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2 bedroom apartment for sale
Devonshire Point, 41 Devonshire Road, Eccles, M30 0SW
£105,000
Devonshire Point, 41 Devonshire Road, Eccles, M30 0SW
£105,000
Price History
Initial price | £115,000 |
29/04/25 | £110,000 |
10/06/25 | £105,000 |
Price Change | -8.70% |
Description
This fantastic buy-to-let investment opportunity is a ground floor apartment with two double bedrooms, one modern bathroom, and an open-plan kitchen/dining area. The property is already tenanted and has a letting agent in place, making it a great hands-off investment. Located in Salford, it's close to Salford Royal Hospital, Trafford Park, and Manchester's city centre, making it appealing to a wide range of tenants. The area is experiencing rapid growth, with forecasts showing a 46% increase in the local economy and 16% increase in employment levels over the next 20 years. The property is expected to generate a gross yield of 9.09% and a net yield of 5.82%. With a financial breakdown of gross rent £9,540 and net income £6,110.78, this is a great opportunity for investors looking to capitalize on Salford's growth.