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Studio 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 en-suite room within a 6-bedroom cluster flat. The property is located in X1 Chapel Street, a development with great travel links to Salford Central and Victoria Station, making it perfect for students at Manchester universities. The room is currently let to a tenant until at least August 2022 at £148 per week, generating £7,696 per annum. The property comes with a long-standing property management company in place to maximize rental income, and with projected rental growth forecast at 16.5% over the next 5 years. The area is undergoing significant regeneration, with plans for a £2.5 billion transformation of Salford Crescent, including the building of a Metrolink station and pedestrianization of the A6. This property offers a great investment opportunity for those looking to capitalize on the growing demand for student accommodation in Manchester.