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Property features

  • Tenure: Leasehold

Nearest stations

Salford Central (0.4mi.)
Salford Crescent (0.6mi.)
Deansgate Castlefield (0.8mi.)
City Zone
Altrincham Line
Eccles Line
South Manchester Line

Nearest schools

school icon  St Philip's CofE Primary School (0.1mi.)
school icon  The Cathedral School of St Peter and St John RC Primary (0.3mi.)
Requires Improvement
school icon  The Friars Primary School (0.5mi.)

Property description

Manchester has the UK and Europes largest education and university campus' and is home to over 85,000 domestic and international students. The student population alone makes up to 14% of the total population of Manchester. Boasting 100% occupancy for 2018/2019 X1 makes for a great investment for any investor looking for high returns and taking advantage of this investment type.

3 x Student Studio apartments with shared kitchens in X1 Chapel Street, Manchester available to purchase separately at £58,000 each. This area has fantastic links to the University of Salford, Manchester Metropolitan University and The University of Manchester. The studios all comes fully furnished to a very high standard, and also have great views across the City. They all share a kitchen with 3 other rooms. There is an onsite site, laundry, secure bike storage and 24 hour security. The development was completed around 2013 and has enjoyed a full occupancy level since then.

Investment Highlights
Student tenants only (no professionals allowed to live in the building)
Double en-suite rooms - 12.1 sq m
Service charges - £1924 per annum
Lettings fees - 8% + VAT
Lease - 999 years from 2014
Ground rent - £350 per annum
Let at £135 pw x 48 weeks for academic year 2019 - 2020
Net yield - 6.3%.
Ground Floor
24Hr Access to on-site Gym
Safe & Secure Fob Access
Salford Central(0.3 mi)
Salford Crescent (0.6 mi)
G-Mex (0.7 mi)

A student en-suite pod

X1 Chapel Street is in high demand with students as it features great facilities

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

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Nearby services within a 4 mile radius

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Nearby services within a 4 mile radius

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Property reference RS0115. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Residential Estates - Chester. Please contact the property advertiser 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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