Ashworth Street, M26
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Buy-to-let property investment
- Fantastic gross and net yields
- Long term lease
- Being sold with the current tenant in situ
- Situated on a well maintained estate
- Well maintainted throughout
Description
## 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
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 is already generating 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.
For more information or to arrange a viewing, contact us today!
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Ashworth Street, M26
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