Studio Flat For Sale £62,000
Chapel Street, Manchester M3

Hopwood House are pleased to offer for sale this Student Studio apartment in X1 Chapel Street. Chapel Street area of Manchester has fantastic links to the University of Salford, Manchester Metropolitan University and The University of Manchester. Deansgate can also be walked to within 7 minutes.

The studio comes fully furnished to a very high standard, and also has great views across the City. There is an onsite site, laundry, secure bike storage and 24 hour security.

Manchester has the UK and Europe’s largest university campus and is home to over 85,000 domestic and international students with the student population making up close to 14% of Manchester alone. With the student population in the city so high, equally is the demand for student accommodation developments such as X1 Chapel Street. Boasting 100% occupancy for 2018/2019 it makes for a great investment opportunity for the lucky investor.

X1 Chapel Street – £62,000
Financial Breakdown
Double en-suite room – 12.1 sq m
Assured rental income - £4,396
Assured yield - 7.1% net
Service charges - None payable until August 2019 (£1924 per annum thereafter)
Lettings fees - None payable until August 2019 (8% + VAT thereafter)
Lease – 999 years from 2014
Ground rent - £350 per annum
Let at £135 pw x 48 weeks for academic year 2019 – 2020 giving an actual net yield of 6.3%.

Payment process
Complete our reservation form and reservation fee of £2000.00 (fully re-fundable)
Solicitor instructed
Remaining balance on completion

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