Investment Type: BUY-TO-LET
Est. Completion: AVAILABLE
Investment Opportunity: Ashworth Court, Radcliffe, Manchester, M26 2XZ
## Property being sold with the current tenant in situ ##
We are pleased to present this modern one-bedroom ground-floor apartment at 1 Ashworth Court, Radcliffe, offering a fantastic investment opportunity in a sought-after location. With a current rental income of £675 per calendar month (£8,100 per annum), the property is a great addition to any portfolio, providing reliable and consistent returns.
Key Investment Features:
Asking Price: £95,000
Current Rental Income: £675 per calendar month (£8,100 per annum)
Tenant: In situ for 12 months, with a desire to continue the tenancy
Service Charges: Approximately £90 per month (£1,080 per annum)
Ground Rent: £50 per annum
968 years remaining
EPC Rating 'D'
Yield Calculations:
Gross Yield = (£8,100 / £95,000) × 100 = 8.53%
Annual Service Charges + Ground Rent = £1,080 + £50 = £1,130
Net Income = £8,100 - £1,130 = £6,970
Net Yield = (£6,970 / £95,000) × 100 = 7.34%
Council Tax Band:
This property is in Council Tax Band A, ensuring an affordable local tax rate for the tenant.
Summary:
At an asking price of £95,000, this one-bedroom ground-floor apartment at 1 Ashworth Court, Radcliffe, offers a gross yield of 8.53% and a net yield of 7.34%. The apartment already generates consistent income, with a long-term tenant in place, making it a low-maintenance, high-return investment. This property is ideal for investors seeking a solid return in a desirable location.
Location
Manchester, United Kingdom
Tenure
Leasehold
Completion
Completed and tenanted
Rental Yield
8.53% rental yield
If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.
Any Questions?
Call: +44 (0) 161 337 3890
Call our team today on +44 (0) 161 337 3890