33 Frederick Road, Salford, M6
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Description
Asking Price: £102,000
An attractive turnkey investment opportunity at X1 Cheltenham Place, Salford, offering a gross rental yield of approximately 10.6%, with a tenant already in situ providing immediate rental income from completion.
The studio apartment is currently achieving £900 pcm (£10,800 per annum), making this an appealing opportunity for investors seeking a strong rental return without the need to source a new tenant.
Investment SummaryAsking Price: £102,000
Current Rent: £900 pcm / £10,800 per annum
Gross Rental Yield: Approx. 10.6%
Indicative Net Income: Approx. £7,643 p.a.
Indicative Net Yield: Approx. 7.5%
Tenant: In situ
Lease: Long lease
Ground Rent: £0
Service Charge: £2,120.13 per annum
Lettings Management: 8% + VAT
Indicative net income and yield are calculated after the current service charge and lettings management fee only, and before mortgage interest, taxation, maintenance, insurance, void periods and any other landlord costs.
Investment OpportunityX1 Cheltenham Place is well established within the rental market and offers a range of on-site facilities, including a fully equipped gym, secure bike storage and repair facilities, 24/7 laundry facilities, reception staff and overnight security.
Residents also benefit from free high-speed Wi-Fi and the X1 Loyalty ECard, offering discounts at selected local shops, restaurants and other businesses.
The property is currently tenanted at £900 pcm, providing the incoming investor with an immediate rental income stream without the initial cost and uncertainty of finding a new tenant.
Excellent Salford LocationX1 Cheltenham Place is ideally positioned within Salford, with excellent access to MediaCityUK, Salford Quays and Manchester city centre.
The development is close to major employment and leisure destinations including the BBC, ITV, The Lowry, Salford Quays and a wide selection of bars, restaurants and entertainment venues. The location also provides convenient access to local universities and transport links, supporting demand from both students and young professionals.
With no ground rent, a long lease, an existing tenant and a gross yield of approximately 10.6%, this represents an attractive opportunity for investors seeking an income-producing property in a well-connected Salford location.
For further information or to arrange a viewing, please contact us today.
Please note: Photographs and layout may vary from the advertised unit.
X1 Lettings is a member of The Property Ombudsman Redress Scheme and relevant Client Money Protection Schemes.
Please note: Photographs and layout may vary from the advertised unit.
X1 Lettings is a member of The Property Ombudsman Redress Scheme and relevant Client Money Protection Schemes.
EPC Rating: E
- 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: A
- 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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Visit our security centre to find out moreDisclaimer - Property reference 7bcf67a6-0f30-4f2c-8ccc-265f632cba46. 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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