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From

£95,000

Studio for sale Bexley Square, Salford M3

1 bath
1 reception
  1. Property photo 1 of 8. Image: 0

Points of interest

Property location

Nearby amenities

  • The Cathedral School of St Peter and St John RC Primary0.2 miles
  • St Philip's CofE Primary School0.2 miles
  • Salford Central0.2 miles
  • Salford Crescent0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Formerly a Magistrates Court and Town Hall, this beautiful Grade II listed building underwent an extensive refurbishment to transform it into 122 luxury residential apartments, re-branded as X1 Town Hall.

These apartments are accessible via a secure keyless entry system and comprises a bright and airy open-plan living space including a fully-fitted kitchen and a stylish modern bathroom. We have both studios and one bedroom apartments available; some of which come with parking spaces. All are tenanted for immediate returns.

X1 Town Hall also includes communal facilities for tenants, such as private on-site gym, lift access to all levels, a management office, CCTV fitted in all communal areas and super-fast Wi-Fi throughout. This development is situated close to Manchester and Salford city centres, as well as MediaCityUK.

Property prices in Salford are up by over 49% in the last ten years alone (Zoopla, October 2021), and industry experts anticipate that Greater Manchester will need at least 200,000 new homes by 2040 to meet anticipated economic and population growth – making now a fantastic time to invest!

X1 Town Hall is block management by X1 Lettings who are experts in lettings within the North West in particular and have market leading tenancy rates across all of their sites.

This is an excellent opportunity for either first time buy-to-let investors or experienced portfolio landlords.

Interested? Take a look at the financial projections below based on a ground floor studio. We have a number of investment opportunities available in this development, so please contact us today to request a full breakdown.

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

Financial Breakdown

Gross rent: £9,180
Ground rent: £250
Service charge: £1,159
Lettings fees: £1,023
Net income: £6,748
Gross yield: 9.66%
Net yield: 7.1%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-16982

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Property descriptions and related information displayed on this page are marketing materials provided by - Yieldit. 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 Yieldit for full details and further information.