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1 Bedroom House Share For Sale 

X1 Chapel Street, Apartment 6E, 272 Chapel Street,Salford, M3 5JZ

£55,000

Location Insights

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View the local market property insights for yield, growth and demand in the local area.

Sold House Price Growth

 
DateAverage price+/-
Jan 2017£177,511-
Jan 2018£210,812+18.76%
Jan 2019£211,127+0.15%
Jan 2020£218,855+3.66%
Jan 2021£237,955+8.73%
Jan 2022£203,458--14.50%
 

Show growth for:

 

Property data for postcode M3 5JZ. Last updated January 11th, 2022 at 2:07 AM

Buyer Demand

0
Average completed sales per month
0%
Turnover per month

Property data for postcode M3 5JZ. Last updated January 1st, 2022 at 2:08 AM

 

Average Asking Price

£215,628

Property data for postcode district M3. Last updated January 23rd, 2022 at 12:54 PM

Average Price Per Square Foot

£356

Property data for postcode district M3. Last updated January 23rd, 2022 at 12:54 PM

Average Rent Per Week

£240

Property data for postcode district M3. Last updated January 23rd, 2022 at 12:54 PM

 

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Properties sold nearby

Find out how much other properties have sold for in the M3 5JZ postcode, on 272 Chapel Street, Salford, or in Greater Manchester

Properties sold in M3 5JZ

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Property features

  • Date added: 23rd April 2021
 
  • Student Investment Property
  • Immediate Income
  • Tenanted Apartment
  • Highly Desirable Student Development
  • Located in Salford
  • 10 minute commute to University
  • Property Management Company in Place
  • Onsite Gym for Residents
  • 1 bedroom

X1 Lettings are delighted to bring this fully furnished student investment property to the market with a long standing property management company in place to maximise rental income.

This student property is located on the first floor and residents can enjoy access to a communal gardens, patio area and onsite gym.

Apartment 6E is fully furnished with a tenant in situ until August 2021 ensuring the new purchaser can enjoy a rental income immediately.

-Tenanted Until August 2021

-Applications being received for September 2021 tenancies

-Student Double En-Suite Room

-First Floor Apartment

-Current rent achieved £138 per week with a view to increase in September 2021

-Ground Rent is £250 per annum

-Service Charge is £2142.58 PA

-Lettings Fees are 8% +VAT

Ensuite Bathroom

1.5m x 2.5m

Wet room. walk in shower, toliet and wash basin

Projected rental growth forecast over the next 5 years: 16.5% (source - JLL)

With great travel links to both Salford Central and Victoria Station, X1 Chapel Street is the perfect development for students at the Manchester universities, lending itself as the perfect base for anyone looking for affordable luxury student accommodation.

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.

The plans in the pipeline for the expansion of Salford Crescent - a £2.5billion major regeneration plan - include the building of it¢--s own Metrolink station, the pedestrianisation of the A6 and the eventual removal of general traffic on parts of the route between Chapel Street and Broad Street.

Substantial regeneration has already taken place within Salford - including the expansion of MediaCityUK - which has placed Salford firmly on the map whilst ensuring it continues to attract global investment.

Development within Salford is continuing at pace and viewings of this property - which sits within the area of regeneration - are highly encouraged.

*Photos are of a dressed apartment of similar size and layout within X1 Chapel Street.

The above 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

 
x1 Lettings - Salford
 

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