Wordsworth Road, M34
- PROPERTY TYPE
Ground Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- 2 Bedroom tenanted apartment
- Below market value property
- 7.1% yield
- Popular residential area
- Ground floor apartment
- Allocated parking space
Description
Offered to the market with a tenant in situ and available for rental investment purchase only this two-bedroom ground-floor apartment provides a yield of around 7.1% and has the potential with a rent review to achieve 8.25%.
The property is currently generating a rental income of £595.00 per month, however market average for this property is approximately £800.00 - £850.00 per month (comparable reports available on request for both rental and sales values on this property).
Sales values for comparable two-bedroom apartments clearly show market value in the region of £115,000.00 - £120,000.00 for this apartment (comparable reports available for sales valuations on request).
Internally the property comprises of; entrance hall with storage cupboard, spacious open-plan lounge with kitchen area, master bedroom, additional bedroom, family bathroom.
Externally the property has allocated parking for one car. Viewings are highly advised!
Investment Information
Address: Apartment 4, Warwick Court, Haughton Green Denton M34 7XF
Asking Price: £100,000
Property Type: 2 Bedroom, ground floor apartment
Allocated parking space
Tenure: Leasehold - 125 years remaining as of the 1st Jan 2020
Tenancy: Tenants in situ for the past 3 years, now on a rolling contract
Current Rental Income: £595.00 per month
Market Rental Value: £800.00 - £850.00 per month
Annual Rental Income: £7,140
Ground Rent: £125 per annum
Service Charge: £113pcm
Gross Yield: 7.1%
Net Yield: 5.6%
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Wordsworth Road, M34
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Woodley Station0.8 miles
- Bredbury Station1.1 miles
- Hyde Central Station1.2 miles
About the agent
Pure, Manchester
125 Deansgate, Manchester, M3 2LH
Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.
Thinking Of Investing In Property In The UK?
We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference Warwick-Court-Haughton-Green-Denton-M34. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.