Ten houses with healthy rental incomes at Manchester auction

Ten Manchester properties complete with tenants already paying healthy rents are going under the hammer in the next SDL Auctions North West auction at the AJ Bell Stadium on 12 December.

The houses in Moston, Harpurhey, Gorton, Openshaw and Newton Heath are all offering yields of around 9 per cent or more, based on their guide prices which start from £65,000+.

There are eight terraced properties with two bedrooms and two terraced properties with three bedrooms included in the auction catalogue, most of which are fitted with double glazing and gas central heating.

Andy Thompson, senior valuer at SDL Auctions North West, said: “These properties are all close to local amenities and have excellent transport links into Manchester city centre, which makes them popular locations in which to rent.”

The two bedroomed properties already producing annual rental incomes of £6,240 include four in Moston at 29 Spreadbury Street, 25 Lowton Avenue, 10 Longhill Walk, and 32 Melbourne Street.

The other four – also producing annual rental incomes of £6,240 – are at 107 Fernclough Road in Harpurhey, 125 Heathcote Road in Gorton, 74 Ackroyd Street in Openshaw, and 28 Briscoe Lane in Newton Heath.

All eight of the above properties have guide prices ranging from £65,000+ to £70,000+.

The three bedroomed properties include 46 Ventnor Street in Harpurhey, producing an annual rental income of £6,900 and with a guide price of £75,000 to £85,000+, and 40 Gill Street in Moston, producing an annual rental income of £7,200 and with a guide price of £80,000+.

Mr Thompson added: “Each one of these lots offers an attractive rental yield of around 9 per cent or more based on their guide prices, making them all great investment opportunities for existing or new landlords.

“We’re already seeing a lot of interest in these lots ahead of the auction so we’re expecting some strong and competitive bidding on the day.”

The next SDL Auctions North West auction is taking place on Tuesday 12 December at the AJ Bell Stadium in Manchester.