How much is 124 Cheltenham Place, 33 Frederick Road, Salford?

The asking rent is £850 a month.

No floorplan from the agent

124 Cheltenham Place, 33 Frederick Road, Salford

Studio flat

1 bath

Asking rent

£850/mo

To rentListed 1 day

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.

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About

The property

Tenure: Leasehold Modern, fully furnished studio apartment in the popular X1 Cheltenham Place development. Just minutes from Salford University, with excellent transport links into Manchester.

Residents benefit from an on-site gym and laundrette. Utility bills are included for convenience (*tenants are responsible for council tax if liable).

Tenancy details Holding deposit equivalent to 1 weeks rent, £219.23 refundable upon successfully completing referencing.

Five weeks deposit entered into government protected scheme (dps) £1,069.15 otherwise. Reposit available £219.23 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

Unfurnished

Deposit required

£980

Availability

Available now

Check availability with the agent

Reception rooms

Tenure

Leasehold

Local authority

Salford

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

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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 advisers 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.