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£120,000

Studio for sale Adelphi Street, Salford M3

1 bath
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Points of interest

Property location

Nearby amenities

  • The Cathedral School of St Peter and St John RC Primary0.1 miles
  • The Friars Primary School0.2 miles
  • Salford Central0.3 miles
  • Salford Crescent0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

This well proportioned studio is located on the second floor of the newest phase at Adelphi Wharf, a modern waterfront development in Salford. As expected with a new apartment, the accommodation is immaculate throughout and briefly comprises of; bright open plan living space with balcony which that boasts beautiful river views, fitted kitchen with integrated appliances, spacious bed space, fully-fitted shower room, and large storage cupboard.

Manchester city centre is just a short walk from this exciting new waterside development which overlooks the River Irwell. There are a number of transport links close by, such as Salford Crescent train station and numerous bus routes. There is also easy access to the nearby motorway network. The local area also offers a selection of bars, shops and restaurants along Chapel Street and green space in the form of Peel Park.

The price growth in Salford is higher than the national average, with the 2 year growth at 1.2 times the national average. The average house price in Salford, M3 is £265,507 and the average rent is £916. The area surrounding Adelphi Wharf has also seen a huge amount of regeneration including the ongoing redevelopment of Chapel Street and the New Bailey area of the city. This is an exciting time to invest in Adelphi Wharf, so enquire today to avoid disappointment.

Financial Breakdown

Gross rent: £7,500
Ground rent: £250
Service charge: £820
Lettings fees: £900
Net income: £5,530
Gross yield: 6.25%
Net yield: 4.61%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-17101

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