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6 bedroom flat for sale
Chapel Street, Salford, M3
£55,000
Chapel Street, Salford, M3
£55,000
Our Summary
- 00 per week per unitSTUDENT INVESTMENT OPPORTUNITY AVAILABLE
- Exciting plans for the redevelopment of Salford Crescent have been released and the current masterplan for development - designed by the English Cities Fund - incorporates the University of Salford, Peel Park and the Innovation Forum in Frederick Road and details the transformation of the area over the next 20 years
Description
This is a student investment opportunity in Manchester City Centre, featuring a fully furnished double bedroom with en-suite bathroom within a 6-bedroom cluster flat. The property is currently let to a tenant until at least August 2022, with a rent of £148 per week, generating £7,696 per annum. The property benefits from a communal garden, patio area, and onsite gym, as well as great travel links to Salford Central and Victoria Station. The area is undergoing significant regeneration, with plans for a £2.5 billion redevelopment of Salford Crescent, including the building of a new Metrolink station and pedestrianization of the A6. With a projected rental growth forecast of 16.5% over the next 5 years, this property offers a strong investment opportunity for those looking to capitalize on the growing demand for student accommodation in Manchester.