2 bed Terraced House For Auction

TO BE SOLD BY ONLINE AUCTION ON 1-2ND JULY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS

128 Louisa Street, Openshaw, M11 1AN

A fantastic opportunity to purchase a strong income-producing investment property, currently let on a 7-year company lease and generating an excellent rental income of £1,600 per month, equating to £19,200 per annum.

The lease is on full FRI terms, meaning there are no landlord outgoings, offering a truly hands-off investment with secure rental income in place from day one. The lease also benefits from a 3% annual rent increase each year for the next 7 years, providing built-in rental growth for the purchaser.

Based on the current guide price, the property offers an impressive yield of over 10%, making this an attractive opportunity for both experienced investors looking to add a low-maintenance asset to their portfolio, and new landlords seeking a straightforward investment with strong income.

Internally, the accommodation comprises two reception rooms and a kitchen to the ground floor, with two well-sized bedrooms and a family bathroom to the first floor. The downstairs space is currently being used as further bedroom accommodation, maximising the rental potential of the property.

**VIRTUAL VIEWING AVAILABLE**

Located in Openshaw, the property is well placed for local amenities, transport links and access into Manchester, making it an appealing long-term rental investment.

With a strong rental return, full FRI company lease, annual rent increases and secure income already in place, this is a ready-made investment opportunity with minimal day-to-day involvement for the purchaser.

The property is fully compliant with all required certification, including EPC, gas and electrical safety, and a full copy of the lease agreement has been provided for review.

EPC Rating C