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1 bedroom flat for sale
Wilton Place, Salford M3
£94,000
Wilton Place, Salford M3
£94,000
Price History
Initial price | £96,000 |
27/06/24 | £90,000 |
07/07/24 | £100,000 |
22/07/24 | £98,000 |
23/10/24 | £94,000 |
Price Change | -2.08% |
Description
This studio flat in Manchester is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a studio flat, lounge, kitchen, and bathroom, and is currently generating an annual gross income of £7,500. With long-term tenants already in place, the new owner has the potential to increase the rental income to a market rate of £11,400, making it a worthwhile addition to an investment portfolio. The current tenants have been paying rent consistently for several years and have no intention of moving out, ensuring a smooth transition for the new owner.