The accommodation is generously proportioned throughout, comprising multiple bedrooms, spacious communal living areas, and functional kitchen and bathroom facilities, ideally suited to the rental market. Its size and layout offer flexibility for continued multi-let use or potential future reconfiguration (subject to any necessary consents).
A substantial five-bedroom investment property positioned on the ever-popular Weaste Lane in Salford, offering an excellent opportunity for investors seeking strong, immediate rental income with future growth potential 📈
Currently fully let and producing £2,200 per calendar month (£26,400 per annum), the property provides an attractive gross yield of approximately 9.6% based on the guide price of £275,000 — making it a compelling addition to any buy-to-let portfolio 💷
The accommodation is generously proportioned throughout, comprising multiple bedrooms, spacious communal living areas, and functional kitchen and bathroom facilities, ideally suited to the rental market. Its size and layout offer flexibility for continued multi-let use or potential future reconfiguration (subject to any necessary consents).
Well located for access into Salford and Manchester City Centre, the property benefits from strong tenant demand driven by nearby employment hubs, universities, and transport links 🚆.
This is a ready-made income producing asset with scope to enhance returns over time through rental growth or value-add strategies.
An ideal opportunity for investors seeking yield, scale, and long-term upside in a proven rental location.
FREEHOLD
* Plus 2% Buyers Premium plus VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Large Five Bedroom Investment Property – Substantial accommodation ideal for continued multi-let or strong family rental demand.
Income Producing Asset – Currently generating £2,200 PCM (£26,400 per annum) offering an attractive yield opportunity for investors.
Approx. 9.6% Gross Yield – Based on the guide price of £275,000, presenting a compelling addition to any buy-to-let portfolio.
B
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
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. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
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