2 bedroom apartment

The Gateway, Broughton Road, Salford M6 6LS

Size: 61.03 sqm

Purchase price

£65,000

Size: 61.03 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £7,140
Ground rent £100
Service charge £1,204
Lettings fees £685
Net income £5,151
Gross yield 10.98%
Net yield 7.92%

** CASH BUYERS ONLY** FANTASTIC INVESTMENT OPPORTUNITY WITH A POTENTIAL 6% NET RETURN! Two bedroom apartment in the heart of Salford in close proximity to Salford University. Enquire today to avoid disappointment.


** CASH BUYERS ONLY**

This two bedroom apartment comprises of; spacious entrance hallway; an open plan lounge and kitchen diner; fully fitted kitchen with large double glazed windows allowing lots of light throughout; a double bedroom with large double glazed windows; a three piece family bathroom with shower over the bath; a second double bedroom with large double glazed window to the side; wooden floors throughout and intercom access.

Salford is a dynamic commercial centre, currently home to more than 8,700 businesses which employ over 127,000 people. The city is integral to Manchester City Region’s economy, the economic powerhouse of the North West of England. Salford’s economy has grown by more than 12% since 2004, as well as house prices seeing an increase of over 36% in the last five years (Zoopla – February 2019). Salford’s great location, supported by excellent transport connections to major cities across the UK and Europe, makes it an ideal base to live, work and invest.

Manchester’s high rental yields, growing demand and capital growth are just a few reasons why it has been named one of the UK’s best buy-to-let hotspots. Between July 2017 and July 2018, Manchester’s property prices rose by 5.6% and are expected to rise a further 18.1% by 2022. Manchester’s growing population ensures that there will always be high demand for rental properties.

Now is the perfect time to invest in this vibrant and exciting city.

Interested in this property? Enquire today for more information

Key features

Key features

Cash buyers only

Key features

Two bedroom

Key features

Fully furnished

Key features

Potential 6% net return

Key features

Great transport links

Key features

Minutes walk from Salford University

Key features

5 minutes from Manchester city centre

Key features

Double glazed

Key features

Excellent location

** CASH BUYERS ONLY** FANTASTIC INVESTMENT OPPORTUNITY WITH A POTENTIAL 6% NET RETURN! Two bedroom apartment in the heart of Salford in close proximity to Salford University. Enquire today to avoid disappointment. More info...

** CASH BUYERS ONLY**

This two bedroom apartment comprises of; spacious entrance hallway; an open plan lounge and kitchen diner; fully fitted kitchen with large double glazed windows allowing lots of light throughout; a double bedroom with large double glazed windows; a three piece family bathroom with shower over the bath; a second double bedroom with large double glazed window to the side; wooden floors throughout and intercom access.

Salford is a dynamic commercial centre, currently home to more than 8,700 businesses which employ over 127,000 people. The city is integral to Manchester City Region’s economy, the economic powerhouse of the North West of England. Salford’s economy has grown by more than 12% since 2004, as well as house prices seeing an increase of over 36% in the last five years (Zoopla – February 2019). Salford’s great location, supported by excellent transport connections to major cities across the UK and Europe, makes it an ideal base to live, work and invest.

Manchester’s high rental yields, growing demand and capital growth are just a few reasons why it has been named one of the UK’s best buy-to-let hotspots. Between July 2017 and July 2018, Manchester’s property prices rose by 5.6% and are expected to rise a further 18.1% by 2022. Manchester’s growing population ensures that there will always be high demand for rental properties.

Now is the perfect time to invest in this vibrant and exciting city.

  • Key features
    Tick Desktop Cash buyers only
    Tick Desktop Two bedroom
    Tick Desktop Fully furnished
    Tick Desktop Potential 6% net return
    Tick Desktop Great transport links
    Tick Desktop Minutes walk from Salford University
    Tick Desktop 5 minutes from Manchester city centre
    Tick Desktop Double glazed
    Tick Desktop Excellent location
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £7,140
Ground rent £100
Service charge £1,204
Lettings fees £685
Net income £5,151
Gross yield 10.98%
Net yield 7.92%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.