Just spotted a nice little investment opportunity in the upcoming April Edward Mellor Auction in Salford. I had a drive by 566 Oldham Road and am very familiar with the area.
This could be a good investment if you can bag it at somewhere between £65k-£70k. After cosmetic enhancements it would be expected to fetch a rental value of £550/pcm (approx 9% yield after works).
We have lots of tenants waiting for properties like this to come available in Failsworth. This area is well sought after and properties are rarely vacant for any period of time.
If you are looking to invest in Failsworth 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.