2 bed flat for sale

Devonshire Point, 41 Devonshire Road, Eccles M30

Devonshire Point, 41 Devonshire Road, Eccles, M30 0Sw

Fantastic buy to let investment opportunity, ground floor apartment briefly comprises of; Two generous sized double bedrooms, one modern bathroom and open plan kitchen/dining area. The already tenanted property has a letting agent in place, so it is a great hands off investment.

The property enjoys close proximity to Salford Royal Hospital, Trafford Park, the Universities of Salford and Manchester and Manchester’s cosmopolitan city centre meaning it appeals to a wide spectrum of tenants. Salford is becoming increasingly popular with young professionals due to its affordability combined with the abundance of local amenities and attractions on offer at the nearby Salford Quays, Manchester’s unique waterfront destination with world-class entertainment and leisure facilities and a brilliant selection of restaurants, bars and shops.

Over the next two decades Salford is forecast to experience the fastest percentage growth in Greater Manchester. The local economy is expected to grow by over 46% with £3 billion of growth. And the city’s employment levels are set to increase by 16% in the next 20 years. With our own research showing 40,000 new jobs by 2040. There are now almost 13,000 businesses trading in Salford, the city’s business base has grown by over 5,000 companies since 2010.

Please note, lettings and management fees may apply.

Financial Breakdown

Gross Rent: £9,540.00
Net income: £6,110.78
Gross yield: 8.67%
Net yield: 5.56%
Please contact agent for full financial breakdown.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07284