Development Snapshot
Development Overview
According to CBRE, the UK is currently experiencing an unprecedented shortfall of more than 580,000 student rooms, creating exceptional demand for quality Purpose Built Student Accommodation. In 2023, the sector saw a record-breaking £3.9 billion invested, while national occupancy rates reached 98%, demonstrating the resilience and consistency of demand. Despite this, only 16,000 new rooms were delivered, intensifying the supply gap.
X1 Frederick Street represents the newest addition to X1’s established student accommodation portfolio, joining the success of X1 The Campus and the nearby X1 Cheltenham Place. Both developments have maintained full occupancy since opening, securing premium rental income with tenants paying on time and in full. This proven performance highlights X1’s ability to deliver high-quality, fully tenanted properties that provide investors with stable and reliable returns.
Key Facts
- Prices from  £162,950
- Studio apartments
- Student accommodation
- Up to 7% Gross AST yield
- 999 Year Lease
- 50% payable on exchange
- Excellent transport links
Why Choose This Area?
X1 Frederick Street has been thoughtfully created to meet the needs of students, graduates, and young professionals, becoming the newest addition to Salford’s growing residential community. Surrounded by other successful X1 developments, it continues the tradition of offering exceptional quality living alongside premium on-site amenities such as a private gym, laundry facilities, and secure bike storage.
Its location is both convenient and well-connected, just a short walk from Salford Crescent station and only ten minutes from Manchester city centre, while still providing a calm and welcoming environment. This balance of accessibility and comfort makes it an attractive choice for both residents and investors.
Area Highlights
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Testimonials
Ryan was really supportive and encouraging as I took my first big step into property investment. He was really accommodating around my availability, took the time to address any concerns, with practical solutions. It was like having my own personal mentor. Would definitely work with him again and recommend to friends and family.
I’ve thoroughly enjoyed my experience with 365 Invest so far. I’ve been working with Paul who is always incredibly professional, gives me prompt responses to any question and never applies any pressure on decisions. I’ve reserved a unit and exchanged and am expecting to complete during Q2 this year and currently have had no issues. It’s been an absolute pleasure working with Paul and I look forward to purchasing further properties with him and 365 in the future.
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