Cheltenham Place: 1-bed flat for sale in Sales | £119,000

Main features

Investment Summary:
Achieving £975 pcm (£11,700 p/a)
Gross yield of 9.8%
Net yield approx. 7.1% after costs
Fully managed at 9% + VAT – hands-off investment

About this property

Apartment 312 | 3rd Floor Investment Studio | Fully Tenanted

This newly completed, fully tenanted studio apartment offers a ready-made investment with immediate rental income and professional management already in place.

Investment Overview:

Rental Income: £975 pcm (£11,700 per annum)
Lettings Management Fee: 9% + VAT
Service Charge: £2,120.13 per annum
Ground Rent: Peppercorn
Lease: 999 years (from 2024)
EWS1 Approved

Property Details:
Located on the 3rd floor of a modern 15-storey development on Frederick Road, Apartment 312 is finished to a high specification, appealing to the strong local rental market.

The studio is fully furnished and comprises:

Contemporary fitted kitchen with integrated appliances
Stylish, fully tiled ensuite bathroom
High-quality fixtures and finishes throughout

Location Highlights:
Ideally positioned just moments from major university buildings and approximately six minutes from MediaCityUK, the development benefits from consistent tenant demand. It is also adjacent to X1 The Campus, a well-established and fully occupied scheme of over 300 studios.

Resident Facilities:

Fully equipped gymnasium
On-site laundry facilities
Secure bicycle storage
Excellent transport links, including Salford Crescent Station within a five-minute walk

This is a low-maintenance, income-generating investment ideal for landlords seeking a hands-off addition to their portfolio.

For further information or to discuss this opportunity, please contact the X1 Sales & Lettings team.

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