Cantilever Gardens

INVESTMENT FIGURES

• Current rent: £765 pcm (£9,180 p.a.)
• Service charge: £150 pcm (£1,800 p.a.)
• Ground rent: £150 p.a.
• Net annual income: £7,230
• Gross yield: 10.2%
• Net yield: 8.0%

The property is let with tenants in situ and a clean arrears record – meaning income begins from day one of ownership.

POTENTIAL RENTAL INCREASE

The current rent of £765pcm sits below the prevailing market rate for the development, where comparable two-bedroom apartments are actively achieving £825–£925pcm. At the next tenancy renewal, there is a realistic opportunity to increase income by £60–£160pcm without any capital expenditure – pushing the gross yield toward 11–12%.

Additionally, a service charge review is scheduled for 1 June, which may result in a reduction and further improve net returns.

PROPERTY INFORMATION

Apartment 37 is a well-presented two-bedroom apartment within Cantilever Gardens, a popular private gated development of 70 modern apartments set along the Manchester Ship Canal. The complex benefits from:

• Electric gated access
• Allocated parking
• Secure communal entrance
• Professionally managed grounds

These features are consistently cited by tenants as key reasons for choosing the development, supporting rental premiums and low void periods.

THE LOCATION

Warrington sits strategically on the M62 corridor between Manchester and Liverpool, one of the most economically active corridors in the UK. The Latchford and Stockton Heath area is particularly sought-after among young professionals and commuters, with Warrington Central station offering:

• Manchester Piccadilly in under 30 minutes
• Liverpool Lime Street in under 40 minutes
• Immediate access to the M62 motorway

This transport connectivity sustains consistent rental demand and minimises void risk for landlords.

IN SUMMARY

At £90,000, this is a rare opportunity to acquire a performing, income-producing asset with an immediate 8% net return, identifiable rental upside, and a long secure lease, in a location underpinned by strong fundamentals.