NEW HOME

Frederick Road, Salford, Greater Manchester, M6

Guide Price
£79,999
Reduced on 15/10/2020
Pure Investor, Denton
PROPERTY TYPE
Studio
BATHROOMS
x1

Key features

  • Projected 7% net returns
  • Asking price £79,999
  • Hugely experienced management company in place
  • Fully tenanted for new academic year 2020-21
  • Fully Furnished

Property description

Tenure: Leasehold, 999 years remaining

*CASH PURCHASE ONLY*

Located less than 3 minutes walk to the main campus of the University of Salford, the new X1 The Campus development is a stunning new development of 271 fully furnished units comprising of 260 studios and 11 penthouse studios. Location is key to the appeal of X1 The Campus, and its location next door to the university campus looks set to see high demand from the universities 21,000 full time students.

The Campus is set to be a fresh of breath air for students in Salford, offering a wide array of communal features including a gymnasium, quiet study area, on site cinema, laundry room, management office, cycle storage, rooftop terrace and underground secure car parking.

Unit A106 - Financial Breakdown
Sale Price: £79,999
Total Gross Income - £7,824 per annum
Service Charge - £1,483.61 per annum
Management Fees - £751.10 per annum
Ground rent - £350.00 per annum

Net Yield Achieved - 7%
Net Rental Income - £5,607.29

The Campus - Location
Whilst the development core appeal is its location next door to the main campus, the development will also offer residents easy access to Manchester city centre and the superb new development at MediaCity, Salford (northern headquarters of the BBC and ITV as well as numerous other international media companies). MediaCityUK has recently enjoyed the prestige attached to its reputation as the biggest purpose-built media hub in Europe, and has boosted tourism in the area as a result.

Since January the average value of a home in Salford has increased by 12%, or £14,874, to stand at £138,619, according to the property website Zoopla this is a growth rate faster than even London, where values went up by 8.2% over the same period.

The Campus - Local Amenities
5 minutes from Salford University
74 metres from the Bus Station
0.3 miles from the Rail Link
0.5 miles from the Supermarket

Payment Process
1. Complete a reservation from to secure the unit
2. Pay a £2,000 non-refundable reservation fee
3. Solicitors instructed
4. Balance due on completion (less reservation fee paid)

Frederick Road, Salford, Greater Manchester, M6

Approximate location

NEAREST STATIONSDistances are straight line measurements from the centre of the postcode

  • Salford Crescent Station0.3 miles
  • Langworthy Tram Stop1.0 miles
  • Salford Central Station1.1 miles
Mortgages
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Market information
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About the agent

Pure Investor, Denton

Building 12, Office 16 Tameside Business Park Windmill Lane Denton M34 3QS

Pure Investor, Denton

Specialists in property investment since 2005, Pure Investor was formed as a merger between two of the UK's leading property investment companies, Pure Property Overseas Limited and The Overseas Investor. Two rapidly expanding companies with exceptional reputations within the property investment sector.

Although we are based in the UK, our global network of agents enables us to offer a truely global perspective on property investment and our portfolio consists of thousands of properties

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Disclaimer - Property reference HH2UKMANX1TCa106. 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 Pure Investor, Denton. 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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