June Auction – 5 Connie Street Openshaw.

tips

This property seems to be a little gem, Openshaw is an up and coming area thanks to the recent opening of the metrolink. Greater numbers of tenants are now looking for two bedroom properties in Openshaw thanks to its new 10 minute commute to the city centre.

This is a property I will have my eye on at the Edward Mellor Auction and will be valuing it as worth around £60-65k. I’d be expecting a rental income of at least £500/m which would put me at about a 10% yield.

I have tenants waiting for properties in Openshaw, so I know this will not stay vacant for any amount of time.

 

If you are looking to invest in Openshaw or anywhere in East & North Manchester  and would like any assistance, then please drop in to my offices on Moston Lane, Manchester for coffee and a chat, or call me on 0161 681 3724.
Look forward to speaking to you soon!
 
Regards 
 
Mike Brown

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