The stats show that Salford is delivering a median rent of £750 a month, a gross annual yield of 6.8% and an average house price of £131,863. Salford is sitting in 4th position in the buy-to-let league table, behind Aston & Birmingham City; Teeside; and Sunderland, in no 1 position, recording gross annual leads of 10.6%.
According to property investment specialists, Mistoria Group, landlords can enjoy returns of up to 7-10% and a combined yield, with capital appreciation of over 13% per year, if they buy the right property, in the right area.
Mish Liyanage, Managing Director of The Mistoria Group, had this to say: “Salford is a booming University City and is a great place to invest. It offers good rail and road links, located near the M602 and the M60, together with a great bus and tram service. With a wide variety of bars, restaurants together with good sport facilities, three great retail parks and wide open spaces of parkland, Salford has something for everyone.
If landlords are savvy and carefully select where they invest, they can enjoy excellent gross annual leads. Rental income especially for HMOs can vary dramatically in Salford, depending on which postcode you look at. For example, Eades Street (M6 6PG), Seaford Road (M6 6DD), Blandford (M6 6BE), Welford Road (M6 6BB) are some of the most expensive areas in Salford, netting on average ££110 per room, per month as these streets/roads are very close to the university. However, generally, students pay up to £85-105 per room, per month including bills for high quality student accommodation and the
We know that the most important considerations for students when choosing rental accommodation is space, location and price. Our research shows that the majority of students in Salford want to live in high quality, shared accommodation, with good internet access and affordable bills.
Student accommodation can offer a number of attractive features to investors. The yields are high, as students settle for less space than other tenants; occupancy is typically very good; and it is neatly counter-cyclical, as more people go to university during economic downturns.”
