X1 Cheltenham Place - Walk from Salford University to development

With the construction at the new X1 Cheltenham Place development due to start in the next couple of weeks, we wanted to give our investors a better idea of the local area, and in particular the distance between the development and the main campus of Salford University (21,000 full-time students). 

Mark Burns | 14th November 2022

With the construction at the new X1 Cheltenham Place development due to start in the next couple of weeks, we wanted to give our investors a better idea of the local area, and in particular the distance between the development and the main campus of Salford University (21,000 full-time students).

As you will note from the video, the short walk from X1 Cheltenham Place to the main campus takes less than 3 minutes and is a little over 200 metres. On the way is the X1 The Campus building, in which many of our investors have purchased previously. This development at X1 Campus has proven extremely successful for investors, with exceptionally high occupancy rates, and robust weekly rents delivering higher rental yields. With X1 Cheltenham Place offering tenancies to both students and young professionals, similar positive results are expected to be seen.

Why Invest In Student Property In Manchester in 2022?
Despite the wider economic headwinds towards the tail end of 2022, the student property market has proven extremely resistant and actually experienced higher levels of demand and interest from investors. The reasons for this are two-fold. Firstly, the number of student applications has increased by over 8% for the past year, with the UK educational sector once again proving highly attractive for overseas students looking to benefit from a high level of expertise on offer in this country. Secondly, as a result of increasing legislation and decreasing financial incentives, increasing numbers of private landlords are selling their buy-to-let property investments in the UK. The net result of both factors is an increasing structural imbalance in the supply of student property in the UK.

A recent report by Sturents, covered extensively in the Manchester Evening News stated that there is currently a deficit of over 4,000 student beds in Manchester, representing a deficit of almost 7% against the required level. This structural shortage in the Manchester student property sector is similar to those widely reported throughout other major UK student locations including Nottingham, Glasgow and Leeds. With increasing numbers of traditional landlords choosing to sell their student rental properties, this structural imbalance looks set to continue placing considerable pressure on the available stock across the purpose-built student sector.

>> Find out more information on the new X1 Cheltenham Place development in Manchester.

Back to News