Chapel Street, Manchester
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Manchester Buy to Let Student - Chapel Street Manchester Property
This Manchester student accommodation on Chapel Street has 93 apartments and is located in a prime position in the heart of Manchester offering easy access to the three universities in the area. Located within a five minute walk of the University of Salford’s main campus and a ten minute bus ride to Manchester Metropolitan University and University of Manchester, the site could not be more ideally situated.
Key Figures
£54,950Starting Price
8%Net Yield
Q3 2014Completion Date
Investment Details
Student buy to let property in Manchester
Students living in the residence will reap the benefits of the regeneration project, as both of the railway stations located near to the site will experience major investment in their entrances and facilities, allowing for ease of movement within the city of Manchester and easy access to its impressive range of theatres, museums and shopping venues.
Salford is an area which has been boosted by the arrival of Media City UK-the new home of the BBC and ITV. Such developments as this, in addition to the existing Lowry theatre have helped enhance Salford’s tourist trade attracting more than seven million visitors in 2011. An ideal buy to let for many of these reasons. A bus-service operates nearby the Chapel Street site, which exclusively offers University of Salford students free transport to their building located at the centre of the media hub, while charging members of other universities a small sum.
The demand for student accommodation investment is high particularly in Manchester where it has the largest percentage of Chinese students. The demand for the units reflects the 70% that have already been sold.
Chapel Street has now fully sold out. Before looking at other student investments, why not read our checklist for investing in student property?
The Numbers
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Completed with high specification.
Property now sold.
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