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No longer on the market

This property is no longer on the market

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1 bedroom property

Property
1 bed
1 bath
248
Added > 14 days

Key information

TenureLeasehold
Ground rent£350 per annum | review period: 5 yrs
Service charge£2,816.13 per annum
Council taxAsk agent
BroadbandSuper-fast 35Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

Gross Yield: 13.63% (before costs)
Net Yield: ~7.82%

Readymade Investment Opportunity – Studio Apartment with Tenant in Situ
Price: £73,000
Gross Yield: 13.63%
Net Yield: Approx. 7.82%
Monthly Rent: £829.09

X1 Sales is pleased to present this fully furnished studio apartment in the ever-popular X1 The Campus – Block C, ideally situated near the University with excellent transport links to the city centre.

This is a turnkey investment with a long-term tenant already in place and full management services provided, ensuring hassle-free income from day one.

Key Investment Details:
Annual Rental Income: £9,949.08

Service Charge (2025): £2,816.13

Ground Rent: £350.00 per annum (subject to review – next due 31/12/2025, reviewed every 5 years based on RPI)

Management Fees: 9% + VAT (10.8% total)

Lettings in Place: Professionally managed by established lettings team

Property Features:
Size: 24 sq. metres

Fully Furnished Studio Apartment

Modern Development – Popular with Students and Young Professionals

Council Tax Band: A (students exempt; professionals responsible for their own)

Lease: 999 years from 2018

Ideal For:
Buy-to-let investors seeking strong yields

Hands-off landlords (managed property)

Investors looking for low entry price with high rental return

This property is only available to cash buyers due to its size and mortgage restrictions. Enquire today for further details or to arrange a viewing.

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About this agent

X1 Sales and Lettings - Greater Manchester
X1 Sales and Lettings - Greater Manchester
Unit 1, 9 Michigan Avenue Salford, Greater Manchester M50 2HA
0161 506 3018
Full profileProperty listings
Welcome to X1 Sales and Lettings! We are a nationwide agency representing over 4000 landlords across the UK and are proud of both the properties in our care and the strong reputation that we have built over the last 10 years.  The X1 team is passionate about providing a level of aftercare that is unparalleled within the market and places high importance on both landlord and tenant relations.  Tenants renting with X1 will receive a resident exclusive loyalty card which gives access to discounts and offers at a range of local businesses across the City.  Landlords benefit from one dedicated point of contact who communicates with property managers, and tenancy care managers to ensure that costs are kept to a minimum and rental income is maximised.  For more information on our services -  or to get started on your home moving journey -  get in touch with a member of the team today.  We are looking forward to working with you! 
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