R2R in Salford, First-Time Investor Friendly
About this property
The proposed strategy is to lease the property from its owner and operate it under the agreed subletting model. The opportunity offers a lower ownership requirement, while performance depends on occupancy, operating costs and landlord consent.
This deal is suitable for first time investors.
This premium high-end, heritage conversion features like authentic exposed red brick, iron columns, and high loft-style ceilings create a massive organic ranking and click-through boost on Airbnb, allowing you to easily maintain a strong nightly base rate throughout the year.
The M3 postcode directly anchors Spinningfields, the premier corporate financial and legal district of the North. Home to global heavyweights like PwC, Deloitte, and Barclays, this area generates a constant, recession-proof stream of corporate contractors and consultants.
The property is Modern Spec and Furnished, so you completely bypass the multi-week furniture assembly, decoration, and staging window. This eliminates early dead-rent periods, allowing you to list the property and achieve a fast cash-flow turnaround from day one.
It sits directly opposite Salford Central Train Station and the world-famous AO Arena is less than a 10-minute walk away. Plus, the Manchester United/City home matchdays will alternate weekly, so there'll always be an event on.
The Investment Required total includes the first month’s rent deposit and it is furnished.
Cleaning has been calculated in the figures below. If you would like property management, just add 12%.
Financial Information
Rental price (to pay): £1,700
Refurb/works cost: £0
Sourcing fee: £3,000
Monthly profit (£): £714
Annual profit: £8,568
Monthly rent: £1,700
Annual rent: £20,400
ROCE (%): 83%
Investment required: £6,400
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.