th Floor | Fully Furnished | Secure Tenant
Investment Details
This listing is for one en-suite bedroom within a six-bedroom cluster apartment, situated in the highly sought-after X1 Chapel Street development. The property is currently let on a fixed-term tenancy until 03/08/2026, providing a secure, hands-off investment from day one.
Current rental income:
£2,400 paid three times per year in line with student loan dates
= £7,200 gross annual income
Lettings fee: 9% + VAT
Gross yield: 22.5%
Net yield: 4.29% (after costs)
Annual Costs
Lettings fee (9% + VAT): £777.60
Service charge: £4,800 per annum
Ground rent: £250 per annum
Property Features (Bedroom & Development)
Double bedroom
En-suite bathroom (shower, WC, basin)
Private study area with desk and chair
Fully furnished and ready to let
Shared kitchen within the cluster
On-site laundry facilities
On-site gym
CCTV & secure access
Restrictions
Not suitable for Airbnb or short-term lets
No pets permitted (as per lease)
Location Benefits
Prime location with excellent transport links across Liverpool
Close to all major universities
Highly attractive to student tenants seeking modern accommodation
Additional Information
Please note that the marketing images shown are of a similar unit within the development, as the property is currently tenanted. Actual images can be provided upon request, and viewings can be arranged once the auction listing is live.
Summary
A turnkey, fully managed investment opportunity with a secure tenant in place. Ideal for cash buyers seeking a low-maintenance asset with consistent rental income.
This property is for sale by Traditional Auction. Exchange takes place immediately with completion within 28 days. The buyer
pays a 10% (of the purchase price) Non-Refundable Deposit on exchange. Interested parties’ personal data will be shared
with the Auctioneer (iamsold Ltd).
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the
most recent information on the Buyer Information Pack fee, please contact the iamsold team.
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 £960 inc. VAT. These services are optional.
- 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.
- Ask agent
- 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.
- Ask agent
Energy performance certificate - ask agent
Chapel Street, Salford, Salford, Salford, M3
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Visit our security centre to find out moreDisclaimer - Property reference SAL260006. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call X1 Sales & Lettings, Salford on 0151 453 8069.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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