How much is 321 Cheltenham Place, 33 Frederick Road, Salford?

The asking rent is £925 a month.

No floorplan from the agent

321 Cheltenham Place, 33 Frederick Road, Salford

1-bedroom flat

1 bath

Asking rent

£925/mo

To rentListed 2 days

Investor metrics

HMO Article 4 Direction Area2018 HMO Article 4 Direction, 2018 HMO Article 4 Direction · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

Start free Log in

About

The property

Tenure: Leasehold Nestled in the heart of Salford, X1 CheltenhamPlace offers luxury studio apartments ideal for university students and working professionals alike.

Enjoy on-site amenities designed to enhance your lifestyle, including a fully equipped gym, bike storage and repair facilities, and 24/7 access to laundry.

For added security and peace of mind, our dedicated team includes a reception staff and overnight security.

Residents also benefit from the X1 Loyalty ECard, offering exclusive discounts at local shops and eateries, along with free high-speed Wi-Fi for both work and leisure.

Located in Salford’s vibrant cultural and entertainment district, X1 Cheltenham Place offers easy access to MediaCityUK, home to the BBC, itv, and a range of dining and shopping options.

Enjoy nearby attractions like The Lowry, Salford Museum & Art Gallery, and iwm North.

Tenancy details Holding deposit equivalent to 1 weeks rent, £207.69 refundable upon successfully completing referencing.

One months deposit entered into government protected scheme (dps) £1,038.45 otherwise. Reposit available £207.69 For more information or to book in a viewing call us today.

Photos/layout may differ from advertisement. X1 Lettings are a member of The Property Ombudsmen Redress Scheme and relevant Client Money Protection Schemes. EPC Rating: E

Key information

Furnished State

Furnished

Deposit Required

£1,067

Available From

30 Oct 2026

Tenure

Leasehold

Local Authority

Salford District (B)

Metropolitan District

Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

Loading rental comparables…

Local SA Market

We're still gathering serviced-accommodation data for this area.

Model

Run the numbers.

Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Article 4HMO Article 4 applies

HMO Conversion Potential

Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.