2 Bedrooms Flat for sale in The Gateway, Broughton Road, Salford M6 | £ 85,000

Property Description

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.

Financial Breakdown

Gross rent: £7,140
Ground rent: £100
Service charge: £1,204
Lettings fees: £685
Net income: £5,151
Gross yield: 8.4%
Net yield: 6.06%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13438

Property Location

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