Ashworth Court, 2 Bed

We are pleased to present this two-bedroom ground-floor apartment at Ashworth Court, Radcliffe, offering a fantastic investment opportunity in a sought-after location and with a soon-to-be rental income of £875pcm per calendar month (£8,100 per annum) as of the 24th of April 2025, providing reliable and consistent returns.

The current tenant has been in situ for several years and has consistently paid rent on time. The property could do with some decluttering if a new tenant was to be found and a decoration and modernising, however, the current tenant as mentioned is happy in the property, paying on time and paying market rate.

Key Investment Features:

• Asking Price: £110,000
• Current Rental Income: As of the 24/04/2025 this will be £875pcm (£10,500 per annum)
• Tenant: Long-term, been in the property for over five years
• Service Charges: Approximately £95 per month approx (£1,140 per annum)
• Ground Rent: £50 per annum
• Leasehold: 968 years remaining
• Gross Yield = 9.5%
• Net Income = £9,310 per annum
• Net Yield = 8.5%

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 £110,000, this two-bedroom ground-floor apartment at Ashworth Court, Radcliffe offers a gross yield of 9.5%% and a net yield of 8.5%. The apartment already generates 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.