Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

Property details

  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Available from 14th Aug 2019

Listing view statistics

Last 30 days: 529 page views

Since listed: 2711 page views

Description

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.

Map & Nearby

Local Amenities

  • Salford Central 0.3 miles
  • Salford Crescent 0.6 miles
  • St Philip's CofE Primary School 0.1 miles
  • The Cathedral School of St Peter and St John RC Primary 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Salford Central 0.3 miles
  • Salford Crescent 0.6 miles
  • St Philip's CofE Primary School 0.1 miles
  • The Cathedral School of St Peter and St John RC Primary 0.3 miles

Market stats

Sale activity

Average estimated value for a flat in M3:

  • £210,108
  • Price decrease

  • -£210
  • (-0.100%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £215,058
  • Properties sold

    132

Rental opportunities

£754 pcm

Recent sales nearby

See all recent sales in M3
Switch to next tab

Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
14th Aug 2019 £58,000 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Residential Estates. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Residential Estates for full details and further information.