Thorpe & Co’s Eccles Old Road properties provide office space as well as accommodation for over 40 residents.
The Eccles Old Road corridor has been central to our property investment activity for over 20 years. Thorpe & Co own a portfolio of buildings that have been converted into a range of accommodation including HMOs, studios and 1 bedroom apartments, providing accommodation for over 40 students and young professionals. In addition, our office and business meeting lounge are situated here providing onsite management.
Eccles Old Road links Manchester City Centre and Salford with Eccles, providing easy access to all three of the local Universities. The Langworthy junction takes you straight to the vibrant MediaCityUK thus, providing an excellent base for young media professionals to both live and work.
A comprehensive bus network, as well as trains and trams, make Eccles Old Road an excellent place to start your night. If the town centre isn’t your scene the trendy bars and restaurants of Media City and Monton Village are close at hand.
There are several purpose-built apartment developments in the area that provide excellent opportunities for investment. One development of particular interest is Knowles Court which is situated directly opposite Salford Royal Hospital – a continuous source of tenants. Previous experience developing properties within this development has been a success; We sourced a two-bedroom apartment for investors that generates a gross yield of 7.25%.
Close by, we are currently adding to our own portfolio by acquiring an apartment in Silverton House which is a development within a stones throw of Hope Hospital. Costing just £78,000, we believe this to be excellent value for money with the average cost of apartments in the area around the £100,000 mark. This property is expected to produce a gross yield exceeding 8%, which is above our target of 7%.
“I believe the Eccles Old Road corridor currently presents excellent investment opportunities with realistic property prices and strong rental income. If you would like to explore these opportunities further please don’t hesitate to contact me.”
David Thorpe
Tel: 0161 736 7300
Email: enquiries@thorpeandcoproperty