Map1 bedroom flat for sale
Chapel Street, Salford, Salford, Salford, M3
Added today
Flat
1 bed
Key information
Tenure: Leasehold
Ground rent: £250 per annum | review period: unconfirmed
Service charge: £48,000 per annum
Council tax: Ask agent
Mobile signal:
EEO2ThreeVodafone
Features and description
- Ready made investment
- Secured tenant long term
X1 Chapel Street – Investment Studio/Cluster Bedroom (Unit 402)
Student Accommodation Investment | Fully Managed | Tenant in Situ
X1 Chapel Street – Investment Studio/Cluster Bedroom (Unit 402)
Student Accommodation Investment | Fully Managed | Tenant in Situ
Unit 402 – Double En-Suite Bedroom in a 6-Bed Cluster Flat
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 to a tenant on a fixed-term tenancy until 03/08/2026.
Current rental income:
£2,400 payable x3 per year in line with student loans dates - =£7,200 gross rent income for the year
Lettings fee: 9% + VAT
Gross Yield = 22.5%
Net Yield = 4.29% (after costs)
Annual Costs
1. Lettings fee (9% + VAT)
9% of £7,200 = £648
VAT at 20% on £648 = £129.60
Total lettings fee = £777.60
2. Service charge
£4,800 per annum
3. Ground rent
£250 per annum
Property Features (Bedroom & Cluster)
Double bed
En-suite bathroom (shower, WC, basin)
Private study area with desk and chair
Fully furnished and ready to let
Shared kitchen within the cluster
Shared laundry facilities (washer/dryer)
On-site gym
CCTV & secure access
Restrictions
Not suitable for Airbnb or short-term lets
No pets (lease restriction)
Location Benefits
Prime location with excellent transport links across Liverpool
Close to all major universities
Ideal for student tenants seeking modern, premium accommodation
Summary
A turnkey, hands-off investment opportunity with a secure tenant in place and full management already established. Perfect for cash buyers seeking strong, stable rental returns.
Student Accommodation Investment | Fully Managed | Tenant in Situ
X1 Chapel Street – Investment Studio/Cluster Bedroom (Unit 402)
Student Accommodation Investment | Fully Managed | Tenant in Situ
Unit 402 – Double En-Suite Bedroom in a 6-Bed Cluster Flat
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 to a tenant on a fixed-term tenancy until 03/08/2026.
Current rental income:
£2,400 payable x3 per year in line with student loans dates - =£7,200 gross rent income for the year
Lettings fee: 9% + VAT
Gross Yield = 22.5%
Net Yield = 4.29% (after costs)
Annual Costs
1. Lettings fee (9% + VAT)
9% of £7,200 = £648
VAT at 20% on £648 = £129.60
Total lettings fee = £777.60
2. Service charge
£4,800 per annum
3. Ground rent
£250 per annum
Property Features (Bedroom & Cluster)
Double bed
En-suite bathroom (shower, WC, basin)
Private study area with desk and chair
Fully furnished and ready to let
Shared kitchen within the cluster
Shared laundry facilities (washer/dryer)
On-site gym
CCTV & secure access
Restrictions
Not suitable for Airbnb or short-term lets
No pets (lease restriction)
Location Benefits
Prime location with excellent transport links across Liverpool
Close to all major universities
Ideal for student tenants seeking modern, premium accommodation
Summary
A turnkey, hands-off investment opportunity with a secure tenant in place and full management already established. Perfect for cash buyers seeking strong, stable rental returns.
About this agent
X1 Sales and Lettings - Greater Manchester
Unit 1, 9 Michigan Avenue
Salford, Greater Manchester
M50 2HA
0161 506 3018Welcome 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!