Wilson Brook Court

INTRODUCTION

A well-presented two-bedroom first-floor apartment situated within the popular Wilson Brook Court development on Commercial Street, Hyde. Offering spacious open-plan living accommodation, two double bedrooms, a family bathroom, and the benefit of gated on-site parking, this apartment represents an excellent opportunity for investors and first-time buyers alike. The property is currently tenanted and producing an income of £850 per calendar month, making it a ready-made investment from day one.

KEY FEATURES

• Two double bedrooms
• Family bathroom
• Open-plan living, kitchen and dining space with Juliet balcony
• First-floor apartment within a well-maintained development
• Gated, on-site parking
• 999-year lease from 2007
• Currently let at £850 pcm, producing an immediate rental return
• Excellent commuter links, close to Newton for Hyde train station

LOCATION

Wilson Brook Court enjoys a convenient position on Commercial Street in the heart of Hyde, within easy reach of local shops, supermarkets, cafes and everyday amenities. The apartment is a stone’s throw from Newton for Hyde train station, with direct services reaching Manchester Piccadilly in around 20 minutes and Glossop in around 20 minutes — making this an ideal base for commuters into the city or across into the Peak District.

ACCOMMODATION

The apartment is accessed via the first floor and opens into a generous open-plan living, kitchen and dining space, with a Juliet balcony bringing in natural light and outlook. Two well-proportioned double bedrooms and a family bathroom complete the accommodation, offering comfortable and flexible living for owner-occupiers or tenants alike.

INVESTMENT & FINANCIAL SUMMARY

Asking Price: £125,000
Current Rental Income: £850 pcm (£10,200 p.a.)
— of which tenant contribution: £600 pcm
— of which housing benefit top-up: £250 pcm
Ground Rent: £100 per annum
Service Charge: £840 per annum
Approx. Gross Yield: 8.16%

The property is currently let at £850 per calendar month, comprising £600 paid directly by the tenant and a £250 monthly top-up via housing benefit, providing a stable and diversified income stream. Based on the asking price, this reflects an approximate gross rental yield of 8.16%, before ground rent and service charge deductions.

TENURE & CHARGES

• 999-year lease commencing 2007
• Ground rent of £100 per annum
• Service charge of £840 per annum