1 bedroom property for sale

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1 bedroom property for sale

Chapel Street, Salford, Salford, M3
£40,000

Our Summary

  • X1 Sales is proud to offer a ready made investment opportunity for the right buyer
  • Student investment opportunity, not suitable for owner occupiers / live in landlords

Description

This student cluster flat is a ready-made investment opportunity, tenanted until August 2024 and generating £147 per week. The property is a one-bedroom apartment with an ensuite bathroom, shared kitchen and living area with the other four tenants in the cluster. The flat is fully furnished and has a double bed, wardrobe, drawers, desk, and chair. The building offers an on-site gym, laundry service, and secure bike storage, with security on site 7 days a week. The property is not suitable for owner occupiers or live-in landlords, and a cash purchase is required. The buyer can expect to receive rental income immediately after completion, with ground rent of £250 per year and a service charge of £3,895.87 for 2023, which includes all utility bills. The property is located near Manchester Metropolitan University, The University of Salford, and The University of Manchester, making it an ideal investment opportunity for a student landlord.
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