33 Frederick Road, Salford, M6 6QS

X1 Cheltenham Place – Turnkey Investment Opportunity | 10.6% Gross Yield Asking Price: £102,000 An attractive turnkey investment opportunity at X1 Cheltenham Place, Salford , offering a gross rental yield of approximately 10.6% , with a tenant already in situ providing immediate rental income from completion.

The studio apartment is currently achieving £900 pcm (£10,800 per annum) , making this an appealing opportunity for investors seeking a strong rental return without the need to source a new tenant.

Investment Summary Asking Price: £102,000 Current Rent: £900 pcm / £10,800 per annum Gross Rental Yield: Approx. 10.6% Indicative Net Income: Approx. £7,643 p.a. Indicative Net Yield: Approx.

7.5% Tenant: In situ Lease: Long lease Ground Rent: £0 Service Charge: £2,120.13 per annum Lettings Management: 8% + VAT Indicative net income and yield are calculated after the current service charge and lettings management fee only, and before mortgage interest, taxation, maintenance, insurance, void periods and any other landlord costs.

Investment Opportunity X1 Cheltenham Place is well established within the rental market and offers a range of on-site facilities, including a fully equipped gym, secure bike storage and repair facilities, 24/7 laundry facilities, reception staff and overnight security.

Residents also benefit from free high-speed Wi-Fi and the X1 Loyalty ECard, offering discounts at selected local shops, restaurants and other businesses.

The property is currently tenanted at £900 pcm , providing the incoming investor with an immediate rental income stream without the initial cost and uncertainty of finding a new tenant.

Excellent Salford Location X1 Cheltenham Place is ideally positioned within Salford, with excellent access to MediaCityUK , Salford Quays and Manchester city centre.

The development is close to major employment and leisure destinations including the BBC, ITV, The Lowry, Salford Quays and a wide selection of bars, restaurants and entertainment venues.

The location also provides convenient access to local universities and transport links, supporting demand from both students and young professionals.

With no ground rent, a long lease, an existing tenant and a gross yield of approximately 10.6% , this represents an attractive opportunity for investors seeking an income-producing property in a well-connected Salford location.

For further information or to arrange a viewing, please contact us today. Please note: Photographs and layout may vary from the advertised unit.

X1 Lettings is a member of The Property Ombudsman Redress Scheme and relevant Client Money Protection Schemes. Please note: Photographs and layout may vary from the advertised unit.

X1 Lettings is a member of The Property Ombudsman Redress Scheme and relevant Client Money Protection Schemes.