- Suitable for a range of buyers +
- Excellent investment opportunity +
- Fantastic rental yield +
- Two bedroom apartment +
- Light and spacious accommodation +
- Extremely popular development +
- Ideally located +
- Excellent transport links +
yieldit are delighted to offer this second floor apartment to the market. Devonshire Point presents an ideal hands-off investment, already tenanted with a professional letting agent in place. The property briefly comprises two generously sized double bedrooms, a modern bathroom, and an open-plan kitchen/dining area.
Situated in a highly desirable location, the apartment enjoys close proximity to Salford Royal Hospital, Trafford Park, the Universities of Salford and Manchester, and Manchester’s vibrant city centre. This prime location appeals to a wide range of tenants, particularly young professionals attracted by the area’s affordability and excellent local amenities.
Nearby Salford Quays—Manchester’s distinctive waterfront destination—offers world-class entertainment, leisure facilities, and an impressive selection of restaurants, bars, and shops.
Salford is on a remarkable upward trajectory. Over the next two decades, it is forecast to see the fastest percentage growth in Greater Manchester, with the local economy projected to expand by over 46%—equating to £3 billion in growth. Employment is expected to rise by 16%, with an estimated 40,000 new jobs by 2040. The city is now home to nearly 13,000 businesses, having added over 5,000 since 2010.
Financial Breakdown
Gross Rent: £11,700.00
Net income: £7,099.78
Gross yield: 11.14%
Net yield: 6.76%
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-08162