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Property ID: 216693760
Monthly Income
£1,200
Current Yield
10.2%
Tenancy status
Tenanted
CapitalAppreciation
+4.5%
Exclusive Investment Grade Opportunity

This 2 bedroom flat in Salford offers a prime investment opportunity. It boasts valuable amenities in close proximity, promising rewarding rental returns and a current tenant.


The well-maintained property features two bedrooms, three-piece bathroom, spacious lounge, kitchen and balcony.


Investment Details:


The property currently generates an annual gross income of £14,400 which has the potential to be increased to a market rate of £19,500 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.


For further details on the property’s investment potential, please refer to the attached Let Property Pack. Should you express interest in this property, please contact us.


Tenancy Details:


The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income1200/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£1200 pcm
Current Rental Yield
10.2%
Potential Market Value Rent
£1625 pcm
Potential Rental Yield
13.7%
Estimated Monthly Capital Appreciation
£534
Area Capital Appreciation Rate
+4.5%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 244 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: D

Interactive street-level view of the property location and surrounding area.

Ground Rent
£25
Factor Fees/Running Costs
£230
Total Estimated Costs
£255
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents
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Yearly Net Profit
Current Yearly Rent
£14,400
Annual Capital
Appreciation
£2,850
Yearly Ground Rent
£300
Yearly Factor Fee /
Service Charge
£2,760
Other Yearly Costs
None
Indicated
Annual Net Returns
£14,190