This property seems to be a little gem, Openshaw is an up and coming area thanks to the recent opening of the metrolink. Greater numbers of tenants are now looking for two bedroom properties in Openshaw thanks to its new 10 minute commute to the city centre.
This is a property I will have my eye on at the Edward Mellor Auction and will be valuing it as worth around £60-65k. I’d be expecting a rental income of at least £500/m which would put me at about a 10% yield.
I have tenants waiting for properties in Openshaw, so I know this will not stay vacant for any amount of time.