Back Lane

Pure Investor brings to the market this two-bedroom flat in Heckmondwike, West Yorkshire which is being sold with the current tenant in situ. The flat includes two double bedrooms, bathroom with a bath/shower, toilet and sink, a modern open-plan lounge/kitchen with integrated appliance such as a fridge/freezer, cooker, hob, extractor fan, sink and drainer. The current tenant keeps the apartment in good general condition throughout.

The apartment also includes private parking.

INVESTMENT INFORMATION
- Asking Price: £70,000.00
- Current Rental Income: £550.00pcm
- Annual Rental Income: £6,600.00
- Potential Rental Income: £650.00pcm
- Potential Annual Rental Income: £7,800.00
- Current Gross Yield: 9.4%
- Potential Gross Yield: 11.1%
- Service Charge: £129.00pcm (£1,548.00pa)
- Ground Rent: £0 each owner has a share of the freehold
- Current Net Income: £5,052.00pa
- Current Net Yield: 7.2%
- Potential Net Income: £6,252.00pa
- Potential Net Yield: 8.9%
- Tenure: Leasehold
- Current tenants have been in situ since May 2023 with the rent being paid directly from the tenant's employer

Back Lane - Key Points

Location

Wakefield, United Kingdom