FREDERICK STREET STUDENT ACCOMMODATION
AWARD WINNING DEVELOPER X1 INTRODUCES THEIR LATEST PROJECT LOCATED IN MANCHESTER THE UK’S PRIME RENTAL HOTSPOT. OFFERING INVESTORS A PRIME OPPORTUNITY TO CAPITALISE ON STRONG RENTAL DEMAND SUPPORTING A 7% NET RENTAL INCOME WITH NO HIDDEN FEES
Frederick Street Manchester
Building on the sell-out success of X1 Cheltenham Place, award-winning developer X1 now introduces X1 Frederick Street, the latest addition to Salford’s booming property market.
Purpose-built to meet the growing demand from students, graduates, and young professionals, the development combines premium facilities such as a residents-only gym, laundry services, and secure bike storage with an exceptional location just moments from Salford Crescent Station and only 10 minutes from Manchester city centre.
Set within one of the UK’s fastest-growing rental hotspots, X1 Frederick Street offers investors a prime opportunity to capitalise on strong tenant demand, rising rental yields, and long-term capital growth, backed by X1’s proven track record of delivering high-quality, high-performing residential schemes.
Investors will benefit from a hassle-free investment as each studio apartment is stylishly furnished and will be fully managed with no hidden fees. The opportunity assures a 7% Net rental return for 10 years, with no service charge, no management charge and all utilities included.
Beyond rental performance, X1 developments have also demonstrated exceptional capital growth. X1 The Campus has delivered an impressive 25% uplift since completing in 2023, while X1 Cheltenham Place has already achieved 12% growth despite only opening in February 2025.
With a track record of combining high occupancy, reliable income, and strong capital appreciation, X1 continues to set the benchmark for high-performing property investments in the UK.
Investment Highlights
Prices start from £152,995
Stylish studio apartments fully furnished
7% NET rental return per annum for 10 years
No ground rent
No stamp duty - Exclusive Offer with Level Investment
999-year leasehold
Fully managed for hands off ease of ownership
Experience Frederick Street
Rooftop garden and communal area
Gymnasium
Self contained accommodation, including en-suite, and kitchen
Located 5 minutes walk from Salford University
No service charges
All utilities included
No management fees
UK Student Accommodation – A Market in High Demand
The UK student accommodation market is experiencing unprecedented demand. According to CBRE, there is currently a shortfall of over 580,000 student beds, creating a highly competitive environment for quality Purpose-Built Student Accommodation (PBSA). In 2024 alone, the PBSA sector attracted a record £3.9 billion in investment, reflecting a 14% increase from the previous year, yet only 16,400 new beds were delivered — highlighting the ongoing supply-demand imbalance.
Occupancy rates remain exceptionally high, with PBSA achieving 98% national occupancy, demonstrating both resilience and consistent demand. As governmental policy makes the private rented sector increasingly restrictive, students are turning more than ever to PBSA, further intensifying pressure on existing stock.
Manchester – A Thriving Student Market
Manchester is home to over 120,000 students across The University of Manchester, Manchester Metropolitan University, and the University of Salford, filling the city with a vibrant, dynamic community. Despite this, the city faces a shortfall of approximately 16,000 purpose-built student beds, with only around one in three students able to secure dedicated accommodation. This gap continues to widen, creating sustained demand for high-quality PBSA.
For investors, this combination of strong rental demand, premium occupancy rates, and limited supply presents a compelling opportunity to capitalise on one of the UK’s most resilient and high-performing student property markets. Developments like X1 Frederick Street are perfectly positioned to benefit from these fundamentals, offering both reliable income and long-term growth potential.
Financial Example
Purchase Price of the Property £162,950
Contracted Net Rental Income at 7%
Purchase is in full and secured with a 999-year leasehold. All rental agreements are contracted, fully managed and maintained.
Rental Income Paid Monthly £950
Annual Income Paid £11,406
Rental income is paid each month in arrears with no additional costs or hidden fees. Rental income is fixed at the agreed rate.
Rental Agreement contracted for 10 years
Total rental income over the 10 Years £114,060
The rental agreement is contractual for 10 years. After this period landlords will be offered new agreements or can self-manage.
Location and Surrounding Area
Perfectly positioned in Manchester’s thriving student district, X1 Frederick Street places residents just moments from lectures, libraries, and key university facilities — ensuring consistent demand from students and graduates. With Manchester city centre only minutes away by car, bike, or public transport, tenants also enjoy seamless access to world-class shops, restaurants, and leisure venues, enhancing the development’s rental appeal.
Transport connectivity continues to strengthen the area’s investment case. Salford Crescent Station is undergoing a £21 million upgrade, including the addition of a third platform on the Manchester line, further boosting accessibility and long-term capital growth potential.
For investors, X1 Frederick Street’s prime location guarantees not only immediate rental demand but also sustainable returns as infrastructure and regeneration continue to transform the local area.
Address
33 Frederick Street
Salford
M6 6ND
Salford & Manchester – A Thriving Growth Corridor
Over the past five years, Salford has evolved into one of the UK’s most dynamic hubs for business, creativity, and leisure. Fuelled by £2.34 billion in private-sector investment, the city is now home to MediaCityUK — the nation’s largest media and digital hub — employing over 15,000 professionals across global brands such as BBC, ITV, TalkTalk, Bupa, and Kellogg’s.
The wider Salford region has seen 85% growth since 2010, with more than 11,000 businesses now operating locally. To meet rising demand, over 20,300 new homes have been delivered in the past decade, with X1 contributing significantly through five major developments comprising more than 5,000 units.
Education and research are also driving regeneration. The University of Salford has invested £55 million in new facilities, alongside a forthcoming 60,000 sq ft clinical teaching and research centre at Frederick Road. Its Campus Connectivity Plan will unify teaching hubs across Peel Park, Frederick Road, and the Crescent Innovation Zone — supporting over 7,000 full-time equivalent jobs and generating £350m GVA for the Salford economy by 2040.
Infrastructure improvements further strengthen the investment case. Salford Central Station is undergoing a £10m upgrade through 2025, while Salford Crescent is benefiting from a £21m investment to add a third platform on the Manchester line, improving commuter connectivity into the city centre.
At the heart of Greater Manchester, regeneration exceeds £4bn, with landmark projects including the £1bn Northern Gateway, £1.5bn Victoria North regeneration, £450m Co-Op Live Arena, and the £250m St Michael’s development. Together, these projects are transforming the city, attracting graduates, young professionals, and global businesses — and ensuring sustained demand and growth for residential property investors.