Studio for sale

X1 Chapel Street, 272-280 Chapel Street, Salford M3

X1 Chapel Street, 272-280 Chapel Street, Salford, M3 5Jz

An excellent opportunity to acquire a fully tenanted student investment in one of the UK's largest university cities, offering immediate rental income from completion. This well-presented double room with a private en-suite is situated on the second floor of the popular X1 Chapel Street development and is offered fully furnished to a high specification.

The accommodation comprises a double bed, modern en-suite bathroom, dedicated study area, free Wi-Fi and ample storage. Residents also benefit from excellent communal facilities, including fully fitted kitchens, a gymnasium, laundry facilities, secure bicycle storage, 24-hour CCTV in communal areas and on-site security.

Ideally located within the regenerated Chapel Street district, X1 Chapel Street offers excellent transport links and is conveniently positioned for the University of Salford, Manchester Metropolitan University and The University of Manchester. Ongoing regeneration and investment in the area have enhanced connectivity, providing easy access to Manchester city centre, shopping, leisure and cultural attractions.

Manchester is home to more than 85,000 UK and international students, creating strong and consistent demand for high-quality purpose-built student accommodation, making this an attractive investment opportunity.

This property may fall within a selective licensing area where charges may apply. In line with the Renters' Reform Act, student tenancies are granted as periodic tenancies rather than fixed-term agreements. Any rental figures quoted are based on a 51-week tenancy, reflecting the current tenant's chosen arrangement, but this may be subject to change. Please enquire for further information.

Financial Breakdown

Gross Rent: £9,180.00
Net income: £3,508.56
Gross yield: 32.79%
Net yield: 12.53%
Please contact agent for full financial breakdown.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08564