1 bed flat for sale

Adelphi Street, Salford M3

Adelphi Wharf 2,9 Adelphi Street Salford M3 6Gg

Yieldit are pleased to present this stylish high specification apartment with no ground rent payable! The property is a perfect opportunity for an investor, situated in the highly sought-after and very well-placed development of Adelphi Wharf, Salford. The property is already tenanted meaning you can enjoy an impressive rental yield in the region of 7% net straight from completion, so this is an investment opportunity which is certainly not to be missed.

This top floor apartment includes its own spacious private wrap around terrace with incredible far-reaching views of the city and the River Irwell accessed by patio doors from the living area. Internally, the apartment features a bright open plan living area and comes fully furnished. The kitchen is fully fitted and modern with integrated appliances and the double bedroom is carpeted and benefits from a floor to ceiling window providing plenty of natural light.

Adelphi Wharf provides residents with a peaceful retreat from the hustle and bustle of the city but is still within walking distance of Manchester’s vibrant and exciting centre. The development is perfectly positioned to have access to a variety of transport links, such at Salford Crescent train station along with numerous bus routes and the motorway network making it ideal for commuters. The area is home to a selection of shops, bars and restaurants on the nearby Chapel Street and parks such as Peel Park and The Meadow.

Salford is an unrivalled location for investment, with price growth being higher than the national average and providing high rental yields and good potential for capital growth. The areas surrounding Chapel Street have seen huge redevelopment over the years which has contributed to the desirability of it as a residential location. Industry experts anticipate that Greater Manchester will need at least 200,000 new homes by 2040 to meet anticipated economic and population growth so there hasn't ever been a better time to invest.

Financial Breakdown

Gross Rent: £12,000.00
Net income: £9,752.00
Gross yield: 9.6%
Net yield: 7.8%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07549