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Chaucer Way

Salford, Greater Manchester

£295,000

  • 3 bedroom town
  • Net yield of 6.5%
  • Current sitting tenant
  • Strong rental growth potential
  • Popular residential location
  • EPC: C

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Salford, Greater Manchester

End Town House | £295,000 | 999 Year Lease 
A TURNKEY INVESTMENT WITH IMMEDIATE INCOME
An excellent opportunity to acquire a modern three-bedroom townhouse in a popular Salford development, sold with the current tenants in situ and generating £1,595 PCM (£19,140 PA).
At the asking price of £294,500, the property delivers an attractive 6.5% gross initial yield, providing investors with an established rental income from completion, subject to the existing tenancy and transaction terms.
With a 999-year lease from 2014, family-friendly accommodation and strong tenant appeal, this represents a straightforward long-term residential investment.
KEY INVESTMENT HIGHLIGHTS
  • £1,595 PCM current rental income
  • £19,140 annual rental income
  • 6.5% gross initial yield
  • Tenant in situ
  • 999-year lease from 2014
  • £120 per annum service charge
  • Modern 3-bedroom townhouse over 3 floors
  • Integrated garage & off-road parking
  • Front & rear gardens
  • Modern kitchen/dining room
  • En-suite, family bathroom & downstairs WC
  • Double glazing & gas central heating
  • Popular residential development
  • Excellent access to Salford, Manchester & surrounding areas
THE PROPERTY
A spacious and modern family home arranged over three floors, offering approximately 1,094 sq ft total area including the garage. The accommodation includes a generous living room, modern kitchen/dining room, three bedrooms, en-suite, family bathroom and downstairs WC, together with gardens, parking and an integrated garage. The combination of size, layout and outdoor space gives the property strong appeal within the family rental market.
RENTAL & YIELD POTENTIAL
The current rental income of £1,595 PCM produces a 6.5% gross yield at the asking price.
There may also be potential for future rental growth, subject to market conditions and the existing tenancy.
Illustrative rental scenarios:
  • £1,595 PCM → 6.50% yield
  • £1,750 PCM → 7.13% yield
  • £1,850 PCM → 7.54% yield
  • £1,950 PCM → 7.95% yield
WHY INVEST IN CHAUCER WAY?
  • Immediate income: Tenant already in occupation, providing an established rental stream.
  • Attractive yield: A 6.5% gross initial return based on the current rent and asking price.
  • Long lease: 999-year lease from 2014, providing substantial remaining lease term.
  • Strong rental appeal: Three bedrooms, gardens, parking and garage create a property suited to family tenants.
  • Salford location: Convenient for local amenities, parks, shops and transport connections towards Manchester and Salford.

Return on Capital Employed (ROCE) Calculator

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Property Price

Mortgaged

Cash Purchase

Deposit

£0.00

25%

£295,000.00

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£3,000.00

£3,000.00

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