Watch out for this property in the upcoming April Edward Mellor Auction in Salford. I had a drive by 121 Newton Road and am very familiar with the area. The property is in need of attention, and will require an invesment to get it up to an acceptable standard for renting.
This could be a good investment if you can get the property at around £40k, and bring it up to rental standards. After cosmetic enhancements it would be expected to fetch a rental value of £550/pcm (approx 10% 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.