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Church Walk

Northwich, Cheshire

£120,000

  • 2 bedroom apartment
  • Net yield of 6.9%
  • Current sitting tenant
  • Strong rental growth potential
  • Popular residential location

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Northwich, Cheshire

Apartment | £120,000 | Leasehold Property
OVERVIEW

A fantastic opportunity to acquire this beautifully renovated two-bedroom first floor apartment, ideally situated in the popular and well-connected village of Weaverham, Northwich. Having undergone a recent full refurbishment a couple of years ago, the property is presented to an excellent standard throughout and is available with a current tenant in situ producing £750 per calendar month (£9,000 per annum), making this an attractive proposition for investors seeking an immediate return, as well as owner-occupiers looking for a ready-to-move-into home.

ACCOMIDATION

Accessed via a private entrance hall, the property offers well-proportioned living accommodation throughout, comprising a comfortable lounge, a fitted kitchen, two double bedrooms, and a family bathroom, all finished to a high standard following the recent renovation. The apartment also benefits from the rare addition of private use of an enclosed rear garden.

In brief, the accommodation comprises:

  • Private entrance hall
  • Lounge
  • Kitchen
  • Two double bedrooms
  • Family bathroom
  • Private use of enclosed rear garden
LOCATION

Weaverham is a highly regarded village on the edge of Northwich, offering a wealth of local amenities including shops, schools, and excellent transport links to Northwich, Chester, and the wider North West, making it a popular choice for both owner-occupiers and tenants alike.

INVESTMENT SUMMARY
Asking Price £120,000
Current Rental Income £750 pcm / £9,000 pa
Service Charge £670 per annum
Ground Rent £10 per annum
Net Annual Income £8,320 per annum
Gross Yield 7.5%
Net Yield 6.9%
Lease Term Remaining 92 years (landlord open to extending)
KEY FEATURES
  • Recently renovated throughout to a high standard
  • EPC: C
  • Two double bedrooms
  • Private use of enclosed rear garden
  • Tenant in situ, immediate income from day one
  • 7.5% gross yield / 6.9% net yield at asking price
  • Low service charge and ground rent
  • Ideal for investors or first-time buyers

Return on Capital Employed (ROCE) Calculator

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