Turnkey student investment with ready lettings and strong communal facilities.
Steps from University of Salford campus and transport links
This compact studio in The Campus, Block A, sits steps from the University of Salford Frederick Road campus and is configured and furnished for immediate let to students. The apartment is offered with a double bed, study area, fitted kitchen with appliances and communal amenities that include gym, cinema, laundry, rooftop terrace and 24-hour security — features that support strong tenant demand in a student market.
Financially the property presents a clear investment case: a reported net yield of 6.3% and a long lease (995 years remaining). Service charge and ground rent are material running costs (service charge £2,250; ground rent £350 as provided), and management fees of 8% + VAT should be factored into forecasts. Council tax is described as very cheap, and the building benefits from secure entry, video entry and on-site management.
Buyers should note practical limitations. The studio is small and aimed at single-occupancy/student use rather than a buy-to-let for professionals or families. Broadband speeds are slow in the area despite excellent mobile signal. The wider neighbourhood is assessed as very deprived, although recorded crime is very low — factors that will influence tenant mix and long-term capital growth.
Overall this is a turnkey, purpose-built student investment with strong letting fundamentals and high communal specification, offset by notable service charges, central area deprivation and limited living space. It suits investors seeking immediate rental income from the student market rather than purchasers wanting larger living accommodation or long-term capital certainty.