Studio flat · M3 5JZ
Listing removedReduced £2k (−7.1%) on 23 JulListed 110 days
Opportunity summary
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About
X1 Chapel Street, 272-280 Chapel Street, Salford, M3 5Jz An excellent opportunity to acquire a fully tenanted student investment in one of the UK's largest university cities, offering immediate rental income from completion.
This well-presented double room with a private en-suite is situated on the second floor of the popular X1 Chapel Street development and is offered fully furnished to a high specification.
The accommodation comprises a double bed, modern en-suite bathroom, dedicated study area, free Wi-Fi and ample storage.
Residents also benefit from excellent communal facilities, including fully fitted kitchens, a gymnasium, laundry facilities, secure bicycle storage, 24-hour CCTV in communal areas and on-site security.
Ideally located within the regenerated Chapel Street district, X1 Chapel Street offers excellent transport links and is conveniently positioned for the University of Salford, Manchester Metropolitan University and The University of Manchester.
Ongoing regeneration and investment in the area have enhanced connectivity, providing easy access to Manchester city centre, shopping, leisure and cultural attractions.
Manchester is home to more than 85,000 UK and international students, creating strong and consistent demand for high-quality purpose-built student accommodation, making this an attractive investment opportunity.
This property may fall within a selective licensing area where charges may apply.
In line with the Renters' Reform Act, student tenancies are granted as periodic tenancies rather than fixed-term agreements.
Any rental figures quoted are based on a 51-week tenancy, reflecting the current tenant's chosen arrangement, but this may be subject to change. Please enquire for further information.
Financial Breakdown Gross Rent: £9,180.00 Net income: £3,508.56 Gross yield: 32.79% Net yield: 12.53% Please contact agent for full financial breakdown.
Important note to purchasers: These 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.
Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08564
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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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
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 X1 Chapel Street, Apartment 6A, 272-280 Chapel Street, Salford
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