1 Bed Flat For Sale Great Cheetham Street West, Salford, M7

£140,000- Flat

1 of 13
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Last Updated: 25th June 2024

Description

OVER 6% NET YIELD!!\r
FULLY MANAGED BY A PROFESSIONAL LOCAL LETTING AGENT\r
IDEAL BUY-TO-LET INVESTMENT OPPORTUNITY\r
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Take a look at the Photos, Floorplan & 360 Virtual Tour of the actual apartment!\r
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Tenanted until January 2025!\r
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Current Financial Performance\r
Rental Income: £950pcm / £11,400pa\r
Service Charge: £1,185.52pa\r
Ground Rent: £250pa\r
Lettings Management Fee 8% + VAT: £1,094.40pa\r
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NET Income: £8,870.08\r
NET Yield: 6.3%\r
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Tenure: Leasehold 250 years from 2021\r
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A superb buy-to-let investment opportunity with this stunning 1st Floor, one bedroom apartment within a tastefully refurbished Victorian development, setback from the road and offering plenty of curb appeal. Each apartment has been modernised to a high specification, whilst still maintaining many original features including high ceilings and arched windows. Attractively priced and not to be missed!\r
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Briefly the property comprises; steps leading up to a well maintained communal front lawn. Communal entrance to stairs accessing all floors. Apartment located on the 1st floor. Entrance hallway, bright and spacious open plan living room with feature arched windows, dining area and fitted kitchen. Double bedroom and ensuite shower room.\r
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We are advised that parking is available to the rear on a \"first come first served\" basis.\r
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NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.
Agent Details
Mr Investa Ltd
Mr Investa, Blue Tower, MediaCityUK, M50 2ST

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested