1-bedroom flat · M6 6LE
Sold STCListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
X1 The Campus is a purpose-built student accommodation development located close to the University of Salford, making it a convenient option for students and an attractive investment opportunity.
Apartment C201 is currently tenanted, allowing an incoming purchaser to benefit from rental income from completion.
The studio is offered fully furnished and includes a double bed with mattress, bedside table, wardrobe, desk, TV, sofa, fridge/freezer, kettle, microwave and toaster.
Residents have access to a range of communal facilities within the development, including an onsite gym, laundry facilities, residents’ lounge, postal room and lift access.
The property is well positioned for the University of Salford and benefits from good transport connections into Manchester city centre. Cash buyers only.
Please note that Airbnb and other short-term lettings are not permitted under the terms of the head lease.
Key Figures Asking Price: £60,000 Current Rent: £975 per month Annual Rental Income: £11,700 Gross Rental Yield: 19.5% Service Charge: £993.32 charged for Q3 2026 Lettings Management Fee: 9% + VAT Council Tax: Band A: Students may qualify for exemption; other occupiers are responsible for any council tax applicable to their occupation Lease: 999 years from 2018 Ground Rent: £482.96 per annum Ground Rent Review: January 2029 Ground Rent Review Basis: Every 5 years in line with rpi Service Charge Billing Period: 1 January - 31 December EPC Rating: B
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
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.
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.
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.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
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.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Apt 201, The Campus Block C, Salford
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